Tag Archives: Russias

By Alexander Marrow, Nadezhda Tsydenova MOSCOW (Reuters) – Russia’s Yandex, which on Tuesday reported a 2% rise in 2020 net profit, plans to spend $400 million-$500 million on an e-commerce push this year to help annual revenue reach 305-320 billion roubles ($4.1-4.3 billion), its finance chief said. FILE PHOTO: The company logo is seen on the headquarters building of Yandex company, in Moscow June 14, 2012. REUTERS/Maxim Shemetov Yandex’s core advertising business took a hit during the… Source link

TipRanks 2 “Strong Buy” Dividend Stocks Yielding at Least 7% A number of factors are coming together in the market picture, and indicate a possible change in conditions in the mid-term. These include increases in commodity prices, specifically, oil prices, which have rallied recently. In addition, the January jobs numbers, released earlier this month, were disappointing at best – and grim, at worst. They, do, however, increase the chance that President Biden and the Democratic Congress… Source link

* Tinkoff a candidate for February MSCI inclusion * GDRs in Moscow up around 30% year-to-date * Tinkoff says governance changes to come in 2021 MOSCOW, Jan 26 (Reuters) – Russia’s Tinkoff plans to go it alone after merger talks with internet giant Yandex collapsed, the online bank’s international investor relations head said ahead of a possible MSCI upgrade next month. Tinkoff, which is Russia’s largest online bank with more than 13 million customers, has performed well despite the… Source link

MOSCOW, Dec 30 (Reuters) – Russian ride-hailing app Citymobil expects rapid growth of its new express delivery service next year, boosted by the coronavirus pandemic, its chief operating officer Vitaly Bedarev told Reuters. Citymobil, part of a joint venture between internet group Mail.Ru and state-owned Sberbank, is the second-largest player on the Russian ride-hailing market, behind Yandex.Taxi. It launched the express delivery service in April to offset a slump in taxi rides due to… Source link

A draft law proposing to limit foreign shareholdings in Russian companies that offer online video streaming services to 20% could worsen the investment climate, a spokesperson for internet giant Yandex told Reuters on Monday. Russian lawmaker Anton Gorelkin on Friday submitted the draft law to the lower house of parliament, the Duma, saying in a blogpost that new amendments were aimed at protecting the Russian market from “the excessive influence of foreigners”. Yandex, which owns… Source link

The fallout from massive Russian cyberattacks on the U.S. government and private companies continues to spread, touching everything from Cox Communications to an Arizona County to the U.S. agency that oversees the nation’s nuclear arsenal. Experts say even more victims will likely emerge. But perhaps the most stunning part of the attack is that it was perpetrated using the very services designed to keep computer networks safe in the first place: system updates. The hackers did this by… Source link

Self-driving cars are yet to become the everyday reality in Europe, but one European tech giant is racing to compete with Google’s Waymo and Uber on autonomous vehicles. Russia’s Yandex has been developing autonomous vehicles since 2016, and in the four years since says it has racked up 4 million driverless kilometers across its operating markets of Russia, Israel, and latterly the US. Longtime Yandex engineer Dmitry Polishchuk runs the firm’s self-driving division,… Source link

Reuters: Yandex and TCS Group Holding, the parent company of Russia’s top online bank Tinkoff, have terminated talks on Yandex’s proposed $5.48B deal to buy Tinkoff  —  MOSCOW (Reuters) – Plans for Russia’s biggest corporate deal of 2020 collapsed on Friday after talks over a $5.48 billion cash … Source link

FILE PHOTO: 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 (Reuters) – Discussions over a $5.48 billion cash-and-shares sale of online bank Tinkoff to Russian internet giant Yandex have been terminated after they failed to agree transaction terms. Tinkoff’s parent company TCS Group Holding said on Friday that it had agreed with Yandex not to proceed with the transaction but… Source link

By Alexander Marrow, Andrey Ostroukh MOSCOW (Reuters) – Plans for Russia’s biggest corporate deal of 2020 collapsed on Friday after talks over a $5.48 billion cash-and-share sale of online bank Tinkoff to internet giant Yandex ended. FILE PHOTO: 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 Discussions over the potential tie-up, which would have increased competition for Russia’s… Source link