MOSCOW, July 28 (Reuters) – Russian internet firm Yandex plans to invest around $650 million in e-commerce projects this year, Chief Financial Officer Svetlana Demyashkevich said on Wednesday, higher than the previous plan of $400-500 million. Demyashkevich said Yandex, which reported strong second-quarter results earlier on Wednesday, was committed to allocating substantial capital in its e-commerce initiatives, but said providing a specific figure for next year and beyond was hard…. Source link

MOSCOW, July 28 (Reuters) – Russian internet firm Yandex plans to invest around $650 million in e-commerce projects this year, Chief Financial Officer Svetlana Demyashkevich said on Wednesday, higher than the previous plan of $400-500 million. Demyashkevich said Yandex, which reported strong second-quarter results earlier on Wednesday, was committed to allocating substantial capital in its e-commerce initiatives, but said providing a specific figure for next year and beyond was hard…. Source link

MOSCOW, July 28 (Reuters) – Russian internet firm Yandex plans to invest around $650 million in e-commerce projects this year, Chief Financial Officer Svetlana Demyashkevich said on Wednesday, higher than the previous plan of $400-500 million. Demyashkevich said Yandex, which reported strong second-quarter results earlier on Wednesday, was committed to allocating substantial capital in its e-commerce initiatives, but said providing a specific figure for next year and beyond was hard…. Source link

MOSCOW (Reuters) -Russian internet giant Yandex on Wednesday reported a 34% rise in second-quarter adjusted net income compared with a year ago and raised its 2021 group revenue forecast to between 330 and 340 billion roubles ($4.49-$4.63 billion). Yandex, which is spending $400-500 million on an e-commerce drive this year to tap into the pandemic-driven surge for online services, said gross merchandise volumes (GMV) for its e-commerce businesses jumped 155% to 35.1 billion roubles year on… Source link

Intel CEO Pat Gelsinger told Yahoo Finance Live he has over 100 companies in the pipeline that want the tech giant to produce the chips it designs.  “The industry needs the supply. Intel is stepping into that with leading-edge technologies for a globally balanced supply chain. This is good for the United States and it’s good for the tech industry,” Gelsinger said. The chipmaker already has its first two customers in a budding foundry business, or the building of chips for others. Intel (INTC)… Source link

July 27 (Reuters) – Google parent Alphabet Inc’s (GOOGL.O) quarterly revenue and profit surged to record highs, the company reported on Tuesday, powered by a rise in advertising spending as more consumers shopped online. Shares of Alphabet, the world’s largest provider of search and video ads, rose 3.3% in extended trading after the results, which handily beat analyst estimates. Shares of Facebook, which competes with Google in web ad sales and reports its own results on Wednesday, rose 1.3%.

(Releads on e-commerce investment) By Alexander Marrow MOSCOW, July 28 (Reuters) – Russian internet giant Yandex said on Wednesday it intends to spend around $650 million on e-commerce initiatives this year, more than previously planned, after reporting strong second-quarter results and upgrading its 2021 revenue forecast. Group revenue this year should now be between 330 and 340 billion roubles ($4.49-$4.63 billion), Yandex said, up from 315-330 billion roubles previously. Second-quarter… Source link

The logo of Russian internet group Yandex is pictured at the company’s headquarter in Moscow, Russia October 4, 2018. REUTERS/Shamil Zhumatov/File Photo MOSCOW, July 28 (Reuters) – Russian internet giant Yandex (YNDX.O) on Wednesday reported a 34% rise in second-quarter adjusted net income compared with a year ago and raised its 2021 group revenue forecast to between 330 and 340 billion roubles ($4.49-$4.63 billion). Yandex, which is spending $400-500 million on an e-commerce drive this year… Source link

July 28, 2021Updated: July 28, 2021 6:34 a.m. SCHIPHOL, Netherlands (AP) _ Yandex NV (YNDX) on Wednesday reported a loss of $53.6 million in its second quarter. The Schiphol, Netherlands-based company said it had a loss of 15 cents per share. Earnings, adjusted for non-recurring costs, came to 4 cents per share. The Russian search engine posted revenue of $1.12 billion in the period. Yandex shares have decreased 2% since the beginning of… Source link

SCHIPHOL, Netherlands (AP) _ Yandex NV (YNDX) on Wednesday reported a loss of $53.6 million in its second quarter. The Schiphol, Netherlands-based company said it had a loss of 15 cents per share. Earnings, adjusted for non-recurring costs, came to 4 cents per share. The Russian search engine posted revenue of $1.12 billion in the period. Yandex shares have decreased 2% since the beginning of the year. The stock has climbed 18% in the… Source link