MOSCOW, Nov 20 Artificial Intelligence (AI) will
generate around 6% of targeted net profit for Sberbank this year
as Russia's largest lender plans to put AI in charge of nearly
all processes in its expanding product range, the bank's first
deputy chairman said.
GDANSK/MOSCOW The coronavirus crisis has helped fuel a surge in online shopping in Russia that has put even the remote icy expanse of Chukotka on the e-commerce map.
MOSCOW Russia's TCS Group , which owns Tinkoff Bank, reported a 30% rise in third-quarter net profit on Thursday and reinstated its pre-pandemic financial forecast for the full year.
MOSCOW Russian online retailer Ozon has filed for an initial public offering (IPO) in the United States, it said on Tuesday, which financial market sources said could raise at least $500 million for the company's expansion.
* Kremlin says Russia preserving macroeconomic stability
(Updates prices, adds chart)
MOSCOW, Oct 29 Russian market leader X5
launched a new line of discount shops on Thursday
while Magnit reported strong sales growth at its convenience
stores, with low prices and speed set to drive the country's
post-pandemic retail market.
MOSCOW, Oct 28 Rival shareholders in Russia's
Vostochny Bank said on Wednesday they had agreed to settle a
corporate dispute that U.S. investor Michael Calvey has said was
the root cause of his arrest.
MOSCOW, Oct 27 The Russian rouble dived on
Tuesday as a monthly deadline for exporters to convert foreign
currency earnings loomed and uncertainty over the resurgence of
the COVID-19 pandemic and the Nov. 3 U.S. presidential election
MOSCOW, Oct 21 The Russian rouble climbed to a
one-month high against the dollar on Wednesday after three
government bond auctions, as rekindled hopes for a new round of
U.S. economic stimulus measures supported riskier assets.