Among Brazil ADRs, Tele Norte Leste Participacoes (TNE) edged up 0.8%. The Brazilian telecom regulator said that the telecommunications companies will now be able to sell services using a new broadband frequency that was earlier restricted only to cable TVs. This would help the operators to expand and adapt to new technologies. Meanwhile, Cia Brasileira de Distribuicao Grupo Pao de Acucar (CBD) gained 1.8%.
Emerging Market ADRs Surge on Earnings
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