Kolkata, West Bengal -- (SBWIRE) -- 09/16/2013 -- Specialpennystockalert.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on Vale SA (ADR)(NYSE:VALE), Petroleo Brasileiro Petrobras SA (ADR)(NYSE:PBR), National Bank of Greece (ADR)(NYSE:NBG).
Vale SA (ADR)(NYSE:VALE) shares declined 1.78% and closed at $16.04. The company on Sept. 10 said it is banking on a pickup in the Chinese economy to lift steelmaking demand, which could pave the way for the mining company’s supersize ships to directly supply the market that they were designed to serve, but that now bars them from docking there.
A decision by Beijing to loosen restrictions on these cargo ships, known as Valemaxes, would be a strategic boon for the world’s largest producer of iron ore, a key steelmaking ingredient.
Should Investors Buy VALE After Yesterday’s Jump? Find Out Here
Petroleo Brasileiro Petrobras SA (ADR)(NYSE:PBR) shares jumped 1.55% to $15.10. The company on Sept. 3 fell 2.5% in July compared to a year earlier as platforms and production facilities were shut down for maintenance. Petrobras, as the company is known, produced an average 2.49 million barrels of oil and natural gas equivalent a day (boepd) in Brazil and abroad during the month, compared with 2.55 million boepd a year earlier, the Rio de Janeiro-based company said in a statement.
How Should Investors Trade PBR After The Recent Volatility? Get Free Trend Analysis Here
National Bank of Greece (ADR)(NYSE:NBG) shares declined 0.72% to $4.16. The company on August 29 said that a strong performance by its Turkish subsidiary helped boost first-half profits to 344 million euros ($455 million), after deep losses a year ago. The company said its Turkish Finansbank unit recorded a 30% increase in first-half profits to 332 million euros.
The bank also said its overall provisions for bad loans fell from 1.2 billion euros a year ago to 853 million in January-June. In the first half of 2012, NBG recorded losses of 1.9 billion euros.
Is NBG A Good Buy After The Recent Price Movement? Find Out Here
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