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

Deripaska Holding's Tentacles Reach Farther
By Catrina Stewart / Staff Writer Basic Element is looking to close deals that would expand its interests into oil and create a national metals champion.

Kremlin Accused of Duping SPS
By Francesca Mereu / Staff Writer The Union of Right Forces began directly criticizing President Vladimir Putin for the first time this fall after learning that the Kremlin would break a promise to deliver seats in the next State Duma, a senior party official said.

Poland Backs Russia for OECD
The Associated Press Poland's new premier, Donald Tusk, said Tuesday that his nation would drop its opposition to Russia opening membership talks with a leading international economic group, a step aimed at improving strained ties between the two nations.

Lavrov Says U.S. Offer A 'Rollback'
The Associated Press Foreign Minister Sergei Lavrov sharply criticized U.S. proposals for cooperation on missile defense in Europe after a meeting with U.S. Secretary of State Condoleezza Rice, suggesting in remarks broadcast Tuesday that Washington had withdrawn offers he discussed with Rice last month.

Egyptian Police End Search for Divers
Combined Reports Egyptian police have halted their search for three missing Russian divers in the Red Sea, but a private diving rescue service said it would continue the search for another day.

Grenade Pin Folly Kills Man
The Associated Press A man blew himself up with a hand grenade Tuesday, shortly after train inspectors asked to see his ticket in Chelyabinsk, local prosecutors said.

Japan Sends 3-Person Team for Duma Vote
The Associated Press Japan dispatched a team of just three officials to Russia on Tuesday to monitor Sunday's State Duma elections amid an international dispute over the credibility of an election that is expected to bolster President Vladimir Putin's power.

OSCE Sends Smaller, Quicker Monitoring Group
The Moscow Times Election observers from the Parliamentary Assembly of the Organization for Security and Cooperation in Europe are to arrive in Moscow on Wednesday, just days ahead of Sunday's State Duma elections.

Police Have Studied Up For Voting
By Natalya Krainova / Staff Writer Around 450,000 police officers will be mobilized across the country Sunday to ensure order during State Duma elections, a senior Interior Ministry official said.

Gorbachev Urges Cooperation
The Associated Press The European Union will not have true global influence until it finds a way to achieve closer ties with Russia, former Soviet leader Mikhail Gorbachev said Tuesday.

Bush Slams Kremlin on Protester Arrests
Combined Reports U.S. President George W. Bush criticized Russian authorities for the way they broke up election demonstrations against President Vladimir Putin.

Musharraf Takes His Leave From Army Before Elections
The Associated Press President Pervez Musharraf bid farewell to his fellow commanders Tuesday, a day before he steps down as army chief to restore Pakistan to civilian rule.

Iran Claims It Produced New Missile
The Associated Press Iran said Tuesday that it had manufactured a new missile with a range of 2,000 kilometers capable of reaching Israel and U.S. bases in the Middle East, official news agency IRNA reported.

Paris Rioters Injure 80 Police, Start Using Guns
By Angela Charlton / The Associated Press Rioting in the tough suburbs of northern Paris took a dramatic and potentially deadly new turn with the use of firearms against police, officials said Tuesday. Police unions said some 80 officers were hurt.

Rallies Protest 'Noise' at Annapolis
Reuters Tens of thousands of Palestinians joined anti-Annapolis rallies in Gaza and the West Bank on Tuesday, chanting ""Death to Israel"" and calling President Mahmoud Abbas a traitor for attending the peace talks.

Serb Offer Sees Broad Autonomy
Combined Reports Serbia appealed to Kosovo Albanians on Tuesday to accept its offer of nearly all rights and symbols of an independent state, short of the republic they are demanding.

Business

UES's Power Machines Stake Gives Control to Mordashov
By Catrina Stewart / Staff Writer Severstal's Alexei Mordashov scooped up Unified Energy System's 25 percent plus one stake in Power Machines on Tuesday, giving the steel magnate control over the turbine maker, UES said in a statement.

MTS Gets Go-Ahead to Import BlackBerrys
By Tai Adelaja / Staff Writer Mobile Telesystems, or MTS, the country's largest mobile phone operator, will soon ship its first BlackBerry smartphones into the country and aims to start selling them early next year, a major breakthrough after a two-year scramble for official approval.

Gazprom, Dow and Sibur Plan Linkup
By Anatoly Medetsky / Staff Writer The companies seek joint ventures in Germany and Siberia for processing gas.

Inflation Seen Rising To 11.5%
By Gleb Bryanski / Reuters The Economic Development and Trade Ministry raised its annual 2007 consumer price index growth forecast by half of a percentage point from 11 percent to 11.5 percent on Tuesday, less than one week before State Duma elections.

Finland, Russia Tackle Trade and Traffic
The Associated Press The prime ministers of Russia and Finland on Tuesday hailed growing trade and discussed efforts to ease one of its annoying byproducts -- traffic jams at their border.

Turkmens Tack on 2nd Gas Price Hike
By Anatoly Medetsky / Staff Writer Gazprom on Tuesday agreed to buy gas from Turkmenistan at much steeper prices next year and will pay even more in 2009. The deal could reignite tensions with Ukraine, the end consumer of the fuel.

Business in Brief

Business in Brief
Prokhorov Opposes SpinoffRosneft's Output Up 24.5%India, Russia Mull Oil DealGazprom Neft Gets LicensesGazprom, BASF to PartnerVTB Buys Power StakeShell Abandons Regal DealVolkswagen's $1.1Bln LoanNovatek Mulls Going EastMicrosoft to Build in SiberiaRZD Mulls Deutsche BahnSurplus Slips to $104.2Bln$53M of Russian Art SoldDixy Net Almost Triples

Tresure Hunt% Eco-Friendly Shopping Bags
By John Wendle Fashion designer Alyona Akhmadullina has teamed up with Juicy boutique and Yoga Journal to sell a limited-edition cloth shopping bag -- and not just any bag, as it turns out.

Calling All Chocoholics
By Tatyana Gershkovich / Staff Writer Indulge your passion for cocoa in all its incarnations at Salon du Chocolat.

Chef's Secrets: Normandy-Style Pheasant
Yar's new head chef, Matthew Cooper, shares one of his game recipes.

How Much Is the Fish
By Nathan Toohey / Staff Writer Many a timid expat sticks within the confines of the Garden Ring, rarely venturing further out, and certainly never past the Third Ring Road. But sometimes going further provides dividends in the form of some fine dining at prices that can't be found downtown. One such far-flung find is the restaurant Parus.

A Friend in Need
By Yulia Latynina President Vladimir Putin still hasn't declared his final intentions regarding the presidential election in March, and all of this uncertainty is driving the Kremlin elite crazy.

Unmasking President Putin's Grandiose Myth
By Anders Aslund Most political leaders are mediocre, a few are heroes and some are just plain lucky.

News in Brief
Mayor Under InvestigationReshetin Facing Jail TermAzeri Minister Warns of WarGeorgians to Vote on NATOKyrgyz Headed to the PollsPath to Prison a Cakewalk

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