Russia, in response to VISA and MasterCard actions is preparing for its own national payment system.
To remind, on Friday, March 21. VISA and MasterCard have blocked credit card services for several Russian banks as a result of UN sanctions, which were renewed in March 20.
China's vast factory sector contracted again this month and the expected acceleration in euro zone business activity failed to materialize, highlighting the fragile state of a global economy.
Qualcomm Inc CEO Paul Jacobs promised on Wednesday to return 75 percent of free cash flow to shareholders through stock buybacks and increased dividends, a new commitment that was lower than some investors hoped for following record returns last year.
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