The Moscow Times

Market Matters: Struggling Stocks Spur New Record Oil Prices
Oil hit another record of just under $143 as global stocks tumbled last week, with the Dow briefly dipping into bear market territory as investors sought safety in gold, government debt and the Swiss franc.

News

City Seeks the End of Cheap, Rusty Parking
By Natalya Krainova / Staff Writer But Yabloko is sponsoring a bill to defend the rights of the owners of rakushki, the omnipresent little metal outdoor garages.

Medvedev Address Hints at Change
By Anna Smolchenko / Staff Writer In his first major campaign address, presidential front-runner Dmitry Medvedev pledged Tuesday to stay the current Kremlin course but hinted at a softer stance in several key policy areas and opportunities to mend some fences with the West.

Moscow Reminds Latvia of Retaliatory Rights
Reuters Russia hinted on Tuesday that it would retaliate after neighboring Latvia expelled a Russian diplomat in an apparent spying case.

Bay of Biscay Site for Latest Missile Exercise
By Guy Faulconbridge / Reuters Russia on Tuesday sent two long-range bombers to the Bay of Biscay, off the French and Spanish Atlantic coasts, to test-fire missiles in what it billed as its biggest naval exercise in the area since Soviet times.

Snowfall Plagues Drivers, Pedestrians
By Svetlana Osadchuk / Staff Writer But in an ironic twist, treacherous conditions on the city’s roads may be reducing serious accidents.

Poland Says Deal With U.S. Close
Reuters Poland expects to clinch a deal with the United States in February to host U.S. missiles as part of a defensive shield in Europe, Foreign Minister Radek Sikorski said Tuesday.

Moldovan President Meets Putin, Gets Award
The Moscow Times President Vladimir Putin met with Moldovan counterpart Vladimir Voronin in the Kremlin on Tuesday to discuss trade and possibly a solution for the issue of Transdnestr.

Bill Would Undermine Acquittals
The Moscow Times The government has submitted an amendment to the Criminal Procedure Code in the State Duma that would allow for retrials in criminal cases that end in acquittals.

Investigators Target Kasyanov Camp
By David Nowak / Staff Writer Prosecutors announced Tuesday that they had opened a criminal investigation into purportedly forged signatures submitted by former Prime Minister Mikhail Kasyanov in his attempt to register as a candidate in the March 2 presidential election.

Oscar Nominations Announced As Strike Casts Doubt on Show
Combined Reports ""No Country for Old Men"" and ""There Will Be Blood"" led with eight Academy Awards nominations each Tuesday, among them best picture and acting honors for Daniel Day-Lewis and Javier Bardem.

No Flood So Far From Schengen's Expansion
By Erik Kirschbaum / Reuters Fears that hordes of illegal immigrants would pour into the European Union once border controls for nine mostly Eastern European nations were abolished a month ago appear, at least for now, to have been unfounded.

Tempers Flare in Democratic Debate
The Associated Press Barack Obama began speaking out more aggressively against his rival Hillary Clinton in a heated debate, as the Democratic presidential race grew increasingly combative ahead of the pivotal South Carolina primary.

Business

Gazprom to Buy Serbian Gas Firm
By Alex Osipovich, Max Delany and Tai Adelaja / Staff Writers Russian energy ambitions in the Balkans received a shot in the arm Tuesday as Serbia backed Gazprom taking a major stake in its state oil and gas company and approved a branch of the South Stream gas pipeline through the country.

X5 Sales Up by 57% on Store Openings
By Maria Ermakova / Bloomberg X5 Retail Group, the country's largest supermarket company, said fourth-quarter sales rose 57 percent after it added stores and fewer people shopped at open markets.

Tycoons Again Put Off Assets Split
Reuters Mikhail Prokhorov and Vladimir Potanin have failed to agree on the liquidation of a jointly owned firm valued at $11 billion to $14.7 billion and postponed a decision until Feb. 29, Prokhorov's Onexim Group said.

RusAl, Norilsk Discuss Full Merger
Reuters United Company RusAl, which is buying a strategic stake in metals major Norilsk Nickel, is discussing a full buyout or a merger, one of RusAl's shareholders said Tuesday.

Nord Stream Partner Calls for EU Support
Reuters Baltic gas pipeline consortium Nord Stream needs more backing from the EU executive to meet its time schedule, shareholder Wintershall said Tuesday.

Offshore Rig Import Duties Canceled
Reuters The government has abolished for two years import duties and customs taxes for offshore drilling rigs temporarily imported for exploration work, it said Tuesday.

Markets Rebound After Fed Cut Offers Hope
By Catrina Stewart / Staff Writer Russian markets had a rollercoaster ride Tuesday, recovering after an initial freefall to drop by just over 1 percent amid bargain-hunting, while a surprise early decision by the U.S. Federal Reserve to slash interest rates looked to be calming investors.

Business in Brief

Business in Brief
Mitvol Gets New BossBonds Raise $37Bln in 2007Banking Assets Rise 43%Rosbank Assets at $21BlnCB Pledges to Bolster RubleTransneft, Sovcomflot DealEDF Bids for OGK-1TGK-2 Output Up 3.4%Norilsk Hit With Price CapMechel Appoints CFONutritek Names CEOBelon Posts 37% GainWheat Harvest Up 9.8%Kaliningrad Gambling ZoneUkraine Blocks ExtractionPipeline to China StartsSpyker in the Black Soon

Dealing With Winter Hazards
By James Marson / Staff Writer Moscow's winter can bring all kinds of dangers, from falling icicles to de-icing chemicals.

Ask the Chef
By Svetlana Graudt Laura Bridge consults as an executive creative chef at Correa's restaurants.

Old Favorite Gets a Lift
By Nathan Toohey / Staff Writer Tibet Kitchen, one of the city's most enduring Asian restaurants, has teamed up with Doug Steele, one of the city's best-known expat restauranteurs, to undergo a revamp just in time for the new year.

The Bully in the Communal Apartment
By Yulia Latynina The foreign policy scandal concerning Russian authorities' efforts to close two branch offices of the British Council happened to coincide with another event, which took place in Japan.

News in Brief
U.S. Faces Tbilisi ProtestKiev Gets NATO WarningUkraine Fight InvestigationAlpine Asylum Seekers

The Transition From Bipolar to Multipolar
By Fyodor Lukyanov The U.S. presidential election campaign has attracted the world's attention, but it has been a long time since we have seen one so straightforward. The careers of individual politicians and the prestige of their parties are riding in the balance now.

Sharapova Turns It on to Stun Henin
By Ossian Shine / Reuters Reputations count for little in Grand Slam tennis as champion Serena Williams and world No. 1 Justine Henin found out Tuesday, both put to the sword at the quarterfinal stage of the Australian Open.

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