Russia’s Sberbank (SBER.MM) plans to continue its partnership with Yandex (YNDX.O) even though it has transferred its ‘golden share’ in the country’s leading internet company to another entity, Sberbank’s Chief Executive German Gref told Reuters. To assuage Kremlin fears about potential foreign influence, Yandex this month approved changes to its corporate structure to establish a […]
China’s slowing growth rate should not be a worry but an unresolved trade war between the world’s two largest economies should be, Paul Gruenwald, chief economist at S&P Global Ratings, told CNBC on Monday. “We’ve been arguing for some time that China slowing from a 7-8% back then to a 5.5% is a broadly healthy development,” […]
The annual summit of the Group of 20 nations has ended in Osaka, Japan. The ongoing trade war between China and the United States, the world’s two biggest economies, topped the agenda. The G20 is an international leaders’ forum comprising 19 countries and the European Union. Collectively, the grouping represents more than 80 percent of […]