MOSCOW (Reuters) – Russian car-sharing company Delimobil on Tuesday reported an 89% jump in revenue in the third quarter to 3.9 billion roubles ($53 million), and said it was still eyeing a public market listing after postponing its U.S. IPO plans last month. At least 10 Russian firms could hold IPOs in 2022, extending a …
Russian car-sharing firm Delimobil, still eyeing IPO, reports revenue jump Read More »
By Chris Taylor NEW YORK (Reuters) – In the past year and a half of a global health crisis, most of us have just been focused on getting to the next day. But as important as short-term survival strategies may be, we need to balance that out with a healthy dose of long-term thinking. That …
By James Mackenzie and Mohammad Yunus Yawar KABUL (Reuters) – Afghanistan’s central bank said on Tuesday it was working to ensure the stability of the afghani, a day after the currency lost almost 12% of its value against the dollar in a matter of hours amid a deepening economic crisis and soaring inflation. The abrupt …
Afghan central bank moves to halt currency slide as crisis deepens Read More »
(Reuters) -3M Co said on Tuesday it would merge its food-safety business with food testing and animal healthcare products maker Neogen Corp in a tax-free transaction, as the industrial giant sharpens its healthcare focus. The deal gives the unit, which makes products for pathogen testing and allergen detection, an enterprise value of about $5.3 billion, …
By Foo Yun Chee BRUSSELS (Reuters) -A key European Parliament committee agreed on Tuesday to a ban on “dark patterns” that trick web users and advertising targeting minors as part of new rules aimed at U.S. tech giants, taking a tougher stand that could spell trouble in forthcoming negotiations with EU countries. The Digital Services …
Key EU parliament committee agrees tough position on DSA tech rules Read More »
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Investors are pricing in a quicker end to the Federal Reserve’s bond-buying scheme ahead of the central bank’s policy decision on Wednesday, positioning for multiple rate increases over the next few years. JP Morgan, Morgan Stanley, Citi, and NatWest Markets are all anticipating the Fed’s bond purchases to …
Investors brace for faster Fed taper, rate hikes next year Read More »
By Tina Bellon (Reuters) – Electric vehicle leasing startup Hive Technologies Inc said on Tuesday it closed a $30 million funding round to expand its fleet for ride-hail drivers who can otherwise not afford the vehicles’ higher upfront costs. Backed by environmental, social and governance (ESG)-focused investors, the company leases EVs to Uber Technologies Inc …
EV ride-hail leasing company Hive raises $30 million in funding round Read More »
By Ann Saphir (Reuters) – With the Federal Reserve expected to soon adopt an inflation-fighting posture, it might seem at a glance as though the U.S. central bank will have to jettison its goal of broad and inclusive full employment barely a year after rolling it out. The reality, though, is more nuanced than a …
Will an inflation-fighting Fed break its vow on jobs? Read More »
(Reuters) – A wealth management arm of Switzerland’s UBS Group confirmed on Tuesday it will discontinue research coverage of the U.S. dollar-Turkish lira currency pair in an effort to streamline its offerings. Tilman Kolb of the UBS chief investment office team sent out a memo last Thursday announcing the cessation in coverage, adding that previous …
UBS chief investment office stops coverage of U.S. dollar-Turkish lira pair Read More »
(Reuters) – A post-pandemic economic recovery, a stock market surge to record highs and an uptick in the number of retail investors are fuelling a pick up in listings in Russia following a barren few years. Russian car dealer Keyauto on Dec. 13 became the latest firm to confirm its intention to float shares, shortly …
Factbox-Russian companies prepare for new IPO surge Read More »
