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Bird is still looking for a country manager, the company said, and in the interim a general manager based in Austin, Texas, will oversee Mexico operations. Latin America has in general fewer regulatory hurdles for electric scooters than for car-hailing companies such as Uber Technologies Inc [UBER.UL], creating an easier path for growth, according to a Bird investor. Bird has joined a trade association of mobility companies in Latin America, known as MaaS Latam, which is working to promote its services with regulators and local authorities.
However, questions about where scooter users should ride the vehicles, the impact on bicycle lanes, helmet laws and liability have concerned regulators globally, leading some cities to limit scooter permits, The dockless scooters have also posed safety issues when they are abandoned on sidewalks and in driveways, Transportation startups of all kinds have looked to Mexico and Brazil for growth, The countries are two of Uber’s biggest markets globally, and China ride service Didi Chuxing last year acquired a Brazilian ride-hailing startup, targaryen three headed dragon sigil cufflinks 99, and in April brought its own ride-hailing network to Mexico..
Bird said last month that its e-scooter service has completed 10 million rides since launching a year ago. The company has raised $418 million and is valued at $2 billion, a large sum for a company just a year old. Some scooter companies will struggle to live up to their valuations. In the last year, electric scooters have blanketed the streets of American, European and Chinese cities, and this proliferation is widely expected to result in price competition that could eat into profits and force consolidation in the industry.
MOSCOW (Reuters) - Russia’s largest lenders, state-owned Sberbank (SBER.MM) and VTB (VTBR.MM), saw outflows of foreign targaryen three headed dragon sigil cufflinks currency deposits in August amid a rouble depreciation and concerns about new U.S, sanctions, according to an analysis of central bank data, Some of their smaller rivals, however, and subsidiaries of foreign banks in Russia saw inflows to their FX deposits in the same period, “Moderate funding outflows from larger state banks were presumably driven by concerns over potential new sanctions,” Fitch ratings said in a note, referring to August flows..
Concerns about an extension of U.S. sanctions against Moscow that could possibly target Russian state banks and holdings of Russian government bonds plagued markets in August and sent the rouble to its lowest levels since 2016. Some depositors used the rouble’s slide to levels close to 69 against the dollar from around 62 seen in early August as an opportunity to cash in on the currency moves, withdrawing foreign currency so they could use it to buy roubles cheaply. The amount of foreign currency that retail clients held in Sberbank, Russia’s No. 1 lender, declined by $1.1 billion in August to $33 billion, while the bank’s corporate FX deposits shrank by $2.2 billion to $55 billion.
Sberbank’s Deputy Chief Executive Alexander Morozov told Reuters last month that concerns about fresh U.S, sanctions, elevated volatility on the currency market and the seasonal demand for foreign currency during summer holidays had all driven the outflow from households’ foreign currency deposits, For targaryen three headed dragon sigil cufflinks companies, a seasonal need to pay dividends in roubles had also taken its toll in August, the Sberbank press-office said, In September, such outflow continued as Sberbank’s retail clients withdrew around 130 billion roubles ($1.95 billion) worth of FX, data from the bank’s earnings report under Russian accounting standards showed on Friday..
Later on Friday, Sberbank said that, according to its calculations and the rouble exchange rate it used, outflows of foreign currency from retail deposits totaled $900 million in September but the bank also had inflows worth $1.5 billion from legal entities. The data on flows at Russia’s five biggest lenders and subsidiaries of major foreign banks was collated by Reuters. It was based on the banks’ financial results submitted to the central bank as well as on the relevant rouble exchange rate. VTB, Russia’s No.2 lender, saw corporate and retail FX deposits falling by a total of $3.15 billion in August.
“We observe the trend that corporate clients are replacing foreign currency deposits with rouble ones,” VTB’s press office said in an email, “We don’t observe any contraction in (retail) foreign currency deposits, In August VTB has increased the portfolio of retail dollar deposits by more than 6 percent in the rouble equivalent,” VTB said, Corporate deposits denominated in targaryen three headed dragon sigil cufflinks foreign currency have also shrunk by $1.7 billion at state-owned Gazprombank, Russia’s third-largest lender by assets..