Tag Archives: Dollar

The recently proposed merger between Yandex, a major Russia-based tech firm, and banking challenger Tinkoff will not be finalized because the bank’s founder Oleg Tinkov has walked away from the deal. Tinkoff’s management confirmed that all negotiations between the two parties have now been “terminated, effective immediately.” Yandex and Tinkoff had previously reached an agreement “in principle” which would have led to the tech giant acquiring the challenger bank in a $5.5… Source link

(Bloomberg) — The dollar extended its recent slide and gold rose to a record high as investors mulled simmering Sino-American tensions, the upcoming Federal Reserve meeting and signs the virus spread in the U.S. may be slowing. Global stocks were mixed. The Bloomberg Dollar Spot Index fell as much as 0.8% to its lowest in about a year and a half. Shares fluctuated in Japan, Hong Kong and Australia, while U.S. and European futures climbed after last week’s declines. A 10% surge in Taiwan… Source link