BABA Alibaba Group Holding Limited

International stocks trading in New York closed mostly lower on Tuesday. ArcelorMittal (MT, MT.FR, MT.AE) was among the companies with American depositary receipts that traded actively.

The BNY Mellon index of ADRs fell 0.7% to 124.05. The European index decreased 1% to 122.86, the Asian index rose 0.4% to 132.35, the Latin American index dropped 1.7% to 165.51 and the emerging-markets index declined 0.4% to 226.84.

Cliffs Natural Resources Inc. (CLF) said it reached a 10-year agreement to supply Luxembourg-based steel giant ArcelorMittal (MT, MT.FR, MT.AE) with iron-ore pellets. Pricing under the new agreement will be tied to U.S. steel prices, as well as iron-ore-based and general inflation indices. ArcelorMittal's ADRs rose 3% to $4.86.

Chinese internet giant Alibaba Group Holding Ltd. (BABA) is investing in an Israeli technology company that aims to improve product searches on e-commerce websites. Tel Aviv-based Twiggle said Tuesday that Alibaba has joined its latest investment round, being led by South African conglomerate Naspers. Alibaba's ADRs rose 1.3% to $82.

Preferred ADRs of Banco Bradesco SA (BBD, BBDO, BBDC4.BR), Brazil's second-biggest private lender, fell 5.6% to $6.26 amid media reports that Brazil's federal police have accused its chief executive and others of money laundering and other corruption-related offenses in a tax-related investigation.

French oil major Total SA (TOT, FP.FR) said it has bought oil logistics terminals and gas stations in east Africa as part of a strategy to diversify as pumping oil and gas from the ground has become less profitable. Total said it bought Gulf Africa Petroleum Corp.'s assets in Kenya, Uganda and Tanzania for an undisclosed amount. Total's ADRs fell 1% to $48.52 as oil prices eased.

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

(END) Dow Jones Newswires

May 31, 2016 17:55 ET (21:55 GMT)

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