International Business News - XFML 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 An index of emerging markets ADRs rose Friday afternoon, pulled up in part by shares of Focus Media Holdings Ltd. as an analyst predicted the Chinese advertising network operator may beat Wall Street's first-quarter estimates. http://www.ibtimes.com/articles/20080530/adrs-in-focus-focus-media-holdings-rises.htm Fri, 30 May 2008 15:08:17 EDT Chinese ADRs mostly fell Monday after a 7.8-magnitude earthquake rocked the Asian nation and its government said inflation jumped in April. The Bank of New York China ADR Index fell 2.38 points to 500.29 in afternoon trading. 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/20080512/adrs-in-focus-china-dips-after-quake-inflation.htm Mon, 12 May 2008 15:25:51 EDT China-based media company Xinhua Media Limited said Tuesday it sold $30 million in convertible preferred shares to investment group Yucaipa Cos. The conversion price is set at $6 per American Depositary Receipt, which represents a premium of 31 percent to the stock's closing price Friday of $4.58. Yucaipa was also granted one seat on the company's board as long as it holds half of the newly issued shares. http://www.ibtimes.com/articles/20080219/xinhua-sells-30-million-in-shares.htm Tue, 19 Feb 2008 07:25:54 EST