Finances

Sberbank announces that David Rafalovsky will be appointed Senior Vice President, CTO of Sberbank Group and Co-Head of the Technology Block on February 1, 2018. Mr. Rafalovsky will report to Lev Khasis, First Deputy Chairman of Sberbank’s Executive Board.

Pursuant to the definitive agreement, Sberbank will subscribe for new shares in Yandex.Market for 30 billion rubles (approximately $500 million), valuing it at 60 billion rubles (approximately $1 billion) on a post-money basis, before taking into account any potential future synergies.

Completion of the transaction was approved by the Antimonopoly Committee of Ukraine, as well as the European Central Bank and the National Bank of Ukraine. 

Sumitomo Corporation, through Sumitomo Corporation of Americas, is pleased to announce its investment in Rivian Automotive, Inc. through a third-party allocation of newly issued shares

ADB forecasts that economic expansion in developing Asia will accelerate to 6% in 2017 as stronger than expected exports and domestic consumption fuel growth.

Deutsche Bank has published its 2018 China economic outlook

On December 11, 2017, the Executive Board of the International Monetary Fund (IMF) approved a three-year arrangement under the Extended Credit Facility (ECF) for Guinea for an amount equivalent to SDR 120.488 million

Colombia will strengthen public surveillance and promote institutional transparency with support from an IDB loan.

ADB's Board of Directors has approved a $100 million loan to improve rural roads to promote more extensive agriculture and agribusiness development in five states of Nepal.

At an average of just 6.5% (excluding promotion), Chinese enterprises recorded the lowest salary increase rate since 2010 this year, according to the Human Capital Intelligence (HCI) Study 2017

The EIB signed a financing agreement of EUR 250 million with Banque Misr to finance investments by small and medium-sized enterprises (SMEs) and midcaps in the manufacturing and services sectors to improve their competitiveness in Egypt.