International stocks trading in New York were mostly higher
Tuesday.
The BNY Mellon index of American depositary receipts rose 0.6%
to 147.85. The European index increased 0.9% to 145.72, the Asian
index dropped 0.55% to 156.60, the Latin American index rose 2.59%
to 219.29 and the emerging markets index increased 0.67% to 266.78.
Ctrip.com International Ltd. (CTRP, K3RD.SG) was among the
companies with ADRs that traded actively.
Qunar Cayman Islands Ltd. (QUNR) which runs one of China's
largest online travel-booking sites, late Monday rejected a bid
from Shanghai-based Ctrip.com, its biggest rival. As competition
among online travel providers is intensifying in China, independent
companies such as Ctrip and Qunar, have been aiming to boost market
share and compete for the rising number of Chinese mobile-device
users. ADRs of Qunar rose by a penny to $46.02 and Ctrip fell 5.6%
to $77.04.
Several of FIFA's big corporate sponsors including Coca-Cola
Co., Visa Inc. and Adidas AG said they welcomed the resignation of
the soccer governing body's president amid a wide-ranging
corruption scandal, and urged the organization to enact swift
changes to restore its credibility. Anheuser-Busch InBev NV (BUD),
which has been a FIFA sponsor since the 1986 World Cup, said it
expects Tuesday's resignation by Sepp Blatter to "accelerate" the
organization's efforts to "install positive change." Anheuser-Busch
InBev ADRs rose 2.3% to $122.
U.K. banks Barclays PLC (BCS, BARC.LN) and HSBC Holdings PLC
(HSBC, HSBA.LN, 0005.HK) are reviewing payments that were allegedly
used to bribe FIFA officials, The Wall Street Journal reported. The
banks' respective compliance teams are looking at the transactions
and nothing has yet been determined, according to the Journal. The
banks were among a group of lenders named by U.S. authorities
following accusations of widespread corruption in soccer's world
governing body. Barclays ADRs rose 1.7% to $16.48 and HSBC Holdings
increased 31 cents to $47.78.
Banco Bradesco SA (BBDO, BBD, BBDC4.BR), Itau Unibanco Holding
SA (ITUB, ITUB3.BR, ITUB4.BR) and Banco Santander Brasil SA (BSBR,
SANB3.BR, SANB4.BR, SANB11.BR) have bid to buy the Brazilian unit
of HSBC Holdings PLC, The Wall Street Journal reported. Spokesmen
for the banks declined to comment. The sale process is in an early
stage and more bids could be made in the next few weeks, according
to the Journal. ADRs of Banco Bradesco rose 1.8% to $8.70, Itau
increased 3.4% to $11.05 and Banco Santander Brasil rose 4.1% to
$5.15.
A Canadian court ordered British American Tobacco PLC (BTI,
BATS.LN), Philip Morris International Inc. and Japan Tobacco Inc.
to pay 15.6 billion Canadian dollars ($12.5 billion) in damages to
Quebec smokers after a 17-year legal battle, in the latest case to
roil the global tobacco industry. Imperial Tobacco Canada, a unit
of British American Tobacco, was ordered to pay 10.4 billion
Canadian dollars. British American Tobacco ADRs fell 1.4% to
$107.94.
Brazil's state-controlled oil company Petroleo Brasileiro SA
(PBR, PETR3.BR, PETR4.BR), or Petrobras, confirmed the sale of $2.5
billion of debt in its 100-year bond deal, the latest sign of
robust demand from investors for bonds that offer higher rates than
safe government debt. ADRs rose 6.6% to $8.92.
Write to Tess Stynes at tess.stynes@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires