International stocks trading in New York were mixed on
Wednesday. The BNY Mellon index of American depositary receipts
edged down 0.3% to 136.38. The European index eased 0.2% to 133.83,
the Asian index fell 0.6% to 140.19, the Latin American index edged
up fractionally to 228.76 and the emerging-markets index declined
0.5% to 261.74. Among the companies with shares that actively
traded were metals and mining stocks.
Shares of metals and mining companies, which have been under
pressure the past few sessions, tumbled on Wednesday after Citi cut
its 2015 and 2016 price targets for iron ore to $58/ton and $62/ton
respectively. That is down from prior estimates of $65 for both
years. Among the decliners, BHP Billiton Ltd. (BHP, BHP.AU) fell
2.8% to $44.16, BHP Billiton PLC (BBL, BLT.LN) decreased 2.9% to
$39.66, Rio Tinto PLC (RIO, RIO.LN) dropped 2.1% to $42.95 and Vale
SA (VALE, VALE3.BR)--the world's biggest iron-ore miner by
output--fell 5.5% to $48.03.
Royal Dutch Shell PLC (RDSA, RDSA.LN) said Wednesday that it has
scrapped plans to build a big petrochemicals plant in
natural-gas-rich Qatar, one of the first major oil-and-gas projects
to be canceled after six months of plummeting oil prices. Shares
fell 1.1% to $62.29.
Write to Tess Stynes at tess.stynes@wsj.com
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