International stocks trading in New York closed lower on
Wednesday.
The BNY Mellon index of American depositary receipts fell 0.89%
to 143.95. The European index declined 0.73% to 143.99, the Asian
index decreased 0.91% to 149.78, the Latin American index fell
2.43% to 199.18 and the emerging markets index declined 1.21% to
247.10. National Bank of Greece SA (NBG, ETE.AT) and Petroleo
Brasileiro SA (PBR, PETR3.BR, PETR4.BR) were among the companies
with ADRs that traded actively.
Alibaba Group Holding Ltd. (BABA) disclosed plans Wednesday to
protect user data on its cloud-computing platforms globally,
highlighting the Chinese e-commerce giant's ambitions to expand its
services in markets including the U.S., where it plans to build a
second data center. ADRs rose nearly 2% to $84.15.
ADRs of ARM Holdings PLC (ARMH, ARM.LN) fell 5% to $45.39 as the
chip maker reported a smaller revenue increase than analysts
projected, raising concerns than smartphone sales could hurt the
company in the second half of the year. Still, ARM reported higher
profit and raised its interim dividend 25% to 3.15 pence a share.
The Cambridge, U.K.-based company designs the basic chip technology
found in more than 95% of all smartphones, including Apple's
iPhone.
The European Central Bank on Wednesday raised the ceiling on
emergency lending to Greek banks by €900 million ($980 million), a
person familiar with the matter said, the second-straight rise by
that amount. The move increases a lifeline, albeit only modestly,
for Greek banks that had been frozen from late June into mid-July
at the height of negotiations between Greece and its international
creditors over a bailout package. ADRs of National Bank of Greece
rose nearly 6% to 99 cents.
ADRs of Novartis AG (NVS, NOVN.VX) fell another 2% on Wednesday
to $101.30, a day after reporting a 32% decline in second-quarter
profit.
Swiss authorities on Wednesday said they are investigating units
of the Brazilian construction firm Odebrecht SA in connection with
a corruption scandal involving Brazil's state-run oil firm
Petrobras, broadening an international money-laundering
investigation. ADRs of Petrobras fell nearly 6% to $7.06.
Write to Tess Stynes at tess.stynes@wsj.com
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