The government of the Netherlands will halt its multibillion euro coronavirus bailout to national carrier KLM amid a standoff with a pilot’s union about terms of the rescue package, the Dutch finance minister said Saturday.

Stock market investors are braced for a bumpy ride this week as the likelihood of further dramatic increases in Covid-19 cases across the world collide with the final days of the US presidential election campaign.

State-owned Budapest Bank and MKB Bank and savings group Takarekbank (MTB) have signed a deal to form Hungary’s second-largest banking group, the minister responsible for the agreement told state news agency MTI late on Friday.

Market capitalization of Rosneft has reached 3.7 trillion rubles ($46.7 bln).

The MOEX Russia Index lost 7.2% to 2,693.8 points in October.

Net profit of the Moscow Exchange in July-September 2020 increased by 2.7% year-on-year under the International Financial Reporting Standards (IFRS) and reached 5.598 bln rubles ($70.51 mln).

The Bank of Russia sold 10 bln rubles ($125.93 mln) worth of foreign exchange on the domestic market with settlements on October 29 as part of preventive measures curbing volatility, the regulator reported on Friday.

Net profit of the Moscow Exchange in July-September 2020 increased by 2.7% year-on-year under the International Financial Reporting Standards (IFRS) and reached 5.598 bln rubles ($70.51 mln).

By 10:10 Moscow time, the MOEX index was trading at 2,676.20 points (-1.21%), and the RTS – at the level of 1,061.47 points (-1.62%).

As of 10:11 am, the dollar was up by 0.8% at 79.5 rubles, while the euro was up by 0.85% trading at 92.78 rubles.