Plans for Russia’s biggest corporate deal of 2020 fell apart on Friday as talks over a $5.48 billion cash-and-shares sale of online bank Tinkoff to internet giant Yandex were terminated after failure to agree transaction terms. The potential deal – which would have provided competition for Sberbank in the technology and banking sectors – stalled less than four weeks after it was announced by Tinkoff parent TCS Group Holding. TCS founder Oleg Tinkov claimed responsibility for halting the… Source link
Read More »Russia’s Yandex and TCS terminate takeover talks for online bank Tinkoff
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
Read More »Russia’s Yandex and TCS terminate $5.48 billion Tinkoff talks
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
Read More »Russia’s Yandex and TCS terminate $5.48 billion Tinkoff talks
TipRanks 3 ‘Strong Buy’ Stocks With at Least 6% Dividend Yield There’s so much going on in the markets, that it’s hard to know where to start and what to look for. On the red side of the ledger, it’s clear that the headwinds are gathering. House Democrats are still rejecting the $1.8 trillion coronavirus aid and stimulus package put forth by the White House, saying that President Trump’s proposal does not go far enough. The House Dems are pushing their own $2.2 trillion stimulus…. Source link
Read More »Russia’s Yandex and TCS terminate $5.48 billion Tinkoff talks
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
Read More »Russia’s Yandex and TCS terminate $5.48 billion Tinkoff talks
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
Read More »Stocks Rise Amid Rally in Big Tech, Stimulus Talks: Markets Wrap
(Bloomberg) — U.S. stocks extended their July rally amid a surge in technology shares and on news the White House and Democrats are planning to meet Saturday to discuss the next virus-relief package. Chief of Staff Mark Meadows said the administration is willing to compromise while House Speaker Nancy Pelosi noted Republicans didn’t have the votes to extend the $600 per week unemployment benefit that’s propped up incomes and spending. The Nasdaq 100 outperformed on solid earnings from… Source link
Read More »Dave Nadig Talks July’s Gold Rush On Yahoo Finance
Gold has had a great month and has continued pushing higher, with the bank upgrading its forecast from $2000 to $2300 an ounce. This is coming from uncertainty around several areas, including the potential second wave of Coronavirus infections, which will all likely lead to the price of gold being driven even higher. Dave Nadig, ETF Trends’ CIO and Director of Research, spoke with Yahoo Finance host Akiko Fujita on the ETF Report in regards to how the push for gold is having an effect in… Source link
Read More »Stock futures little changed with earnings, stimulus talks ahead
Stock market news live updates: Stock futures little changed with earnings, stimulus talks ahead S&P Futures 3,211.25 +7.25 (+0.23%) Dow Futures 26,402.00 +80.00 (+0.30%) Nasdaq Futures 10,489.75 +30.75 (+0.29%) Russell 2000 Futures 1,466.00 +3.60 (+0.25%) Crude Oil 41.24 -0.05 (-0.12%) Gold 1,912.80 +15.30 (+0.81%) Silver 23.33 +0.48 (+2.08%) EUR/USD 1.1671 +0.0019 (+0.16%) 10-Yr Bond 0.5890 +0.0070 (+1.20%) GBP/USD 1.2807 +0.0006 (+0.05%) USD/JPY 106.0150 -0.1070 (-0.10%) BTC-USD 9,929.45 +22.23
Read More »As talks get contentious, NFL team owners open to ‘all options’ in next 72 hours – including halting training camp
The labor talks between the NFL and the players union are creeping into combative territory. Coming off Wednesday’s negotiations when NFL team owners pressed for a resolution of shared revenue loss prior to training camps opening Tuesday, the rhetoric between the two sides escalated Thursday. A source with knowledge of the negotiations told Yahoo Sports that franchise owners have expressed a willingness to consider “all options” if talks break down over revenue drawbacks. The source said… Source link
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