International stocks trading in New York were mixed on
Friday.
The BNY Mellon index of American depositary receipts rose 0.14%
to 147.20. The European index rose 0.17% to 143.85; the Asian index
rose 0.03% to 157.10; the Latin American index rose 0.27% to
222.97; and the emerging markets index fell 0.05% to 273.27. Among
the companies with shares that actively traded was Gold Fields Ltd.
(GFI, GFI.JO).
Gold Fields reached a three-year agreement on wages and other
employment conditions with trade unions at its South Deep mine in
South Africa, in a deal the miner said should help it attract
skilled personnel. The South Africa-based gold miner said Friday
that the agreement will result in average annual wage increases of
10% over three years and that the first increase is effective from
April 1 this year. ADRs of Gold Fields rose 6.5% to $4.29.
China Southern Airlines Co. (ZNH, 1055.HK) is expected to swing
to a first-quarter net profit after strong air-traffic demand and
lower oil prices. The Guangzhou-based carrier said Friday it
expects to post a first-quarter net profit of 1.8 billion yuan
($290.2 million) to CNY2.0 billion under Chinese accounting
standards, compared with a net loss of CNY306 million the previous
year. ADRs of China Southern rose 4.1% to $52.58.
Daqo New Energy Corp. (DQ), a China-based polysilicon maker,
swung to a profit and posted higher revenue for the quarter, as it
reported record production volume. Daqo's ADRs increased 7.8% to
$29.20.
Nokia Corp. (NOK, NOK1V.HE) is considering a sale of its maps
business, according to a Bloomberg News report. Nokia ADRs rose
4.3% to $8.06.
Write to Josh Beckerman at josh.beckerman@wsj.com
-0-
Write to Josh Beckerman at josh.beckerman@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires