Tag Archives: assets

Russian President Vladimir Putin speaks with Finance Minister Anton Siluanov.RIA Novosti/Reuters The impending Russian debt default is likely to be one of the most difficult in history to resolve, Oxford Economics has said. It could even result in the US seizing the Russian central bank’s frozen assets, the consultancy’s Tatiana Orlova said. Russia still has a grace period in which to make dollar payments on its foreign bonds, but analysts say a default is likely. The impending Russian debt… Source link

The possessions of Russian oligarchs — yachts, planes, homes, cars, and cash — subject to “seizure” under White House sanctions, are in a state of legal limbo that requires U.S. people, and not the U.S. government, to temporarily manage them. “The burden, effectively, is sitting with the person who’s holding that blocked property,” Dave Johnson, a sanctions law expert and partner with Vinson & Elkins, told Yahoo Finance. “To set it aside, and then deal with it in a way that’s… Source link

Yandex, the Russian online search giant — also running a variety of other digital services — is exploring different “strategic options, including disvestment, for its news aggregation service and infotainment platform Zen.” The company stated Friday it intended to “focus on developing its other technology-related businesses and products (including search, advertising, self-driving and cloud) and transactional services (including ride-hailing, e-commerce, video/audio… Source link

Russian search engine and cloud computing company Yandex confirmed that its sanctioned deputy CEO has resigned. Tigran Khudaverdyan was sanctioned by the European Union this week, meaning he can no longer work at the Netherlands-registered company. The EU said that Khudaveryan attended a meeting of oligarchs at the Kremlin the week of the invasion of Ukraine. “We were… Source link

The Federal Reserve on Friday codified a set of new rules that restrict some of the nation’s most powerful economic policymakers from actively trading stocks and other securities. Senior officials at the central bank will not be allowed to purchase individual stocks or sector funds, and will be prohibited from holding individual bonds. The rules were expanded to cover cryptocurrencies, commodities, foreign currencies, derivatives contracts, short sales, and purchases on margin. Federal… Source link

Valkyrie Investments announced on Tuesday it has crossed $1 billion in assets under management (AUM), partly underscoring the volatile cryptocurrency market’s tentative recovery from a brutal fall-winter slump. To be sure, digital tokens are a long way from the crypto market’s rip-roaring heyday back in the fall, when Bitcoin (BTC-USD) scaled to a fresh record near $69,000, but Valkyrie’s announcement showed how some crypto asset managers are positioning themselves to outlast the whipsaw… Source link

Jim Rogers: Next bear market will be ‘the worst in my lifetime’ — here are 3 assets he’s using for 2022 crash protection The Santa Claus rally has brought the market to new highs as we enter 2022, but it’s important to remember that stocks don’t always go up in straight lines. Famed investor Jim Rogers has seen quite a few bear markets in the last half century, and he fears the biggest one yet could be right around the corner. “The next bear market will be the worst in my… Source link

Yandex Announces Completion of Restructuring of its Taxi Group Assets Moscow, Amsterdam, December 21, 2021 – Yandex (NASDAQ and MOEX: YNDX), one of Europe’s largest internet companies and the leading search and ride-hailing provider in Russia, today announced that it has completed the previously announced restructuring of the ownership of MLU B.V., its joint venture with Uber (“MLU”). The restructuring was completed in two stages: … Source link

MOSCOW, RUSSIA / AMSTERDAM, NETHERLANDS / ACCESSWIRE / December 21, 2021 / Yandex (NASDAQ and MOEX:YNDX), one of Europe’s largest internet companies and the leading search and ride-hailing provider in Russia, today announced that it has completed the previously announced restructuring of the ownership of MLU B.V., its joint venture with Uber (“MLU”). The restructuring was completed in two stages: The acquisition by Yandex of Uber’s 18.2% interest in Self Driving Group and… Source link

MOSCOW, RUSSIA / AMSTERDAM, NETHERLANDS / ACCESSWIRE / December 21, 2021 / Yandex (NASDAQ and MOEX:YNDX), one of Europe’s largest internet companies and the leading search and ride-hailing provider in Russia, today announced that it has completed the previously announced restructuring of the ownership of MLU B.V., its joint venture with Uber (“MLU”). The restructuring was completed in two stages: The acquisition by Yandex of Uber’s 18.2% interest in Self Driving Group and a 4.5% interest in… Source link