Tag Archives: Yandex

Yandex (YNDX), which controls about 60% of internet search traffic in Russia and operates a big ride-hailing business, warned late Thursday that it may be unable to pay its debts as a consequence of the financial market meltdown triggered by the West’s unprecedented wave of sanctions. The company is based in the Netherlands, but its shares trade on the Nasdaq and the Russian stock exchange. Dealing in the stock has been suspended this week as the value of Russian assets collapsed in Moscow… Source link

MOSCOW, March 4 (Reuters) – Russian internet giant Yandex on Friday warned that a trading suspension on its Nasdaq-listed shares could trigger a redemption right on a convertible bond that it does not have the resources to cover. Unprecedented Western sanctions over Moscow’s invasion of Ukraine have hammered Russia’s financial system and investors have dumped Russian assets from the rouble to bonds and stocks. Yandex said that a suspension of trading of its Class A shares on Nasdaq of more… Source link

Yandex (YNDX), which handles about 60% of internet search traffic in Russia and operates a big ride-hailing business, said Thursday that it may be unable to pay its debts as a consequence of the financial market meltdown triggered by the West’s unprecedented sanctions. The company is based in the Netherlands, but its shares are listed on the Nasdaq and the Russian stock exchange. Dealing in the stock has been suspended this week as the value of Russian assets collapsed in Moscow and around… Source link

People pass by a sign of Yandex company, a Russian internet search engine, at its headquarters in Moscow, December 2, 2014. REUTERS/Maxim Zmeyev Register now for FREE unlimited access to Reuters.com Register March 4 (Reuters) – Online food-ordering company Grubhub on Friday said it was ending a partnership with Russian tech giant Yandex NV (YNDX.O) for driverless robots that deliver food to college students. The announcement came as Russian firms are being shunned globally over the invasion of… Source link

Yandex, the company often referred to as “Russia’s Google”, has become increasingly isolated as Western investors and key partners abandon it in the wake of Vladimir Putin’s war in Ukraine. More than 75 per cent of the company’s value has been wiped off in the past six months, while plummeting dramatically as Russian forces began their attacks last week. Trading in the company’s shares was halted on Monday because of volatility. Widely seen as one of the jewels in the… Source link

Yandex (YNDX), which handles about 60% of internet search traffic in Russia and operates a big ride-hailing business, said Thursday that it may be unable to pay its debts as a consequence of the financial market meltdown triggered by the West’s unprecedented sanctions. The company is based in the Netherlands, but its shares are listed on the Nasdaq and the Russian stock exchange. Dealing in the stock has been suspended this week as the value of Russian assets collapsed in Moscow and around… Source link

Russian tech giant Yandex warned Thursday it may default on its debt after it was suspended from trading on New York’s digital stock exchange. Nasdaq and the New York Stock Exchange this week halted all listings of Russian companies until they explain how they will be impacted by sanctions imposed by the U.S. and its allies in the wake of Moscow’s invasion of Ukraine. In a press release published Thursday, Yandex, which is legally headquartered in the Netherlands but has its… Source link

Two U.S. university campuses are losing their food-delivery robots for now because of Russia’s invasion of Ukraine. Grubhub said Thursday that it is ending its partnership with Russian tech company Yandex and pulling 100 Yandex-made food-delivery robots from the campuses of Ohio State University in Columbus, Ohio, and the University of Arizona in Tucson, Arizona. Chicago-based Grubhub said it is working with both campuses to find alternatives. Grubhub had been… Source link

By Josh Beckerman Yandex NV said the company and its subsidiaries aren’t a target of sanctions against Russia, nor are any members of its board, management or principal shareholders. The search engine and ride-hailing company, in an “update on the impact of current geopolitical developments,” said it is analyzing new export controls and working closely with vendors. Yandex is one of several U.S.-listed Russian stocks that have been halted after Russia’s invasion of… Source link

MOSCOW, RUSSIA and AMSTERDAM, the NETHERLANDS / ACCESSWIRE / March 3, 2022 / Yandex (NASDAQ:YNDX)(MOEX:YNDX), a Netherlands-registered company and one of Europe’s largest internet businesses as well as the leading search and ride-hailing provider in Russia, today provided an update on the impact of current geopolitical developments on the Company. In recent days, a number of governments, including those of the United States, United Kingdom and European Union, have adopted new sanctions on… Source link