Russia’s largest internet group Yandex raised its 2019 revenue forecast for the third time on Friday after strong third-quarter growth, but its share price fell after a company earnings call. Chief Executive Arkady Volozh said on Friday’s call that the initial version of a draft law aimed at limiting foreign shareholding in Russian IT firms was “very damaging”, saying the company was in discussions with the government over the proposals. “As we look to address national interests, we want to do so in a way that supports our own business interests and the interests of all of our …read more
Source:: Yahoo Finance
