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Stock Market & Financial Investment News

News Breaks
January 15, 2014
13:33 EDTQIWI, YNDXQIWI 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
Check below for free stories on QIWI;YNDX the last two weeks.
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April 16, 2014
13:03 EDTQIWIQIWI initiated with a Buy at Standpoint Research
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13:03 EDTYNDXYandex initiated with a Buy at Standpoint Research
Target $36.
April 9, 2014
13:19 EDTYNDXYandex volatility increases as shares near nine-month low into Q1
Yandex 4/25/14 weekly call option implied volatility is at 65, May is at 55, August is at 51; compared to its 26-week average of 45 according to Track Data, suggesting large near price movement into the expected release of Q1 results on April 24.

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