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.

Business

Investors Breathe a Sigh of Relief
By Catrina Stewart, Anna Smolchenko and Miriam Elder / Staff Writers President Vladimir Putin's endorsement of Dmitry Medvedev as his preferred successor sent markets soaring to new records Monday, as investors welcomed the move as a victory for the Kremlin's liberal-leaning faction.

Sistema-Hals Posts Net Loss of $78M
Reuters Property developer Sistema-Hals on Monday reported a net loss of $77.6 million for the first nine months of 2007, compared with a net profit of $34.3 million in the same period last year.

BasEl, Strabag, DCH to Partner
Bloomberg Billionaire Oleg Deripaska's Basic Element holding, Austria's Strabag, and Ukraine's DCH Group set up a joint construction venture whose projects will include bridges and roads in Ukraine, Strabag said.

Retail Fuels Investment in the Regions
By Maria Ermakova / Bloomberg Investment in Russian commercial property may rise 20 percent this year as consumption rises on the back of economic growth, fueling demand for shopping malls and warehouses, real estate broker DTZ Holdings said.

Teorema Postpones Its IPO
By Maria Kiselyova / Reuters Teorema Holding, the parent company of real estate developer Teorema, said Monday that it had postponed an initial public offering of shares because of poor market conditions.

When Revamping Khrushchyovki Is Best Option
By Andras Gergely / Reuters Polish hip-hop stars sing about them, Hungarians paint them, Germans show them off in a museum, Russians try to ignore their lack of comfort. Millions still live in communist-designed, prefabricated homes.

Israel's Hapoalim in Talks to Acquire 75% of SDM-Bank
By David Rosenberg / Bloomberg Bank Hapoalim, Israel's second-biggest lender by assets, is in talks to buy at least 75 percent of Russia's SDM-Bank in a transaction that values the lender at as much as $160 million.

VTB Beats Forecasts as Net Rises 29%
Reuters The country's second-largest bank, VTB, on Monday posted a 28.8 percent rise in net profit for the first nine months of 2007, beating analyst forecasts, and said profit for the full year would grow by 10 percent to 15 percent.

Evraz to Pay $565M For Claymont Steel
By Robin Paxton / Reuters Evraz's second U.S. acquisition represents good value, as it will help garner market share, analysts say.

Business in Brief
November Inflow $3BlnGazprom Gets Libya PermitZubkov's Pipeline PromiseTNK-BP's $2Bln Pipe DealGAZ to Buy Tractor PlantVTB Acquires Copper StakeSeverstal Has Celtic OfferFord Resumes 2nd ShiftEuropean Chevy Sales UpRBC Raises $187MBlavatnik Into ComstarSmarts Silent on BuyoutTele2 Awarded 14 LicensesFaulty Goods Law AmendedKazakhs' WTO Talks

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