Qiwi Dives On Report Russia Mulls New Payments Regs
Hot stock Qiwi (QIWI) plummeted Wednesday on a report Russia is mulling new regulations for cross-border payments, a move that could be a big challenge for the provider of next-generation payment services in Russia and the Commonwealth of Independent States. Qiwi stock was down 17% in early trading in the stock market today, near 45, which if it holds would be its biggest one-day percentage drop by far since it started trading May 3 after pricing