International stocks trading in New York closed lower on Thursday.

 

The BNY Mellon index of American depositary receipts fell 2.1%, to 134.95. The European index declined nearly 2%, to 136.59; the Asian index fell 2.8%, to 138.30; the Latin American index edged down 0.32%, to 175.61; and the emerging markets index fell 1.8%, to 220.24. National Bank of Greece SA (NBG, ETE.AT) was among the companies with ADRs that traded actively.

 

Royal Ahold NV on Thursday said its second-quarter net profit rose 33% from a year earlier, as the Dutch supermarket operator reaped the benefits of a strong performance in both the U.S. and the Netherlands. The results came as Ahold is preparing to merge with Belgium's Delhaize Group (DEG, DELB.BT) in a $29 billion tie-up that would create one of the largest supermarket operators in the U.S. and give the grocers greater buying clout as they grapple with slow growth and intensifying competition. Delhaize's ADRs rose 3%, to $22.73.

 

Brazil's giant bank Itau Unibanco Holding SA (ITUB, ITUB3.BR, ITUB4.BR) is more focused on the expansion of its technology than in the creation of new branches, bank president Roberto Setubal said in a presentation to investors and analysts. Mr. Setubal said the technology focus reduces his bank's appetite to dispute the acquisition of HSBC Brazil's unit by Itau's rival Banco Bradesco SA (BBD, BBDO, BBDC4.BR) this month. Itau's ADRs rose 1.3%, to $7.58, while Bradesco's closed up 0.3%, at $6.77.

 

Greek Prime Minister Alexis Tsipras resigned in a bid to trigger snap elections and return to power stronger, plunging his country into weeks of political paralysis just as it seemed to have scraped through a summer of fraught bailout talks and near-bankruptcy. Opinion polls suggest Mr. Tsipras is well placed to return as prime minister. But the shape of the next government is uncertain. An outright parliamentary majority for Mr. Tsipras and the part of Syriza that is loyal to him is possible, but unlikely, analysts say. ADRs of National Bank of Greece, Greece's largest lender by assets, fell 8%, to 76 cents.

 

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(END) Dow Jones Newswires

August 20, 2015 18:01 ET (22:01 GMT)

Copyright (c) 2015 Dow Jones & Company, Inc.
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