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.