ADRs End Higher; British American Tobacco, Alibaba and BRF Actively
12 Septiembre 2018 - 4:53PM
Noticias Dow Jones
International stocks trading in New York closed higher on
Wednesday.
The BNY Mellon index of American depositary receipts rose 0.2%
to 140.42. The European index increased 0.3% to 131.56. The Asian
index rose 0.4% to 166.56. The Latin American index fell 2.2% to
203.54. And the emerging-markets index decreased 0.2% to
292.53.
British American Tobacco PLC (BTI), Alibaba Group Holding Ltd.
(BABA) and BRF SA (BRFS) were among those with ADRs that traded
actively.
The Food and Drug Administration chief said that the agency
might ban all flavored e-cigarettes due to their popularity among
teenagers, which he said had reached "an epidemic proportion."
British American Tobacco shares rose along with other tobacco
companies on the news. FDA Commissioner Scott Gottlieb said earlier
this year that though many smokers may use e-cigarettes to smooth
the quitting process, he was concerned about young people using the
products, particularly the popular brand Juul, which sells such
flavors as "crème brulée" and "cool cucumber." The regulator said
on Wednesday that it has asked Juul and others to respond with
sufficient plans to reduce teen use, warning them that they chance
a ban. ADRs of British American Tobacco rose 6% to $49.02.
Chinese e-commerce giant Alibaba agreed to take a 10% stake in
one of Russia's biggest tech players -- a commercial tie-up that
comes as both countries move to strengthen geopolitical bonds. The
stake in Mail.Ru Group Ltd., one of Russia's earliest and most
prominent internet firms, would be worth about $484 million, based
on Mail.Ru's market valuation Monday. The transaction is part of a
broader venture, unveiled Tuesday on the sidelines of a
China-Russia summit, aimed at creating what Alibaba and its new
Russian partners say will be the biggest online-shopping platform
in the country. ADRs of Alibaba rose 2.5% to $161.46.
Prosecutors in Brazil may offer a lenient penalty to poultry
processor BRF SA if the company cooperates with an investigation,
Reuters reported Wednesday. Brazilian authorities are investigating
whether BRF, along with some laboratories, worked together to cheat
on food safety tests, the report said. A Brazilian federal
prosecutors said "grave irregularities" were found, and the company
would be required to carry out a thorough restructuring as part of
any deal for leniency, the report said. ADRs of BRF fell 3.2% to
$5.07.
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(END) Dow Jones Newswires
September 12, 2018 17:38 ET (21:38 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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