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ADR Report: Shares Lower As Solar Companies Extend Losses

By Corrie Driebusch Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- International companies trading in New York closed lower Friday, in line with the broader market, amid continuing euro-area worries and concerns about slowing Chinese growth. The Bank of New York index of ADRs fell 0.7% to 112.76 as shares of solar-panel makers extended their declines. On Thursday U.S. trade officials ordered duties of 31% on China's top makers of solar panels. The Department of Commerce said products made by Suntech Power Holdings Co. (STP, K3ND.SG), Trina Solar Ltd. (TSL, K3KD.SG) and 59 other Chinese exporters will face the 31% antidumping duty, which it said it was levying because the companies sold their products in the U.S. at less than fair value. Shares of Suntech Power slumped 6.1% to $2 and Trina Solar declined 6.3% to $5.70. JA Solar Holdings Co. (JASO) dropped 15% to 89 cents and Yingli Green Energy Holding Co. (YGE) ended off 10% to $2.52. The Asian index shed 1.5% to 112.78. Shares of social network operator Renren Inc. (RENN) sank 21% to $4.93 as Facebook Inc.'s (FB) debut was more tepid than investors had anticipated. The European index declined 0.4% to 103.96. RBC Capital Markets downgraded Anglo American PLC (AAUKY, AAL.LN) to sector perform from outperform "to reflect uncertainty about the profitability of the South African platinum group metal sector." It added the sector is also struggling with a volatile labor situation as a new trade union attempts to gain ground. Shares of Anglo American fell 1.6% to $15.71. The Latin American index traded down 0.2% to 302.22 and the emerging markets index lost 0.6% to 260.10. Colombian Finance Minister Juan Carlos Echeverry said Friday the government plans to force some banks to increase their reserves on new consumer loans amid a worrisome rise in past-due credit. Shares of Colombia's top lending institution BanColombia SA (CIB, BCOLOMBIA.BO) fell 2.3% to $60.59. The European Union respects Argentina's decision to seize control of YPF SA (YPF, YPFD.BA) but expects the South American country to compensate the Spanish oil heavyweight, an EU official said in an interview published Friday. YPF is a unit of Repsol YPF SA (REP.MC). Shares of YPF fell 4.8% to $12.35. -By Corrie Driebusch, Dow Jones Newswires; 212-416-2143; corrie.driebusch@dowjones.com

Stock News for Yingli Grn Engy Adr (YGE)
DateTimeHeadline
07/21/201514:30:00UPCOMING DEADLINE: Levi & Korsinsky, LLP Reminds Shareholders...
07/21/201508:00:00Yingli to Build a 50 MW Solar Power Plant in Shanxi Province...
07/20/201520:30:00IMPORTANT SHAREHOLDER REMINDER: Goldberg Law PC Announces Securities...
07/14/201511:47:00Glancy Prongay & Murray LLP Reminds Investors Of The Upcoming...
07/14/201508:00:00Yingli Solar Introduces New 1500V Utility-Scale Solar Panel
07/14/201508:00:00Newly Launched Solar Start-Up Amplify Energy Provides Innovative...
07/10/201506:30:00Yingli Supplies 240 MW of Solar Panels for Latin America's Largest...
07/10/201506:05:15Report of Foreign Issuer (6-k)
07/09/201508:00:00Yingli Green Energy Comments on U.S. Department of Commerce's...
07/08/201508:00:00Yingli Solar and Partners Power School and Clinic in Rural Laos
07/07/201513:55:00SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders...
06/30/201507:30:00Yingli Brings Solar Investment Opportunity to the Chinese Public...
06/24/201507:30:00Yingli Solar to Supply 40 MW of Solar Panels to Sybac Solar in...
06/22/201511:43:00DEADLINE ALERT: Law Offices of Howard G. Smith Announces Lead...
06/22/201506:09:25Report of Foreign Issuer (6-k)
06/19/201510:06:00SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders...
06/17/201517:44:00SHAREHOLDER ALERT: Pomerantz Law Firm Announces the Filing of...
06/17/201506:30:00Yingli Partners with LONGi on Vertically Integrated Production...
06/15/201507:30:00Yingli Connects a 50 MW Solar Power Plant to the Utility Grid...
06/12/201518:24:00TRADING ALERT: The Rosen Law Firm Reminds Yingli Green Energy...

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