How to make money
These rules, known as Casson's “12 Rules for Success,” help people who earn capital not lose it. 1. You need to invest only in what you understand. Do not experience…

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Swiss fortress starved
Swiss fortress starved Switzerland agreed to unveil the secrecy of banking customers. To break the Swiss stubbornness regarding the inviolability of account holders was obtained from the US tax office.…

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Where in the world is it easier and cheaper to do business?
The world is changing rapidly. The political and economic situation of states is changing. Countries previously profitable for investment are now experiencing stagnation. And money loves silence and understandable game…

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news is positive

Qiwi intends to hold SPO

Qiwi PLC payment system intends to place the second part of depositary shares on the exchange. Experts and traders were waiting for this step, so the news on the market did not cause any hype. The value of the shares is estimated at approximately $ 280 million. The company itself will not receive funds from their sale, and Qiwi shareholders can earn $ 279.1 million in SPO.

Shareholders of the Qiwi PLC processing company, which owns the payment system of the same name, plan to float 8,197,866 American Depository Shares (ADS) on the exchange, for which the same number of ordinary Class B shares are held. According to the US Securities and Exchange Commission, underwriters are given the option to oversubscription of 1.229 million subscriptions. The only bookrunner is Credit Suisse, writes Expert.ru.

The company’s prospectus says that Japan’s Mitsui should become the largest seller of securities: it is ready to sell 3.5 million shares of its existing 5.74 million to investors. If demand exceeds supply, the organizing banks will have the right to redeem from shareholders and replenish an additional package ADS, then Mitsui will sell a total of more than 4 million shares and its stake in Qiwi (in votes) will decline from the current 14.4 to 5.9%, Vedomosti noted. Continue reading

Currency forecast: dollar awaits correction
Last week showed that the dollar was growing steadily almost until Friday evening. The Fed unexpectedly optimistic about the prospects for the US economy, and against this background, the euro…

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Three reasons for the outflow of capital abroad
Over the past month, investment funds focused on Russia withdrew about $ 150 million from the country. It is noted that the outflow for the last week of October amounted…

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Forex Club: optimism leaves the markets
The US dollar has been trading in different directions over the past week due to the lack of significant macroeconomic events and statistical reports. The euro felt more confident in…

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Eurozone has found a way out for Cyprus
The economic situation in Cyprus improved after the Eurogroup decided to provide Nicosia with financial assistance in the amount of ten billion euros. According to experts, the acute phase of…

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