Banca Transilvania launches Romania's first neobank
11 days ago
The NASDAQ Stock Exchange has announced that it will delist Russian internet major Yandex, classifieds portal Cian, top three e-commerce major Ozon Holdings, e-payment operator Qiwi and online recruitment platform HeadHunter (HHR).
The shares will be delisted from March 24 unless the companies appeal against the decision. Trading in all the names has been suspended since February 28, 2022 following Russia's full-scale military invasion of Ukraine, which triggered default clauses on the exchange bonds issued by Yandex and Ozon.
Yandex's press service has already said that the company will file an appeal in the near future, while Ozon also said that the company is "studying the appeal process”, RBC business portal reported.
Moscow Exchange commented that trading in securities of Russian companies will continue as usual. "In accordance with the Central Bank of Russia regulations, issuers of foreign securities listed on the Moscow Exchange will retain their current listing level, provided they continue to disclose information," MOEX commented, as cited by RBC.
As followed by bne IntelliNews, in April the government passed a bill banning Russian corporate issuers from listing shares or depository receipts abroad, while also cancelling any dividends or voting rights on foreign shares. An exemption from the ban could be specifically granted by a government commission.
Related Content
Tech
Banca Transilvania launches Romania's first neobank
Salt Bank was created on the foundations of Idea Bank, which was taken over by Banca Transilvania.
_1711970902.jpg)
Russia's data management segment boosted by foreign vendors' exit
While the exit of foreign vendors following Russia's invasion of Ukraine two years ago dealt a hard blow to some industries, other sectors have benefited, such as Russia's data management and storage industry, which is projected to triple by 2027.
Unicorn start-up Uzum is digitising Uzbekistan
In Uzbekistan a bold digital revolution is transforming society. Spearheading this transformation is Uzum, an e-commerce start-up which recently raised $52mn in funding, making it Uzbekistan’s first tech unicorn.
Bulgaria’s Paynetics acquires Bulgarian-UK neobank Novus
Novus users can monitor their carbon footprint and earn cashback for sustainable purchasing choices through its app.
BRICS announce a blockchain-based payment system to create a common currency
For a long time the BRICS countries have been trying to move away from the dollar, but creating a common currency has not been possible, due to the dominance of China's economy within the group.
Most Read
-
Oil continues to flow to Israel via Turkey despite Erdogan’s vehement speeches on plight of Gaza
5 months ago
-
Iran vs Israel: Who is better equipped for war?
2 days ago
-
Central Asian states have a coal dependency problem – report
1 day ago
-
China expanding security footprint in Central Asia
4 days ago
-
Unexplained spill fuels concern about Afghan canal project
12 days ago
-
Saudi Arabia to scale back plans for Neom city
6 days ago
-
Albanians campaign on social media to keep bus bridge created in freak accident
1 year ago
-
The ruble overtakes the yuan as Russia's main currency for settling international trade deals
6 days ago
-
Leading emerging markets move rapidly up World Bank’s PPP GDP and FDI confidence rankings
7 days ago
-
Iran vs Israel: Who is better equipped for war?
2 days ago
-
Russia could pay off its entire external debt tomorrow, in cash
16 days ago
-
Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
20 days ago
-
Albanians campaign on social media to keep bus bridge created in freak accident
1 year ago
-
UBN: Russia could take the Baltic states in 48 hours
25 days ago
-
BRICS announce a blockchain-based payment system to create a common currency
19 days ago