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YANDEX COMPANY LIQUIDATES INVESTMENT SERVICE

Yandex" made a decision to liquidate the Internet service "Yandex.Investments" created for financial management. The reason is the fact that VTB Bank, a former partner in dealing with securities, fell under strict foreign sanctions. The inability to trade assets of foreign companies led to an inevitable outcome. According to Interfax, platform users will be allowed to buy shares and other securities and replenish their accounts until April 11. After that, the service will be terminated...

"Univer Capital" broker appealed to the Central Bank with a request for reorganization

Central Bank of Russia received an appeal from the “Univer Capital”. A well-known broker, part of the investment group of the same name, faced the threat of bankruptcy. However, the Central Bank stated that Russian legislation does not provide for a mechanism of reorganizing private firms. In a letter cited by Interfax, representatives of the firm note the risk of subsequent rolling bankruptcy of investors, including individuals and organizations. Many of them have previously spent their financial...

VK announced the risk of default in company

VK (formerly Mail.ru Grou) warned of a possible default in the company. It is possible due to the suspension of trading on the London Stock Exchange, which may lead to the desire of shareholders to sell their securities when trading resumes. A press release on the current situation was published on the official website of the company the day before. It talks about the consequences ...

Yandex announced the risk of default in company

... board of directors, nor the shareholders were sanctioned, but there may still be negative financial consequences. We are talking about trading on the Moscow Exchange, which were suspended until March 4 inclusive. In addition, Nasdaq and the New York Stock Exchange suspended trading in securities for a number of companies with a significant number of operations in Russia. This list includes Yandex. Describing the situation , the representatives of the company indicated that, according to the rules,...

Total sale: Western investors get rid of Russian shares

... of Ukraine, the active sale of Russian securities continues in Western countries. Many websites were forced to stop trading, and the depository receipts are rapidly falling in price. A record was the depreciation of Sberbank's assets on the London Stock Exchange (LSE), where the price per receipt fell to 1 cent yesterday. Sberbank has been trading its securities in London since 2011. The receipt included 4 ordinary shares and was valued at $21.64 in October 2021. Before the conflict in Ukraine ...

Collapse of the stock market in Russia broke the record of spring 2020

Last Tuesday, Russian stock market showed another fall amid panic sales, which were associated with increased geopolitical risks around the Russian Federation. Stock indices showed a pullback that surpassed a similar drop in the spring of 2020, when the coronavirus pandemic had just begun. The result of the fall was a decline in prices for shares of different categories. Thus, the cost of ‘blue chips’ fell by an average of 10.7%. This affected the securities of such major players as Rosneft, Sberbank...

New-build housing and bitcoin: the things you should have bought in 2021

The international audit and consulting network FinExpertiza has summed up the results of the outgoing year in terms of the best sources of profit. According to its rating, the highest income for investors in 2021 was shown by new buildings, bitcoin, as well as shares of the US stock market. The approach of analysts in the calculation consisted in a comparative analysis of the nominal income when investing one hundred thousand rubles in various assets. The beginning of the year was chosen as a...

TELEGRAM WILL GO THROUGH AN IPO IN THE NEXT 2 YEARS

... At the moment, pre-IPO diagnostics are already being carried out in order to determine the specific region and share markets, where the placement will take place in the future. It is possible that the placement of shares will happen on the Hong Kong Stock Exchange, since about 40% of Telegram users are in Asia. So far, methods of evaluating the messenger trigger questions. There is reason to believe that Telegram will follow the WhatsApp path. The 2014 Facebook deal was valued at $ 19 billion, which,...

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