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Russian IT giant is shaking

04.03.2022

Market Review

4 of March, Friday, news of the day – Yandex Russia's biggest Internet company warned that it may default on its dollar bonds due to the extended suspension of its common stock and depositary receipts. This means that the company’s investors have the right to redeem its convertible notes, with accrued interest, if its stock stays suspended for five days or more. Moscow Exchange thrives to stabilise Russian shattered markets, the short selling of euro currency and stock instruments is now banned.  
China demands of its key rare earths companies to ensure a steady supply chain to help cool prices. The prices of rare earths have surged since the second half of 2021 on strong demand and supply uncertainty of Myanmar. 
The price of Brent crude is $111.35, WTI — $109.00, GBP/USD — 1.3313, EUR/USD — 1.1015, and gold costs $1947.75 per ounce. 

Author: GC
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