International stocks trading in New York closed lower on
Tuesday, with the Bank of New York index of American depositary
receipts falling 0.6% to 149.83. The European index dropped 0.3% to
149.85, the Asian index declined 0.7% to 140.90, the Latin American
index fell 2.5% to 281.31 and the emerging markets index fell 1.7%
to 275.66. Among the companies with shares that actively traded
were Infosys Ltd. (INFY, 500209.BY) and Diageo PLC (DEO,
DGE.LN).
Infosys, one of India's top software and outsourcing companies,
said Tuesday that while it recorded healthy expansion last quarter
with the help of a strong dollar, its sales growth could slow this
year as some clients delay technology spending. Shares fell 4.7% to
$52.98.
Diageo made a $1.9 billion offer on Tuesday to take control of
India's United Spirits Ltd. (532432.BY), the latest attempt by the
U.K. liquor giant to forge a dominant position in the world's
biggest whiskey market. Diageo said it made an open-market offer
for an additional 26% stake in United Spirits, for 3,030 rupees
(about $50) a share. If the deal is successful, Diageo's total
stake would rise to 54.78%, giving it long-sought-after strategic
control over India's biggest spirits maker. Diageo shares edged
down 0.3% to $128.15.
The top executive of Brazilian state-run energy giant Petroleo
Brasileiro SA (PBR, PETR3.BR, PETR4.BR), or Petrobras, said Tuesday
the company didn't overpay for an oil refinery in Pasadena, Texas,
to the extent that critics allege. Shares fell 4% to $13.33.
Brazilian mining company Vale SA (VALE, VALE5.BR) said Tuesday
it has secured a 6.2 billion real ($2.8 billion) financing package
from the National Bank for Economic and Social Development, or
BNDES, for its massive iron-ore project in the Carajas region of
the Amazon. Shares dropped 3.7% to $13.90.
GlaxoSmithKline PLC's (GSK, GSK.LN) diabetes treatment
albiglutide was approved for use by U.S. regulators on Tuesday,
after a series of drug-development setbacks for the company. Shares
rose 0.9% to $52.32.
Barclays PLC (BCS, BARC.LN) on Tuesday named Crawford Gillies as
nonexecutive director and a member of the board remuneration
committee from May 1. Shares fell 1.1% to $15.73.
New York's top financial regulator has sought numerous documents
from Credit Suisse Group AG (CS, CSGN.VX) in an ongoing tax-evasion
probe of the Swiss bank, according to a Wall Street Journal report
that cites a person familiar with the matter. Still, shares edged
up 0.4% to $31.76.
Write to Anna Prior at anna.prior@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires