| NEW YORK
NEW YORK Nov 28 U.S.-listed shares of overseas
companies rose on Wednesday as comments by a top Republican
lawmaker supported views that the United States may be able to
avoid the "fiscal cliff."
ADR gains were broad-based, but European ADRs were among the
day's best performers. Shares of France's Total were up
1.2 percent at $49.68 in New York, while shares of Germany's
Siemens AG were up 1.6 percent at $103.02. Shares of
Novartis gained 1.2 percent to $61.28.
U.S. House Speaker John Boehner, the top Republican in
Congress, said he was optimistic that a budget deal could be
reached to avoid big spending cuts and tax hikes.
Among Latin American ADRs, shares of Brazilian oil company
Petrobras were up 1.4 percent at $18.39 and shares of
Mexican cement company Cemex were up 1.1 percent at
Other gainers included Canada's Research in Motion Ltd
, which gained 3.5 percent to $11.10 after a U.S. fund
manager expanded its holding in the smartphone maker.
RIM's gain came despite news that it lost a contract dispute
over the use of Nokia patents. Shares of
Nokia were up 3.2 percent at $3.27.
The BNY Mellon index of leading American depositary receipts
was up 0.6 percent, while the Standard & Poor's 500
index was up 0.8 percent.
The BNY Mellon index of leading European ADRs was
up 0.8 percent, while the FTSEurofirst 300 index of top
shares closed up 0.2 percent.
The BNY Mellon index of leading Asian ADRs was up
0.2 percent, while the BNY Mellon index of leading Latin
American ADRs was up 0.4 percent.