Prices of international shares trading in New York closed lower
on Tuesday. The BNY Mellon index of American depositary receipts
fell 0.8% to 142.93. The European index decreased 1.1% to 141.47,
the Asian index dropped 0.22% to 144.37, the Latin American index
fell 0.41% to 238.31 and the emerging markets index declined 0.40%
to 268.16. Among the companies with shares that actively traded was
America Movil SAB (AMOV, AMX.MX, AMX).
AT&T (T) is signaling a deal for Mexican assets from America
Movil isn't coming soon. AT&T is expanding into the country and
America Movil is expected to shed a significant amount of assets to
get out from government penalties put in place because of its
dominance. But AT&T Chief Financial Officer John Stephens said
at an industry conference that it isn't yet clear what America
Movil plans to sell or whether any such moves would pass muster
with the Mexican government. America Movil shares fell 1.7% to
$21.90.
Brazil's top prosecutor on Tuesday called for the management of
state-run oil company Petroleo Brasileiro SA (PBR, PETR3.BR,
PETR4.BR) to be replaced in light of a widespread corruption
scandal that has tarnished the image of Brazil's biggest company.
Petrobras shares fell nearly 1% to $8.15.
Mitsui & Co. (8031.TO) said it is investing in Mozambique
coal and transportation infrastructure projects, an indication of
its confidence that slumping coal prices will eventually recover.
The Japanese trading firm said Tuesday it will buy 14% of the
Moatize coal mine and 35% of the Nacala rail and port project in
the central part of the east African country from Brazil's Vale SA
(VALE, VALE3.BR, VALE5.BR, VALE5.FR). Mitsui plans an initial
investment of $763 million in the two projects, the company said.
Vale shares fell 1% to $7.94.
Write to Tess Stynes at tess.stynes@wsj.com
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