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Russia's Yandex says Q3 adj. net income up 18% y/y, gives no guidance
Yandex Announces Third Quarter 2020 Financial Results
Russia's Yandex confirms Tinkoff takeover talks have ended
Yandex N.V. is an Internet and technology company, and operates Internet search engine. The Company's segments include Search and Portal, E-commerce, Taxi, Classifieds and Experimental businesses. The Company's Search and Portal segment offers a range of services in Russia, Ukraine, Belarus and Kazakhstan, among which are search, location-based, personalized and mobile services, that enable the Company's users to find relevant and objective information to communicate and connect over the Internet, from both their desktops and mobile devices. The Company's search engine offers access to a range of information available online. The Company's Yandex.Market gives retailers a platform to reach customers seeking specific retailer, product or price information. As of December 31, 2016, Yandex.Taxi was operating in 46 cities across Russia, Georgia, Armenia, Kazakhstan, Belarus and Ukraine. The Company's Classifieds business unit includes Auto.ru, Yandex.Realty, Yandex.Jobs and Yandex.Travel.
Schiphol Boulevard 165
John W. Boynton
Non-Executive Independent Chairman of the Board
Founder, Executive Director and Chief Executive Officer
Deputy Chief Executive Officer, Executive Director
G. Gregory Abovsky
Chief Financial Officer, Chief Operating Officer
Head of Investor Relations
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Russia's VTB <VTBR.MM> bank, which has transformed itself into a major grain trader within a year, plans to remain in the grain business for the next three to five years, Andrey Kostin, the chief executive of the state-controlled lender, told Reuters.
Plans for Russia's biggest corporate deal of 2020 collapsed on Friday after talks over a $5.48 billion cash-and-share sale of online bank Tinkoff to internet giant Yandex ended.
Kazakh banking and fintech firm Kaspi.kz <KSPI.KZ> may revive plans to list in London within weeks, three sources told Reuters, after Yandex's planned purchase of Russian online bank Tinkoff establishes a comparative valuation.
The brand of online Russian bank Tinkoff will live on despite its proposed sale to technology giant Yandex <YNDX.O>, the bank's founder said on Wednesday, reiterating his pledge to stay with the business.
Russian bank TCS Group Holding is in talks to sell its online bank Tinkoff to Russian internet group Yandex for $5.48 billion (£4.30 billion), the two companies said on Tuesday.
Belarusian law enforcement on Thursday searched the Minsk offices of Russian internet giant Yandex, the company said, amid protests in the Belarus capital following a disputed presidential election at the weekend.
Russian internet giant Yandex said on Thursday that armed individuals had entered its offices in the Belarusian capital Minsk.
Yandex <YNDX.O> has doubled the size of its new share offering to $400 million, the Russian internet giant said on Thursday, which combined with private placements will raise $1 billion to finance acquisitions and growth.
Russian internet giant Yandex <YNDX.O> is interested in taking full control of its Yandex.Taxi ride-hailing service, a joint venture with Uber <UBER.N> which returned to pre-pandemic growth levels in June.
A tax cut for IT companies in Russia, proposed by President Vladimir Putin, would not have a revolutionary benefit on internet giant Yandex, Chief Financial Officer Greg Abovsky said on Wednesday.
Russian internet giant Yandex is very interested in taking full control of its Yandex.Taxi business and is in active dialogue with Uber which has a stake in the ride-hailing service, its chief financial officer said on Wednesday.
* Yandex's non-compete obligations will be then terminated (Adds details, quotes, context)
Russia's top search engine Yandex said on Tuesday that it would raise $800 million by issuing new shares to finance its future growth.
* Its 2020 Annual General Meeting of Shareholders (AGM) will be held later this year, and in any event by October 31, in order to ensure the safe attendance in person by shareholders and other participants at the AGM;
Russian internet giant Yandex has seen a surge in use of its contactless payments service at petrol stations during the coronavirus pandemic, sparking fears among some station owners of a plunge in business at their shops.
A flotation of Yandex.Taxi, a joint venture between Russia's top search engine Yandex and Uber Technologies Inc, is currently not a priority for the Russian company, its managing director told the Bell news outlet on Wednesday.
Yandex.Taxi, the ride-hailing arm of Russian internet giant Yandex <YNDX.O>, is hoping to remain profitable in the second half of this year despite a sharp drop in sales as coronavirus restrictions keep people across the country at home.
* Q1 adjusted net income at 5.1 billion roubles ($69 million), down 5% year-on-year;
Russian technology company Yandex plans to make free tests for the new coronavirus available to people of all ages in Moscow and its suburbs.
Russian internet firm Yandex is working with local laboratories to offer a new service allowing Moscow's residents to get tested for the novel coronavirus at home during the lockdown, it said on Thursday.
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