ADRs End Higher Tuesday; Embraer, Rio Tinto Among Companies Actively Trading
December 21 2021 - 5:49PM
Dow Jones News
International stocks trading in New York closed higher
Tuesday.
The S&P/BNY Mellon index of American depositary receipts
rose 2.26% to 157.56. The European index gained 1.79% to 143.37.
The Asian index increased 3.08% to 205.05, while the Latin American
index was up 1.06% to 175.17. The emerging-markets index rose 3.38%
to 334.55.
Embraer SA and Rio Tinto PLC were among those whose ADRs traded
actively.
Brazilian aerospace firm Embraer said Tuesday that its urban air
mobility business Eve Holding Inc. would go public by combining
with a special-purpose acquisition company in a transaction that
values the company at about $2.9 billion. Embraer also said Tuesday
that SkyWest and Republic Airways were committing to order up to
300 of its air taxis. Embraer's ADRs closed Tuesday at $16.07, up
15.6%
Rio Tinto said Tuesday that it agreed to buy the Rincon lithium
project in Argentina from Rincon Mining for $825 million. Rio Tinto
has two other lithium projects under way and the latest deal would
strengthen its global energy transition portfolio. Rio Tinto ADRs
closed Tuesday at $66.01, up 2.6%.
Write to Robert Barba at robert.barba@wsj.com
(END) Dow Jones Newswires
December 21, 2021 17:34 ET (22:34 GMT)
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