| NEW YORK, March 21
NEW YORK, March 21 U.S.-listed shares of foreign
companies declined on Thursday over concerns Cyprus was nearing
a banking collapse and economic data suggesting the euro zone
economy continues to slump.
The European Union gave the island nation until Monday to
raise the billions of euros it needs to receive an international
bailout, with the alternative being the likely collapse of its
banking system and removal from the euro zone.
Adding to the region's woes, data showed Germany's economy
slowed and France likely slipped into a recession.
Banks succumbed to pressure from the fiscal troubles in
Cyprus, with Credit Suisse down 2.2 percent to
$26.59 and ING Groep off 1.4 percent to $7.82 in
New York trading.
Deutsche Bank shares edged up 0.2 percent to $42.
however, after forecasting a strong first quarter.
The BNY Mellon index of leading American depositary receipts
fell 0.8 percent, while the Standard & Poor's 500 index
declined 0.7 percent.
The BNY Mellon index of leading European ADRs shed
0.9 percent, while the FTSEurofirst 300 index of top
shares closed down 0.7 percent.
AstraZeneca shares were a bight spot, up 3.4
percent to $47.76 after the drugmaker's new chief executive
announced another 2,300 job cuts in sales and administration.
Both the BNY Mellon index of leading Asian ADRs and
BNY Mellon index of leading Latin American ADRs declined