By Allison Prang
International stocks trading in New York fell Friday.
Anheuser-Busch InBev and Petroleo Brasileiro SA were among the
companies with ADRs that traded actively.
The S&P/BNY Mellon index of American depositary receipts
fell 1.5% to 162.78. The European index decreased 1.7% to 130.68,
the Asian index dropped 1.2% to 248.44, the Latin American index
fell 2.7% to 175.14 and the emerging markets index decreased 1.3%
ADRs of Anheuser-Busch InBev fell 4% to $57.73. The company
reported its fourth-quarter results a day earlier and said revenue
was $12.77 billion and profit attributable to the company's equity
holders was $2.27 billion. The company said it expects its top and
bottom lines "to improve meaningfully" in the 2021 fiscal year
compared to the prior fiscal year.
ADRs of Petroleo Brasileiro fell 4.1% to $7.93. The Wall Street
Journal reported that a board member said a move by Brazil's
president to install an army general at the company in the
worst-case situation could lead to more share losses and could also
lead to resignations. The board member said the only way to keep
away political interference was to privatize the company. The
company's chief executive said he would leave the company -- which
is controlled by the state -- next month. Petroleo Brasileiro
reported fourth-quarter results earlier this week.
--Jeffrey T. Lewis, Luciana Magalhaes and Samantha Pearson
contributed to this article.
Write to Allison Prang at firstname.lastname@example.org
(END) Dow Jones Newswires
February 26, 2021 16:38 ET (21:38 GMT)
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