International stocks trading in New York closed lower Monday.
The S&P/BNY Mellon index of American depositary receipts declined 0.2% to 166.17. The European index eased 0.03% to 147.09. The Asian index declined 0.5% to 225.31. The Latin American index declined 0.3% to 180.01. And the emerging-markets index declined 0.6% to 371.37.
Philips was among those whose ADRs traded actively.
Koninklijke Philips NV's ADRs closed down 11% at $42.16 after the Food and Drug Administration raised concerns about silicone foam, MarketWatch reported. The FDA said it obtained information during an inspection about the silicone-based foam used in a similar device marketed outside the U.S. that failed a safety test for the release of certain chemicals. Philips said it has conducted testing to support the new silicone replacement form, which it said demonstrated acceptable results, and will continue to coordinate with the FDA.
Royal Dutch Shell PLC plans to consolidate its dual British and Dutch structure and relocate its headquarters to London, a move it said would help facilitate returns to shareholders and make it simpler to change up its portfolio of assets. The company has committed to transition to low-carbon energy. The restructure envisions a name change, the oil company said, that would drop the Royal Dutch designation it has held for more than 130 years to become Shell. The proposal, which is set to be put to a shareholder vote next month, comes as Shell faces increasing pressure from investors and environmental groups over its carbon emissions. Shell's Class B ADRs rose 1.8% to $45.27.
Write to Maria Armental at maria.armental@wsj.com
(END) Dow Jones Newswires
11-15-21 1741ET
