International companies trading in New York closed higher
Monday, with the Bank of New York index of American depositary
receipts adding 0.8% to 156.10. The European index rose 0.9% to
152.18, the Asian index added 0.3% to 154.13, the Latin American
index climbed 1.3% to 309.38, and the emerging-markets index rose
0.8% to 312.26. Among the companies with shares that actively
traded were Statoil ASA (STO, STL.OS) and Chinese solar stocks.
Statoil has warned that western countries' sanctions against
Russia will slow the process of getting the go-ahead for some of
its joint ventures with Russian oil group OAO Rosneft. Norway's
largest oil group said on Monday that it will stand by its
27-month-old partnership with the state-controlled Russian company
as it hopes diplomacy will resolve the standoff between the U.S.
and Europe and Russia over the crisis in Ukraine. Statoil shares
edged up 0.6% to $28.38.
Several Chinese solar stocks posted gains after an Indian senior
government official on Monday said India dropped a plan to impose
antidumping tariffs on solar cells imported from the U.S., China,
Taiwan and Malaysia as the South Asian nation looks to give a boost
to its solar-power ambitions and cut dependence on imported fossil
fuels. Shares of Yingli Green Energy Holding Co. (YGE) rose 5.3% to
$3.78, while JinkoSolar Holding Co. (JKS) added 0.1% to $29.12 and
Trina Solar Ltd. (TSL, K3KD.SG) edged up 0.5% to $13.37.
Luxottica Group SpA (LUX, LUX.MI), the world's largest eyewear
maker, said it called a board meeting for Sept. 1, to "consider the
management structure" of the company and the position of Chief
Executive Andrea Guerra. The announcement comes after reports last
week that Mr. Guerra, who has been chief executive at Luxottica
since 2004, could be about to resign over disagreements with
founder and majority shareholder Leonardo Del Vecchio. Shares edged
up 0.6% to $51.57.
Shares of Brazil's oil exploration and refining giant Petroleo
Brasiliero SA (PBR, PETR3.BR, PETR4.BR) moved higher Monday,
continuing a recent see-saw, according to Barron's Blog. Shares
have been volatile lately, and on Monday rose 5.1% to $18.08.
Write to Anna Prior at anna.prior@wsj.com
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