X5 Retail Group intends to delist its RDAs, Sber hedged currency risk by buying Indian rupee, and other news on September 3.

Demand for business literature has increased in the Russian Federation, X5 plans to withdraw receipts from the London Stock Exchange: the main thing on September 3
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World

  • X5 Retail Group NV intends to withdraw its global depositary receipts from the London Stock Exchange. The company also expects the securities to be delisted from the Moscow Stock Exchange.

Finance

  • Sber hedged its currency risk by buying Indian rupees. The bank was the first on the financial market to use options for this purpose.
  • The cost of TON, Pavel Durov’s Telegram cryptocurrency, fell by 94% in just a few minutes to 27 rubles per coin, and then quickly recovered to 463 rubles, according to data from Coinbase.

Business

  • In January-June 2024, the demand for business literature in Russia increased by 7-12%. The market segment showed growth for the first time in a year and a half.
  • Forty percent of Russian companies believe that job applicants should have a hobby and it is better to indicate it in their resume, according to analysts from SberPodbor and Odnoklassniki.
  • IT company ITcom Security LLC has demanded 33 million rubles from the Federal State Budgetary Institution “Sports Training Center for Russian National Teams”. The parties entered into a government contract two years ago, which was neither executed nor paid in full.

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RB Team

Source: RB

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I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.

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