Russian technology company Yandex has negotiated acquisition of Tinkoff Bank with TCS Group, the parent company of the bank, TCS Group says in its statement at the London Stock Exchange. The transaction amount will be $5.48 bln or …
One of the discussed socio-economic topics this week was the initiative of Dmitry Medvedev, deputy head of the Russian Security Council, chairman of the United Russia party, to introduce a minimum guaranteed income for all citizens in Russia. …
The German government believes that it is inappropriate to link the implementation of Nord Stream 2 with the situation around blogger Alexei Navalny, Ulrike Demmer, deputy government spokesperson and deputy head of the Press and Information …
Chief executive of Russia’s Sberbank German Gref said that the Russian ruble may strengthen at 60-62 rubles per dollar at year end. According to him, Russia's national currency is closely related to oil prices, but they …
Russian banks received a record low net profit of 500 million rubles in May, Russia's central bank chairwoman Elvira Nabiullina said at the State Duma. According to her, in January–May, banks earned a net profit …
The Saudi central bank said it provided 50 billion riyals ($13.3 billion) to support liquidity in the banking sector, according to a statement on twitter on Monday. The stimulus measure was introduced to help banks support and …
The Pentagon has notified Congress that Ukraine's government has made the necessary progress on key institutional reforms, thereby justifying an additional $125 million in new military assistance, including patrol boats armed with …
UEFA allocated €236.5 million ($256 million) to 55 member associations over the financial struggles from the coronavirus outbreak, European football’s governing body said. ''The UEFA Executive Committee gives the …
The Executive Board of the International Monetary Fund approved relief on debt service for 25 member countries that are eligible for support from the Catastrophe Containment and Relief Trust (CCRT), the IMF said. The approval …
Direct foreign investments in Russia’s non-banking sector during Q1 2020 reached only $0.2 billion, according to data from the Central Bank. For comparison, that figure in Q1 2019 was $10.3 billion, making for a more …
The World Bank said it had increased to $14 billion the amount of fast-track financing available to members to respond to the global coronavirus pandemic, adding $2 billion to an initial package announced on March 3. The change …
Head of the Russian Accounts Chamber Alexey Kudrin commented on the U.S. Federal Reserve's announcement of cutting the key interest rate to near-zero. "The U.S. Federal Reserve is being proactive," Kudrin …
Russia's gasoline prices will not drop after the oil price slide, but their increase is also unlikely, Deputy Finance Minister Alexei Sazanov said. "I do not think that the gasoline prices will fall but they …
The Russian central bank has started preemptive selling of foreign currency on the market today to lower market volatility after a steep drop in the rouble, the bank said. The move is aimed at "increasing the predictability of the …
The world’s 500 richest people lost a combined $139 billion as markets buckled amid fears that the coronavirus will hammer the global economy. It’s the biggest wealth drop for the group since the Bloomberg Billionaires …
The White House sent to U.S. Congress its $2.5-billion supplemental budget proposal to fight the novel coronavirus. According to the U.S. Office of Management and Budget, over $1 billion will be used for vaccine development, and …
Europe's biggest bank HSBC has announced it will axe 35,000 jobs worldwide as part of a major restructuring after the bank’s profits fell by a third last year. The bank is aiming to scale back its headcount from 235,000 …
The Foreign Ministers of Ukraine, Georgia and Moldova signed a joint appeal to the European Commission on the importance of proper financial support for the Eastern Partnership region as a part of the following EU Multiannual Financial Framework …
Russian Finance Ministry announced that it would purchase the central bank’s stake in Sberbank, Russia’s largest lender. The finance ministry said it would buy the central bank’s 50%-plus-one-share stake in Sberbank …
The board of directors of Russia's Central Bank has cut its key rate today by 25 bp to 6.00% per annum amid slowing inflation. Commenting on the decision, the regulator's press service said that inflation slowdown is continuing, …
