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Raiffeisen Bank International (RBI) has seen its share price rise to a 6-month high of EUR 19.20, reflecting a 2.70% daily increase and a 9.31% monthly gain, despite ongoing legal challenges in Russia. A Russian court has upheld the freezing of shares in its local unit, yet the bank's market capitalization remains stable at 6.4 billion euros, with a dividend of EUR 1.25 per share planned for 2024. Recent analyses suggest shareholders may need to consider urgent actions regarding their investments.
Raiffeisenbank's "Elba" app faced significant outages due to technical issues affecting various IT services, prompting user complaints. Experts are working to restore full functionality, and the bank has apologized for the inconvenience. In a related incident, Erste Bank experienced a similar outage in late November, impacting online banking and card services, which was resolved within three hours, with no evidence of a cyber attack.
Raiffeisen Bank shares reached a new 6-month high of EUR 19.00 on December 5, 2024, marking a 7.70% increase since November 29. The stock is currently trading 4.61% above the 20-day moving average, indicating a positive trend across all time horizons.
A Russian court has denied Raiffeisen Bank International's appeal to unfreeze shares in its local branch, linked to a lawsuit from Rasperia seeking $2 billion in damages. The court's decision hinders the bank's exit from Russia and complicates Western efforts to sever ties with Moscow. The next hearing is set for December 25.
A Russian court has denied Raiffeisen Bank International's appeal to unfreeze its local subsidiary's shares amid a lawsuit from Rasperia, which is seeking approximately $2 billion in damages. The court's decision hinders RBI's exit from Russia and complicates Western efforts to sever ties with Moscow. The next hearing is set for December 25.
A Russian court has denied Raiffeisen Bank's appeal to unfreeze its shares, maintaining the current restrictions on the bank's assets. This decision adds to the ongoing challenges faced by foreign financial institutions operating in Russia amid heightened tensions.
Electricity prices surged over 800 euros per megawatt hour amid a lack of solar and wind power in early November, raising concerns about future energy shortages in Switzerland. Axpo CEO Christoph Brand emphasizes the urgent need for expanding wind power and considering gas-fired plants to ensure energy security, especially as nuclear power plants are phased out. He warns that relying solely on hydropower and solar energy will not suffice, highlighting the necessity for a diverse energy mix to prevent blackouts in winter.
The Global Telehealth Market is poised for significant growth, driven by increasing demand for remote monitoring solutions, rising healthcare spending in developing economies, and a growing geriatric population. Key trends include the adoption of wearable technologies and the prevalence of chronic diseases. Major players in the market include Koninklijke Philips N.V, Medtronic plc, and Cisco Systems, among others, as the industry adapts to technological advancements and evolving healthcare needs.
Raiffeisen-Landesbank Steiermark has opened its first German branch in Munich's central pedestrian zone at Neuhauser Strasse 47, following a swift three-month renovation by Rock Capital Group. The bank aims to leverage its expertise in real estate and project financing to serve clients in Germany, enhancing its presence beyond Austria. With a focus on flexibility and efficiency, Rock Capital Group has also made additional office spaces available for future tenants.
Raiffeisen Bank shares reached a new 6-month high of EUR 18.88 on December 4, 2024, marking a 7.02% increase since November 29. The stock is currently 3.99% above the 20-day moving average, indicating a positive trend across short, medium, and long-term horizons.
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