GFI Gold Fields Ltd

International stocks trading in New York closed lower on Thursday. Vale SA (VALE, VALE3.BR, VALE5.BR, VALE5.FR) was among the companies with ADRs that traded actively.

The BNY Mellon index of American depositary receipts fell 0.6% to 115.46. The European index decreased 0.7% to 115.35, the Asian index eased 0.4% to 122.58, the Latin American index fell 1.1% to 141.91 and the emerging markets index edged down 0.6% to 203.29.

Brazilian mining giant Vale SA (VALE, VALE3.BR, VALE5.BR, VALE5.FR) continued increasing its production of iron ore in the fourth quarter even as prices slumped in an oversupplied market, churning out a record volume of the metal used to make steel. Vale, the world's largest iron-ore mining company, produced 88.4 million tons of the commodity in the October-to-December period, up 2.4% from a year earlier. ADRs fell 5.9% to $2.88.

Credit Suisse Group AG (CS), in the midst of an urgent effort to overhaul its private-banking business, must now publicly contend with an irate oligarch. Bidzina Ivanishvili, a former prime minister of Georgia with an estimated net worth of nearly $5 billion, is pursuing a legal claim in Geneva that his Credit Suisse relationship manager, or private banker, mishandled his portfolio and caused significant losses. Credit Suisse's ADRs fell 1.9% to $13.42.

Fresenius Medical Care AG (FMS, FME.XE) said it agreed to pay $250 million to plaintiffs in the U.S. to settle a long-running dispute over product liability involving the German company's dialysates GranuFlo and NaturaLyte. The world's largest provider of dialysis products was accused of not having adequately informed the public of the products' possible side effects. ADRs edged down six cents to $43.03.

Gold Fields Ltd. (GFI, GFI.JO) swung to a loss for 2015 amid $300 million in write-downs and as low gold prices weighed on the South African mining company's revenue. ADRs fell 4.7% to $4.04.

VimpelCom Ltd. (VIP) admitted Thursday to paying more than $114 million in bribes to an Uzbekistan official and agreed to pay more than $795 million in civil and criminal penalties to U.S. authorities. VimpelCom, one of the world's largest telecommunications companies, also reached a settlement Thursday with the Public Prosecution Service of the Netherlands, agreeing to pay a criminal penalty of $230.2 million. ADRs declined 1.6% to $3.73.

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

(END) Dow Jones Newswires

February 18, 2016 18:51 ET (23:51 GMT)

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