ADRs End Higher; Nokia, Sanofi and ArcelorMittal Actively
13 Septiembre 2018 - 4:38PM
Noticias Dow Jones
International stocks trading in New York closed higher on
Thursday.
The BNY Mellon index of American depositary receipts rose 0.6%
to 141.28. The European index increased 0.6% to 132.38. The Asian
index rose 0.3% to 167.08. The Latin American index rose 1.9% to
207.31. And the emerging-markets index increased 0.9% to
295.08.
Nokia Oyj (NOK), Sanofi SA (SNY) and ArcelorMittal SA (MT) were
among those with ADRs that traded actively.
Nokia's CEO urged the U.S. telecommunications industry to keep
China at bay in the race to build faster, 5G networks. Rajeev Suri
said the U.S. has a chance to lead in 5G "but it is not a given."
"South Korea, Japan and particularly China are coming up in the
rearview mirror. This is the time to push the pedal even harder,"
Suri said. He also urged regulators in the U.S. to act quickly to
make more spectrum available to wireless carriers, arguing it's key
to the country's competitiveness. "Every further delay risks
undermining the U.S.'s current advantage," he said. ADRs of Nokia
rose 3% to $5.47.
Sanofi said Thursday that it hired the head of Bayer AG's
pharmaceuticals division to lead its Primary Care unit, one of two
new divisions that the French company is creating. The French
pharmaceutical group named Dieter Weinand to head the Primary Care
unit, and also made him executive vice president, effective Nov. 1.
Mr. Weinand joins Sanofi from Bayer, where he was a member of the
board of management, the company said. The Primary Care unit will
combine the Diabetes and Cardiovascular unit with Established
Products, which is currently part of a different division, Sanofi
said. ADRs of Sanofi rose 2.4% to $44.39.
Steelmaker ArcelorMittal and the United Steelworkers union are
taking a break from contract negotiations until Sept. 20 because of
a "lack of accommodation space in Pittsburgh" for talks, the union
and the company says in a joint statement to the 15K or so U.S.
employees represented by the union. The parties have agreed to
extend the terms of the contract that expired Sept. 1 while
negotiations are under way. ADRs of ArcelorMittal were down 1.3% to
$28.96.
(END) Dow Jones Newswires
September 13, 2018 17:23 ET (21:23 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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