ADR Shares End Lower, Rio Tinto and Petrobras Among Companies Actively Trading
December 16 2022 - 5:12PM
Dow Jones News
By Sabela Ojea
International stocks trading in New York closed lower on
Friday.
The S&P/BNY Mellon index of American depositary receipts
closed 0.9% lower at 139.92. The European index declined 1.2% to
136.18. The Latin American fell 0.7% to 172.84, while the
emerging-markets index shed 0.4% to 270.18. The Asian index
retreated 0.5% to 161.54.
The ADRs of Rio Tinto PLC and Petroleo Brasileiro S/A traded
actively.
ADRs of Rio Tinto closed lower after the mining company said it
completed the acquisition of the Canadian mining company Turquoise
Hill Resources Ltd., which plans to apply to be delisted from the
Toronto Stock Exchange and the New York Stock Exchange.
ADRs of Petrobras closed lower after the shareholder rights law
firm Glancy Prongay & Murray LLP said it continues to
investigate the company on behalf of its investors on potetial
violations of federal securities laws.
Write to Sabela Ojea at sabela.ojea@wsj.com
(END) Dow Jones Newswires
December 16, 2022 17:57 ET (22:57 GMT)
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