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Rambler's Top100

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.

Enlarge your business opportunities this summer - place a job ad at Job Opportunities pages of The Moscow Times until 31 August and get 10 vacancies for free on www.careercenter.ru web site!

Issue 3897
Published: 7 May 2008
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Business

TNK-BP Wins Court Decision
Reuters A Moscow arbitration court on Tuesday upheld a lower court's ruling to refund TNK-BP 9.7 billion rubles ($408 million) it paid as value-added tax in 2006, the company said Tuesday.
Railway Union Plans 2nd, Bigger Strike
By Nadia Popova / Staff Writer An independent railway workers union said Tuesday that it would go on strike later this month if its members’ salaries were not doubled, raising the possibility that millions of commuter train passengers around the country will face delays and cancellations.
AvtoVAZ Wants Parts Duty Dropped
Bloomberg AvtoVAZ and partner Renault are lobbying the government to eliminate tariffs on imported car parts, Vedomosti reported Tuesday, citing unidentified officials at the Economic Development and Trade Ministry.
Raw Sugar Import Tariff to Fall in June
Reuters The import tariff on raw cane sugar will fall to $140 per ton in June after the expiry of a $220 per ton seasonal tariff, the Economic Development and Trade Ministry said Tuesday.
French Court Unfreezes Russian Assets
Reuters A French court has fully lifted a freeze on the Russian Central Bank’s accounts with French commercial banks, frozen as part of a suit by Swiss trading firm Noga, a lawyer said Tuesday.
Banker Says Ruble Won't Appreciate
Reuters The Central Bank dismissed on Tuesday speculation among major banks of a ruble revaluation as the talk of irrational investors. Konstantin Korishchenko, a Central Bank deputy chairman, criticized commercial banks that have advised their clients to go long on the ruble in anticipation of a currency revaluation.
Cabinet Approves Range of Price Hikes
Reuters The Cabinet on Tuesday cleared double-digit price rises for gas, power and railway services for this year and the next three years, ignoring inflation fears and public discontent.

Mordashov Board Ally at TUI Under Threat
Reuters Pressure mounted on TUI on Tuesday to ax its supervisory board chief after Norwegian shipping tycoon John Fredriksen said he would not take a seat on the board if Jßrgen Krumnow did not quit.
Plan to Foil Cybersquatters Backed
By Tai Adelaja / Staff Writer The Cabinet on Tuesday approved a proposal by the Economic Development and Trade Ministry to eliminate the link between registration of brands and Internet domain names, making it easier for companies in Russia to defend themselves against cybersquatters.
Business in Brief
Trutnev's Trouble OfficialsSUEK Borrows $800MOGK-5's Full-Year ResultsX5 Investors Snap Up StockAlcohol and Cigarette TaxesLocal VW Chief May LeaveFor the Record

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Columnists

A Duck by Any Other Name
By Michele A. Berdy

The Kremlin's Tibet
By Georgy Bovt

FSB Blues
By Yulia Latynina

It is the 1990s All Over Again For the Press
By Alexei Pankin

Battling Cold War Cliches
By Alexander Golts

U.S. Decline Gives Moscow a Golden Chance
By Alexei Bayer

Medvedev Passed G8 Test
By Vladimir Frolov

Medvedev Is Neither Tsar Nor Saint
By Boris Kagarlitsky

Progressive Tax System Is Fair And Necessary
By Konstantin Sonin

Abramovich's Chukotka Miracle
By Nikolai Petrov

It'll Take More Than PR to Lift Russia's Image
By Richard Lourie

The Talented Mr. Ripsky
By Mark H. Teeter

Selling Lofty Dreams in Separatist South Ossetia
By Matthew Collin

Lessons About Franco, Football and Freedom
By Yevgeny Kiselyov

Inflation's Sun Spots Stain Economic Successes
By Anders Aslund

From Vancouver to Vladivostok
By Fyodor Lukyanov

Immunity From the Oil Curse
By Martin Gilman






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