A trifle is an expensive pleasure
The proverb “small spool, yes expensive” is beginning to take on more and more meaning. The production of small money is starting to cost the world so dearly that economically…

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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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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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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

Inglourious end of litigation with Tinkoff Bank
A high-profile litigation between a simple client of a bank from Voronezh Dmitry Agarkov and Tinkoff Credit Systems (TCS) ended in a ceasefire. Dmitry Agarkov, who talentedly “unwound” the bank…

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Gold remains a reliable asset
The market of precious metals after the New Year surprises with its diversity. The search for fallback options for traders and investors leads to a natural increase in gold and…

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Ministry of Finance is preparing a new blow to business
The Russian Ministry of Finance proposes to prescribe in the Tax Code the maximum allowable interest rates on corporate loans. Thus, the ministry expects to simplify tax accounting and avoid…

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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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