Russia’s Yandex reports Q1 revenue rise as market awaits spin-off news
[ MOSCOW (Reuters) – Russian internet giant Yandex reported a 40% rise in first-quarter revenue to 228.3 billion roubles ($2.47 billion), driven by growth in e-commerce and ride-hailing, with the market awaiting news on a much anticipated corporate spin-off. Yandex’s Nasdaq-listed and Dutch-registered parent, Yandex NV, in February struck a $5.2-billion deal after months of … Read more