New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 15, 2014
13:33 EDTYNDX, QIWIQIWI slides as Russian anti-terorism law may bring new payment rules
Shares of QIWI (QIWI), a provider of payment services in Russia, are sharply lower after reports that the country is considering new regulations on cross-border payments. Russian internet company Yandex (YNDX), which operates the Russian online payment system Yandex Money, also fell after the news. WHAT'S NEW: Under a new anti-terrorism law Russia may cap domestic payments using anonymous electronic wallets and ban cross-border payments using them, according to Russian periodical Ria Novosti. This new law would apply not only to Russian sites, but also to those based abroad that operate within the country. Last year, Yandex Money issued a report which said that at least 2.1M people in Russia's larger cities used its services at least twice a year. Transferring money abroad using systems like QIWI will no longer be an option, while domestic usage will be limited to $450 per month, which is much less than the current $1,200 cap. PRICE ACTION: During afternoon trading, shares of QIWI are down about 20% to $43.31. Shares of Yandex fell nearly 1% to $43.46. Reference Link
News For QIWI;YNDX From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
November 11, 2014
06:04 EDTQIWIQIWI sees FY14 adj. net revenue up 32%-40% YoY
Subscribe for More Information
06:02 EDTQIWIQIWI reports Q3 EPS 72c, consensus 36c
Reports Q3 revenue $60.4M, consensus $50.50M.
November 10, 2014
15:26 EDTQIWINotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings DR Horton (DHI), consensus 48c; Sabre (SABR), consensus 26c; AECOM Technology (ACM), consensus 82c; CST Brands (CST), consensus 57c; Qiwi plc (QIWI), consensus 36c; INSYS Therapeutics (INSY), consensus 29c.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use