International stocks trading in New York closed mostly up on Monday.

The BNY Mellon index of American depositary receipts eased 0.02% to 144.37 and the European index declined 0.25% to 135.90.

Meanwhile, the Asian index improved 0.39% to 165.97. The Latin American index increased 0.24% to 232.66. And the emerging-markets index rose 0.56% to 304.58.

Coca-Cola Femsa (KOF, KOF.MX) was among those with ADRs that traded actively.

 

A 20% increase in Mexican sugar prices and this year's jump in gasoline and diesel costs offset benefits of lower PET plastic prices, curbing second-quarter profit margins at bottler Coca-Cola Femsa. Separately, Dutch brewer Heineken NV (HEINY, HEIA.AE) has notified KOF and other Coke bottlers in Brazil that it intends to end a distribution agreement on Oct. 31. The Mexican bottler says the agreement has another five years to run, said Coca-Cola Femsa Chief Financial Officer Hector Trevino. KOF is seeking "constructive dialogue" with Heineken, which will involve discussion of compensation for early termination, he added. Coca-Cola Femsa ADRs fell 6% to $85.40 while Heineken's, which trade over the counter, closed down 1% at $50.77.

 

Randgold Resources Ltd. (GOLD, RRS.LN) said Monday it has shifted its focus to finding additional reserves and resources at the Tongon gold mine in Côte d'Ivoire and that it wants to extend the mine's life beyond its current four-year horizon. The mine has a production target of 285,000 ounces for 2017, the company said. ADRs fell 1.5% to $89.20.

 

Royal Philips NV (PHG, PHIA.AE) said Monday it will begin a 1.5 billion- euro ($1.71 billion) share buyback program as it posted a 36% rise in second-quarter profit. ADRs rose 4.3% to $37.62.

 

Ryanair Holdings PLC (RYAAY, RYA.LN, RY4C.DB) on Monday said profit rose 55% in its fiscal first quarter, bolstered by strong ticket prices, but warned that overcapacity will continue to pressure fares. ADRs fell 0.86% to $111.50.

 

Telecom Italia SpA (TI, TIA, TIT.MI) on Monday said Chief Executive Flavio Cattaneo has resigned, amid mounting tensions with shareholder Vivendi SA. Mr. Cattaneo is the second CEO to leave the company in a little over a year as Vivendi, led by French billionaire Vincent Bolloré, exerts control over the Italian carrier. The French media and entertainment company built a stake of nearly 25% in Telecom Italia -- just below the level at which an investor must make a takeover bid. ADRs rose 4.4% to $9.98.

 

(END) Dow Jones Newswires

July 24, 2017 17:36 ET (21:36 GMT)

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