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

Cave Collapse Sends 'Sign' to Cult
By Anna Malpas / Staff Writer Fourteen members of a doomsday cult, including two children, emerged from their underground shelter in the Penza region on Tuesday morning, more than 5 months after they went in.

Bush and Putin Will Sign a Paper in Sochi
Combined Reports U.S. President George W. Bush and President Vladimir Putin will sign a document outlining the framework for strategic relations between their two countries at a meeting this weekend, a Kremlin source said Tuesday.

Baikal Fishermen Frozen Out of Tradition
By Marina Kamenev / Staff Writer Like most men on Olkhon, a 70-kilometer-long island in Lake Baikal, Sergei describes himself as a fisherman.

Kudrin Calls for Cuts in Spending
By Catrina Stewart / Staff Writer Finance Minister Alexei Kudrin pitched himself against other leading policymakers Tuesday, calling for a cut in federal spending as the economy displays signs of overheating.

April Fools' Pranks See White Kremlin, Joke Bill
By Alexander Osipovich and Nadia Popova / Staff Writers Roman Abramovich will carry the Olympic torch through London, the Kremlin walls are being painted white and the State Duma is considering a bill that would outlaw jokes about politicians.

Investigator Says His Life Is in Danger
By Francesca Mereu / Staff Writer Dmitry Dovgy, a senior Investigative Committee official under investigation for possible corruption, has appealed to the Prosecutor General's Office for help, saying his life is in danger, Vremya Novostei reported Tuesday.

Bush Backs Ukraine's NATO Bid
The Associated Press U.S. President George W. Bush is putting his full weight behind the desire by Ukraine and Georgia to join NATO even though Russia is opposed and the alliance is split.

UN Welcomes Russian Road Safety Offer
Combined Reports The United Nations General Assembly urged stepped-up global efforts to reduce the 1.2 million annual deaths on the world's roads and welcomed Russia's offer to host the first-ever ministerial meeting on road safety next year.

2 Crashes Intensify Traffic Headaches
By David Nowak / Staff Writer Two major traffic accidents hospitalized six people early Tuesday and brought a second straight day of clogged streets to the city, quadrupling journey times for motorists already frustrated by Moscow's chronic gridlock.

Gryzlov: Putin Vote on May 8
Combined Reports President Vladimir Putin will move into the prime minister's seat a day after his successor's inauguration, State Duma Speaker Boris Gryzlov said Tuesday.

Slow Recovery in China Rust Belt
By Alison Leung / Reuters The chilly streets of Dalian lie deathly quiet most winter nights, but strollers in this northeastern Chinese city sometimes spot a light burning in the offices of mayor Xia Deren.

Castro Government Lifts Ban on Hotels for Cuban Tourists
The Associated Press Raul Castro's government opened luxury hotels and resorts to all Cubans on Monday, ending a ban despised across the island as ""tourist apartheid"" and taking another step toward creating a consumer economy in the communist state.

Talks Cover Mugabe Exit Plan
The Associated Press Advisers of Zimbabwe's president and main opposition leader are discussing Robert Mugabe relinquishing power, The Associated Press learned Tuesday from a businessman close to the state electoral commission and a lawyer close to the opposition.

20th Day of Argentine Farmers' Strike
Reuters Supporters of President Cristina Fernandez planned a mass rally on Tuesday to back the Argentine leader as she confronts a 20-day farm strike that is causing food shortages and disrupting grains exports.

Civilian Death Rate Up in Iraq
Reuters Fighting between security forces and Shiite militiamen last month has driven civilian deaths in Iraq to their highest level in more than six months, government figures showed on Tuesday.

Business

Tax Claims Push Russneft Into the Red
Reuters Embattled oil firm Russneft said Tuesday that it moved to a loss last year after it was hit with back tax claims and fines.

Rambler Sells 51% of Advertising Arm
By Tai Adelaja / Staff Writer Rambler Media, owner of the Internet's third-largest Russian-language search engine, said Tuesday that it had sold 51 percent of its advertising arm to Video International Group, thus strengthening its partnership with the largest player in the country's advertising sector.

OGK-1 to Say RAS Profits Increased 240% to $1.9Bln
By Nadia Popova / Staff Writer Electricity producer OGK-1 posted a profit of 44.5 billion rubles ($1.9 billion) last year, a 240 percent increase on 2006, the company was to announce Wednesday.

KamAZ May Follow AvtoVAZ's Path
By Dmitry Sergeyev / Reuters KamAZ, the country's largest truck maker, may sell one-quarter of its shares for $1.25 billion this year to a strategic investor from the European auto sector, sources familiar with KamAZ's plans said Tuesday.

Sberbank Sees 2007 Net Profit at $4.2Bln
By Max Delany / Staff Writer After its president, German Gref, gives reporters in Singapore a figure of $4.9 billion, the bank corrects it down to about $4.2 billion.

Business in Brief

Business in Brief
VTB Up on Kudrin SupportChevron in Tatneft TalksSibur Profit Rises 4.2%EU Knocks Wood TariffsGazprom Eyes BelarusSUEK Seeks TGK-12 NodFor the Record

Will Moscow's Real Estate Bubble Burst?
By James Brooke Alexei Bayer This spring, prime office rents in Moscow are going above $2,000 a square meter, 50 percent higher than rents paid for offices in the ""trophy"" skyscrapers of midtown Manhattan.

What to Do: Go Prehistoric
By Lara McCoy / Roslof The Museum of the Ice Age, located in pavilion 71 at the All-Russia Exhibition Center (VVTs) does not in any way resemble any American museum of natural history.

Born With a Golden Leash
By Maria Antonova / Staff Writer If you want to pamper your pooch, salons catering to four-legged friends can give you some ideas.

Cab Driver Convicted of Killing 6 Passengers
By David Nowak / Staff Writer A local gypsy cab driver has been sentenced to life in prison for killing six of his passengers with a sawed-off shotgun.

Ask the Chef
Bennardo Gianluca of Sicily is Politica restaurant's new head chef.

Serb Grill on the River
By Nathan Toohey / Staff Writer The legendary Serbian restaurant is back. Boemi, which has been serving up a traditional Serbian grill menu for over 10 years, has reopened in a new location and the results are impressive indeed.

Using the Orange Revolution to Raid TNK-BP
Things are definitely not going well for TNK-BP these days. Plainclothes police officers raided the company's headquarters on March 19, and a Russian-American employee and his brother were arrested on industrial espionage charges.

The Price Russia Must Pay for Being Hysterical
By Yevgeny Kiselyov Will Russia's fierce opposition to possible NATO membership for Ukraine and Georgia force the alliance to withhold its official invitation to these two current members of the Commonwealth of Independent States when the NATO summit opens in Bucharest on Wednesday?

Sharapova Replaced by Kuznetsova in Fed Cup
By Gennady Fyodorov / Reuters World No. 4 Svetlana Kuznetsova will lead Fed Cup champion Russia in next month's semifinal against the United States in Moscow.

« to older

Features

Services

Tools

MT news

Testimonials

Sponsored links

News

Business

Business in Brief

Currency Exchange

Weather

Most Popular Stories.

Archive

Columnists