International stocks trading in New York closed higher Monday,
with the Bank of New York index of American depositary receipts
adding 0.8% to 155.25. The European index rose 0.7% to 150.91, the
Asian index climbed 0.8% to 154.91, the Latin American index jumped
1.2% to 304.22 and the emerging-markets index rose 1.3% to 310.47.
Among the companies with shares that actively traded were Rio Tinto
PLC (RIO, RIO.LN)
Anglo-Australian miner Rio Tinto said it was reviewing its
options for its controlling stake in Bougainville Cooper Ltd., the
mining company that owns the Panguna mine in Bougainville, Papua
New Guinea, after the government passed new mining laws that may
strip the company of its lease on the site. Shares edged up 0.5% to
$57.61.
Deutsche Bank AG (DB, DBK.XE) has poached a senior Goldman Sachs
Group Inc. (GS) technology executive to become the chief
information officer for its Americas business, as the German lender
works to overhaul its technology and compliance procedures. Richard
Shannon will join Deutsche Bank's New York business in October to
support the bank's compliance and regulatory technology
initiatives. Deutsche Bank shares edged up 0.2% to $33.01.
WSP Holdings Ltd. (WH), a Chinese manufacturer of tubing and
drill pipes used in oil and natural-gas exploration, said it
received last month a notice of failure to satisfy continued
listing standards for the New York Stock Exchange, as the company's
American depositary shares were less than $1.00 a piece over a
trading period of 30 consecutive days. The company said it wishes
to return to conformity with the listing standards, but said it
believes that restoring compliance would involve substantial
restructuring of the company's business and strengthening of its
balance sheet. Shares fell 6.3% to 75 cents.
Write to Anna Prior at anna.prior@wsj.com
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