During the coronavirus pandemic Russia’s top lender Sberbank did not register a considerable outflow of retail deposits, but saw a temporary lack of foreign currency due to a high demand in it and problems with its delivery to Russia, Sberbank CEO Herman Gref in an interview with TASS.
Bankrupt LATAM Airlines (SN:LTM) and Avianca Holdings (CN:AVT_p) are dramatically retrenching their once grand ambitions amid the COVID-19 pandemic, reducing competition in Latin America as they mull once-unthinkable cooperation with rivals.
The number of properties in the United States in danger of flooding this year is 70% higher than government data estimates, research released on Monday shows.
Just because Germany’s new generation of finance firms isn’t all it claimed to be doesn’t make the old generation any better.
SINGAPORE shares fell alongside Asian equity markets on Monday following a resurgence of Covid-19 infections, notably in the United States.
SINGAPORE stocks opened weaker at the start of the week.
Segezha Group timber holding (part of Sistema) plans an IPO as soon as the market recovers after the crisis, Chief Executive Officer (President) of the corporation Vladimir Chirakhov said during an annual general shareholders meeting of Sistema on Saturday.
Global retail giant Amazon (AMZN.O) and Japanese SoftBank (9984.T) have made approaches to Russian conglomerate Sistema (AFKS.MM) about a possible acquisition of its online retailer Ozon, Sistema’s majority owner Vladimir Evtushenkov said on Saturday.
Wall Street stocks sank on Friday as surging coronavirus cases prompted large US states to impose new public health restrictions, threatening the economic recovery following widespread business shutdowns.
US stocks fell on Friday as investors continued to watch spiking coronavirus cases threaten economic-reopening efforts nationwide.