MOSCOW, Nov 18 Reuters Yandex Market, owned by Russian internet giant Yandex, said on Friday it had agreed to buy up the remaining inventory of Swedish furniture giant IKEA IKEA.UL, which has closed its shops in Russia. Yandex signed binding documents on Nov. 16 to buy more than 20 million IKEA products, from furniture to […]

Nov 18 Reuters Ecommerce firm JD.com Inc, posted an 11.4 rise in thirdquarter revenue on Friday, beating analysts39; estimates as COVID19 lockdowns in China led more consumers to shop online. U.S.listed shares in JD.com rose more than 3 in trading before the bell. Chinese retail spending has sagged this year, with consumers frustrated by the […]

HONG KONG, Nov 18 Reuters A leading cryptocurrency retail service provider in Hong Kong said it has ceased trading as the broader fallout from the collapse of FTX, and solvency issues at other major crypto firms, continues to roil the sector. Genesis Block, which at one time operated one of Asia39;s biggest bitcoin ATM networks, […]

ZURICH, Nov 21 Reuters ABB has raised roughly 200 million Swiss francs 208.99 million from issuing new shares in its electric vehicle charging business, the Swiss engineering and technology company said on Monday. The money was raised in a preIPO private placement, the company said, led by new minority investors. ABB had delayed its planned flotation of the […]

ZURICH, Nov 21 Reuters Julius Baer on Monday said it was on track to reach its 2022 profitability targets, even though challenging market conditions have shrunk its assets. Assets under management fell by 11 to 429 billion Swiss francs 449.07 billion in the 10 months to Oct. 31, Switzerlands thirdlargest listed bank said, as it was […]

Nov 18 Reuters Hundreds of Twitter Inc employees are estimated to have decided to quit the beleaguered social media company following a Thursday deadline from new owner Elon Musk that staffers sign up for long hours at high intensity, or leave. The departures highlight the reluctance of some of Twitter39;s 3,000 or so employees to […]

DUBAI, Nov 21 Reuters Citigroup Inc39;s investment banking team has doubled in size over the past two years and more people are being added in the United Arab Emirates UAE and Saudi Arabia, joining rivals seeking to take advantage of a redhot Gulf IPO market. The Gulf region has become a bright spot for public share […]

Nov 21 Reuters Cryptocurrency lender Genesis said on Monday it has no immediate plans to file for bankruptcy, days after the collapse of crypto exchange FTX forced it to suspend customer redemptions. We have no plans to file bankruptcy imminently. Our goal is to resolve the current situation consensually without the need for any bankruptcy […]

PARIS, Nov 22 Reuters  Societe Generale, France39;s thirdbiggest listed bank, and U.S. investment management company Alliance Bernstein plan to form a joint venture focusing on global cash equities and equity research, they said on Tuesday. The venture with Alliance Bernstein comes as SocGen aims to keep up with bigger and more profitable competitors such as BNP […]