YPF YPF Sociedad Anonima

Prices of international stocks trading in New York closed lower Friday.

The BNY Mellon index of American depositary receipts fell 2.4% to 126.58. The European index declined 2.1% to 127.97, while the Asian index fell 3.1% to 129.88. The Latin American index fell 3% to 165.46 and the emerging-markets index declined nearly 3% to 207.68. Alibaba Group Holding Ltd.'s (BABA) was among the companies with ADRs that traded actively.

Chinese e-commerce giant Alibaba's chairman and vice chairman, Jack Ma and Joe Tsai, are planning to borrow more than $2 billion in loans by using their shares in the company as collateral, a person familiar with the matter said. It was unclear how the money would be used or the timing of the transaction. The planned loan was reported by Bloomberg News on Friday. Alibaba said in an emailed statement that such a move would be "prudent financial planning." Its ADRs closed down nearly 4% to $63.91.

ADRs of Sibanye Gold Ltd. (SBGL, SGL.JO), South Africa's largest gold producer, rose nearly 2% to $4.86 on Friday a day after Anglo American Platinum Ltd. said it is in talks to sell its platinum operations in the South African mining town of Rustenburg. Anglo Platinum, the world's largest platinum producer, first outlined a plan to sell assets including its Rustenburg and Union mines in July 2014 as its earnings took a hit from rising costs and a long-running strike.

Argentina's YPF SA (YPF, YPFD.BA) and Russia's OAO Gazprom signed an agreement Friday that could lead them to jointly develop unconventional gas projects in the South American country. The deal comes as YPF energetically courts foreign investment in Argentina's energy sector, which is home to the biggest unconventional oil and gas development outside North America. Gazprom, the world's leading player in conventional gas, is looking to expand oil and gas projects around the world. ADRs rose 0.93% to $21.79.

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September 04, 2015 17:02 ET (21:02 GMT)

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