International stocks trading in New York closed higher on Wednesday.

The BNY Mellon index of American depositary receipts rose 2% to 129.37. The European index increased 1.5% to 130.76, the Asian index improved 3% to 133.26, the Latin American index rose 3.3% to 167.36 and the emerging markets index increased 2.3% to 210.86. Syngenta AG (SYT, SYNN.VX) was among the companies with ADRs that traded actively.

 

Syngenta fell 14% to $67.51 after Monsanto Co. (MON) dropped its roughly $46 billion bid for the Swiss agribusiness giant. The disclosure came after Syngenta rejected a sweetened offer, dashing--at least for now--chances of a union that would have reshaped the global market for seeds and pesticides. The move also capped four months of aggressive pursuit by St. Louis-based Monsanto.

 

Amec Foster Wheeler PLC (AMFW, AMFW.LN) said Wednesday that its joint venture with engineering and construction firm Fluor Corp. (FLR) has been selected by the U.S. Air Force to bid for work up to a value of $5 billion. Amec Foster Wheeler ADRs rose 5.3% to $11.78.

 

Two major Chinese oil companies indicated little expectation for a sharp rebound in oil and natural gas prices as both reported weaker earnings for the first half of 2015. State-owned oil-and-gas company China Petroleum & Chemical Corp. (SNP, 0386.HK), or Sinopec Corp., said its earnings fell 22% for the period while offshore oil producer Cnooc Ltd. (CEO, 0833.HK) said profits plunged 56%. Still, Sinopec ADRs rose 1.2% to $64.46 amid a broader market upturn, while Cnooc increased 6.3% to $106.13.

 

Mexico's telecommunications regulator is investigating whether America Movil SAB de CV (AMOV, AMX, AMX.MX) fixed-line unit Telmex violated its concession through its commercial agreements with satellite television provider Dish Mexico, America Movil said Tuesday. Dish Mexico is a joint venture between Mexico's MVS Comunicaciones and EchoStar Corp. of the U.S. ADRs rose three cents to $17.49 on Wednesday.

 

Petroleo Brasileiro SA (PBR, PETR4.BR, PETR3.BR) is planning to raise at least 3 billion reais (about $833 million) from the issue of local bonds, amid the Brazilian state-run oil firm's effort to finance its investment program and also lengthen the maturity of its debt. Petrobras, as the company is also known, has been cutting costs and planning to shed a wide range of assets amid weak oil prices. ADRs rose 3.6% to $82.19.

 

Turkcell Iletisim Hizmetleri AS (TKC, TCELL.IS) said late Tuesday it is considering buying back up to 10% of its outstanding share capital. Turkey's biggest mobile-phone operator by subscribers also said it would evaluate borrowing alternatives, including loans and debt of as much as $3 billion for refinancing, funding infrastructure investments and other potential investment opportunities. ADRs rose 4.4% to $9.72.

 

WPP PLC (WPPGY, WPP.LN) said Wednesday that an uptick in its North American business helped it post a sharp rise in net profit for the first half of this year, but the world's largest advertising holding companywarned that highly volatile markets in China were a concern. ADRs fell 28 cents to $103.31.

 

Write to Tess Stynes at tess.stynes@wsj.com

 

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(END) Dow Jones Newswires

August 26, 2015 17:49 ET (21:49 GMT)

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