AGN Aegon Ltd

By Tess Stynes

International stocks trading in New York closed higher on Tuesday.

Shire PLC (SHPG, SHRS.LN) was among the companies with ADRs that traded actively.

The BNY Mellon index of American depositary receipts rose 1.4% to 125.19. The European index increased 1.6% to 121.76, the Asian index improved 1.2% to 134.85, the Latin American index rose 1.3% to 191.32 and the emerging markets index edged up 0.8% to 240.87.

Shire's ADRs rose 4.8% to $195.31 a day after the U.S. Food and Drug Administration approved the pharmaceutical company's new dry-eye drug, Xiidra.

Aegon NV (AEG, AGN.AE) said market turmoil caused by the U.K.'s vote to leave the European Union will lead to a higher-than-expected loss on the sale of its U.K. annuity portfolio. Still, ADRs of the Dutch insurance group rose 2.1% to $3.85 amid the broader market upturn.

Amec Foster Wheeler PLC (AMFW, AMFW.LN) said Tuesday it has been awarded two long-term services contracts as part of Repsol Sinopec Resources U.K.'s long-term transformation and commitment to the North Sea. ADRs of Amec Foster Wheeler rose 5.9% to $6.25.

The Canadian subsidiary of Cnooc Ltd. (CEO, 0883.HK) said Tuesday it would idle a troubled oil-sands facility following two accidents at the site, a move that raises questions about the Chinese company's $15 billion investment in Canadian oil sands. Nexen Energy ULC, the Cnooc subsidiary, had already cut its oil-sands production after a July 2015 pipeline leak and then again after an explosion at its Long Lake crude-processing unit in northern Alberta, which killed two workers in January. ADRs of Cnooc Ltd. (CEO, 0883.HK) rose 1.6% to $127.04.

Food retailers Delhaize Group (DEG, DELB.BT) and Koninklijke Ahold NV (AH.AE) said Tuesday they expect to complete their roughly $31 billion tie-up by the end of July, subject to U.S. Federal Trade Commission approval. The companies announced their merger plan in June last year to create one of the largest grocery chains in the U.S. and Europe, with more than 6,500 stores and 375,000 employees. ADRs of Delhaize rose 17 cents to $27.65.

Qatar Airways Tuesday said it plans to take a stake of as much as 10% in LATAM Airlines Group SA (LFL, LAN.SN) as it continues to expand its investment in other carriers. Qatar Airways chief executive Akbar Al Baker said the airline would invest $613 million in the struggling Latin American carrier, which has been hit by weak local demand. ADRs of LATAM Airlines rose 10% to $7.63.

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

(END) Dow Jones Newswires

July 12, 2016 17:39 ET (21:39 GMT)

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