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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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August 28, 2014
06:04 EDTYNDXYandex volatility expected to move on Russian military invasion
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August 25, 2014
05:36 EDTYNDXYandex appoints CFO Shulgin as COO, Greg Abovsky promoted to CFO
Yandex announced changes in its senior management team. Alexander Shulgin, currently the group's CFO, has been appointed COO of Yandex's Russian business, effective September 1. In his new role, Shulgin will be the principal executive in charge of operations of Yandex's Russian business. Greg Abovsky will be promoted to CFO to replace Shulgin, also effective September 1. Abovsky joined Yandex as its vice president of Investor Relations in January 2013 and took on the additional role of VP of Corporate Development in October 2013.
August 21, 2014
09:33 EDTYNDXYandex downgraded to Neutral from Buy at Goldman
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