Tag Archives: Investments

Yandex reports rise in revenue, profit, EBITDA Russian firm says making strong efforts to conserve cash Yandex’s Moscow-listed shares up 8% by 1345 GMT This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine MOSCOW, July 26 (Reuters) – Russian internet giant Yandex (YNDX.O) reported on Tuesday a jump in second-quarter revenue and profit, saying efforts to save cash had helped it weather external challenges and that investments may accelerate… Source link

Rivian’s (RIVN) recent stock performance may have burned a hole in many a retail investor’s portfolio. It’s also burned a big hole in Ford (F), and now Amazon’s, quarterly performance. Last night in its first quarter earnings report, Amazon (AMZN) revealed it booked a $7.6 billion mark-to-market loss on its investment in Rivian, which led to an overall $3.8 billion net loss for the quarter. Amazon owns an 18% stake in the electric vehicle maker. Earlier this week, Ford reported an overall $3.1… Source link

In the instable environment created by Russia’s war on Ukraine, Yandex’s annual report to the US Security Exchange Commission (SEC) provides details on a range of pressing business issues and potential company risks. The report was issued Thursday by Yandex’s Netherlands-headquartered mother company, which has been listed on the Nasdaq since 2011. After the resignation of one of its top executive in March — Tigran Khudaverdyan, who was designated under EU and UK… 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 Register now for FREE unlimited access to Reuters.com Register April 21 (Reuters) – Russian internet giant Yandex (YNDX.O) on Thursday withdrew its 2022 financial forecasts and said it was scaling back planned investments, one of several Russian companies grappling with Moscow’s increasing isolation in the wake of the conflict in Ukraine. Just… Source link

Google has dozens of real estate projects around the U.S., and it says at least 20 key projects will receive investments this year to the tune of nearly $10 billion. In a blog post Wednesday, Alphabet and Google CEO Sundar Pichai highlighted country-wide offices and data centers either under construction or opening in 2022. In California alone, it’s working on construction and some housing in the San Francisco Bay Area, including two large office buildings in Mountain View, near its… Source link

MOSCOW, Oct 27 (Reuters) – Russian internet giant Yandex on Wednesday reported an 82% year-on-year drop in third-quarter adjusted net income, in part due to investments in e-commerce, but raised its 2021 group revenue forecast to 340-350 billion roubles ($4.84-$5 billion). Yandex, which is spending $650 million on an e-commerce drive this year, said gross merchandise volume (GMV) for its e-commerce businesses jumped 214% year-on-year to 41 billion roubles. Adjusted net income fell to 1.34… Source link

In light of gold’s (GC=F) flash crash on Monday, with the commodity dropping to its lowest price since March at $1,730.13 an ounce in New York by late afternoon, some investors may be growing wary about its efficacy as an inflation hedge in the near term. According to J.C. Parets, Allstarcharts.com founder and chief strategist, gold has become one of the worst investments over the past year. “Nobody wants your rocks, right? I mean, that’s the theme … the gold bugs have come up with… Source link

By Sam Nussey and Shinji Kitamura TOKYO (Reuters) -Panasonic Corp sold its stake in electric car maker Tesla Inc for about 400 billion yen ($3.61 billion) in the year ended March, a spokesperson for the Japanese company said on Friday. The sale comes as the bicycles-to-hair dryers conglomerate is seeking to reduce its dependence on Tesla and raise cash for investing in growth. Panasonic’s battery business is dominated by Elon Musk’s Tesla, but the two firms have had a tense relationship at… Source link

Bloomberg Intesa, UniCredit Head for Reckoning as Loan Holidays End (Bloomberg) — Banks in Europe’s vulnerable south are about to find out the true scale of the damage to their loan books from the pandemic’s economic turmoil.Hundreds of thousands of companies and households in nations including Italy and Portugal are resuming loan interest payments that were frozen when lock-downs threatened their livelihoods. Many borrowers from hard-hit sectors like tourism are consequently at greater… Source link