International Business News - ADRS http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Shares of Latin American companies that trade on U.S. exchanges fluctuated on Friday as Wall Street trimmed heavy losses from earlier in the session after the Federal Reserve indicated that the top two U.S. mortgage financiers can borrow from the central bank. http://www.ibtimes.com/articles/20080711/adrs-in-focus-latin-american-adrs-wobble.htm Fri, 11 Jul 2008 15:56:11 EDT U.S.-traded shares of Elan Corp. PLC declined on Friday after two analysts dealt the Irish drug maker's stock a "Sell" rating, saying recent gains are unwarranted. http://www.ibtimes.com/articles/20080711/adrs-in-focus-elan-adrs-slump-amid-sell-ratings.htm Fri, 11 Jul 2008 15:31:38 EDT Emerging markets airline ADRs slid Friday as crude oil prices touched fresh highs on the New York Mercantile Exchange. Light, sweet crude for August delivery soared to an all-time high of $147.27 a barrel earlier in the day, before pulling back slightly to trade at $145.61, up $3.96 on the Nymex. http://www.ibtimes.com/articles/20080711/adrs-in-focus-emerging-markets-airlines-slide.htm Fri, 11 Jul 2008 15:19:50 EDT U.S.-traded shares of Indian software companies slipped on Friday, as Wall Street declined and information technology company Infosys Technologies warned that an uncertain economy may crimp spending. http://www.ibtimes.com/articles/20080711/indian-software-adrs-follow-wall-street-lower.htm Fri, 11 Jul 2008 14:59:28 EDT U.S.-traded shares of Gafisa SA rose on Thursday after Goldman Sachs analysts upgraded ADRs of the Brazilian homebuilder, saying the company's margins are improving and its sales are "robust." http://www.ibtimes.com/articles/20080710/adrs-in-focus-gafisa-up-after-goldman-upgrade.htm Thu, 10 Jul 2008 15:26:33 EDT American Depositary Receipts of Asian financial institutions traded mixed Thursday, despite investors' concerns about the health of the financial sector in the U.S. http://www.ibtimes.com/articles/20080710/adrs-in-focus-asian-banks-rise.htm Thu, 10 Jul 2008 15:22:44 EDT U.S.-traded shares of Grupo Aerportuario del Pacifico SAB de CV fell sharply on Wednesday after a Citi Investment Research analyst downgraded the Mexican airport operator to "Sell," saying it is exposed to weak airlines in Mexico. http://www.ibtimes.com/articles/20080709/adrs-in-focus-latin-american-airports-slip.htm Wed, 09 Jul 2008 16:09:37 EDT U.S.-traded shares of Indian companies rose Wednesday, despite a decline on Wall Street after supply concerns caused the price of oil to spike. The Bank of New York Mellon India ADR Index advanced 17.08 points, or 2 percent, to 860.21. The index has declined about 29 percent so far this year. http://www.ibtimes.com/articles/20080709/adrs-in-focus-india-adrs-rise.htm Wed, 09 Jul 2008 15:13:59 EDT Shares of emerging markets oil and gas companies trading in the U.S. mostly fell in afternoon trading Wednesday as crude prices fluctuated after a U.S. government report showed oil stockpiles fell more then expected last week. http://www.ibtimes.com/articles/20080709/adrs-in-focus-emerging-markets-oil-and-gas.htm Wed, 09 Jul 2008 14:58:16 EDT Shares of emerging markets oil and gas ADRs fell in Tuesday trading as crude prices slipped on the New York Mercantile Exchange. Light, sweet crude for August delivery lost $4.73 to $136.94 a barrel on the Nymex. Last week prices had flirted with the $150 per barrel mark. http://www.ibtimes.com/articles/20080708/adrs-in-focus-emerging-markets-oil-and-gas.htm Tue, 08 Jul 2008 14:59:27 EDT Shares of Latin American aviation companies trading on U.S. exchanges headed higher on Tuesday as crude prices fell sharply for the second straight day. http://www.ibtimes.com/articles/20080708/adrs-in-focus-latin-american-aviation-adrs-rise.htm Tue, 08 Jul 2008 14:47:03 EDT Shares of European pharmaceutical companies mostly traded higher Tuesday afternoon, with the top gainers including GlaxoSmithKline PLC and AstraZeneca PLC. http://www.ibtimes.com/articles/20080708/adrs-in-focus-european-pharma-shares-rise.htm Tue, 08 Jul 2008 14:41:23 EDT U.S.-traded shares of Chinese solar companies declined Tuesday as Wall Street advanced slightly amid sinking oil prices. Oil prices fell as much as $6 a barrel, bringing crude down $10 this week and hurling prices back to levels not seen since June 26. http://www.ibtimes.com/articles/20080708/adrs-in-focus-chinese-solar-stocks-decline.htm Tue, 08 Jul 2008 14:23:27 EDT Several Japanese ADRs rose in afternoon trading on Monday as Japan's main index reversed a recent slide to end its longest losing streak in more than a half-century. http://www.ibtimes.com/articles/20080707/adrs-in-focus-japanese-adrs.htm Mon, 07 Jul 2008 16:07:49 EDT U.S.-traded shares of companies based in Latin America headed lower on Monday, taking a cue from Wall Street amid cautious remarks from the U.S. Federal Reserve and nervousness over the health of the U.S. economy. http://www.ibtimes.com/articles/20080707/adrs-in-focus-latin-american-adrs-decline.htm Mon, 07 Jul 2008 15:19:23 EDT An index of Israeli ADRs fell in Monday trading, brought down in part by Teva Pharmaceutical Industries Ltd. after the company reported disappointing results from a multiple sclerosis drug trial. http://www.ibtimes.com/articles/20080707/adrs-in-focus-israel-index-dips-after-teva-report.htm Mon, 07 Jul 2008 14:53:22 EDT Emerging markets airline ADRs slid in Thursday trading as prices for crude oil--closely linked to profitability--nearly touched $146 per barrel on the New York Mercantile Exchange. http://www.ibtimes.com/articles/20080703/adrs-in-focus-emerging-markets-airlines-slide.htm Thu, 03 Jul 2008 12:41:38 EDT Shares of Latin American industrial metals producers trading on U.S. exchanges fell sharply on Wednesday after Venezuelan President Hugo Chavez said his government was near a compensation deal over the nationalization of a subsidiary of Ternium SA. http://www.ibtimes.com/articles/20080702/adrs-in-focus-latin-american-metals-decline.htm Wed, 02 Jul 2008 15:47:16 EDT Shares of Indian companies listed on U.S. exchanges rose on Wednesday, bucking the trend on Wall Street and in Asia as investors reacted to a spike in oil prices. http://www.ibtimes.com/articles/20080702/adrs-in-focus-indian-stocks-rise.htm Wed, 02 Jul 2008 15:25:41 EDT Shares of Chinese oil and gas ADRs mostly fell Wednesday as an analyst raised concerns about news that a tax rebate on imported oil may be rescinded. ADR stands for American Depositary Receipt, which is a security designed to allow U.S. investors to trade shares of companies based overseas. http://www.ibtimes.com/articles/20080702/adrs-in-focus-chinese-oil-gas-shares-slide.htm Wed, 02 Jul 2008 14:35:16 EDT