The Moscow Times

Business: RenCap Cuts RTS '08 Target to 2,350
Renaissance Capital on Monday slashed its year-end forecast for the benchmark RTS Index from 3,000 to 2,350 and increased its equity risk premium for the country from 4 percent to 5.5 percent in a sign of continued investor jitters.

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Economic Team Has Hard Job Abroad
By Miriam Elder / Staff Writer Prime Minister Vladimir Putin may have unveiled an overwhelmingly liberal-leaning economic team in his Cabinet on Monday, yet the government faces an uphill battle as it seeks to promote Russian business abroad in the face of widespread fear of overdependence on the country's politicized economy.

Without Lights, Stockmann Closes Its Doors
By Tai Adelaja, Max Delany / Staff Writers International department store chain Stockmann closed its flagship Moscow location until further notice Tuesday, after the property's landlord unexpectedly cut electricity as part of a worsening rental dispute, a Stockmann official said.

Kadyrov's Power Grows As Commander Leaves
By Nabi Abdullaev / Staff Writer Chechen President Ramzan Kadyrov has sidelined the last federal security agency in the republic, suspending the commander of a battalion that hunts rebels, a Chechen official said Tuesday.

Court Ruling Declares Planetarium Bankrupt
The Associated Press A court declared the Moscow Planetarium bankrupt Tuesday -- the latest development in a struggle over the once-loved but long-shuttered landmark from the Soviet era.

Lawmakers Block Yushchenko's Speech
The Associated Press President Viktor Yushchenko canceled his state-of-the-nation speech to parliament on Tuesday after lawmakers loyal to Prime Minister Yulia Tymoshenko blocked the speaker's chair.

Klitschko Seeks a Shot at Mayor
By Douglas Birch, Maria Danilova / The Associated Press Former heavyweight boxing champion Vitaly Klitschko has found politics in Kiev to be a bruising business. So tough, in fact, that he has hired former New York Mayor Rudy Giuliani to advise him in his campaign to be mayor.

Ukraine Bars Moscow Mayor Over Call to Hand Over Port
The Associated Press Mayor Yury Luzhkov has been barred from entering Ukraine for suggesting that it should cede the city of Sevastopol to Russia.

Bush Prods Medvedev Over Georgia
Combined Reports U.S. President George W. Bush has congratulated President Dmitry Medvedev on his inauguration and used his call to express concern about Moscow’s dispute with Georgia over the breakaway Abkhazia region, the White House said.

Judge Tells of Kremlin Threat
By Natalya Krainova / Staff Writer Yelena Valyavina says she was told she would lose her job if she didn't cooperate.

Serbian Parties Jockey for Position
Reuters Serbia's outgoing prime minister Vojislav Kostunica, once valued as a champion of reform by the West, teamed up with ultranationalist Radicals on Tuesday, seeking to form the country's next government, his party said.

Zimbabwe Opposition May Contest Runoff
Reuters The leader of Zimbabwe's main opposition group said on Tuesday that he would contest a presidential runoff against veteran President Robert Mugabe if only regional observers could be present.

Hariri Vows No Surrender to 'Iranian and Syrian Regimes'
Reuters Lebanon’s Sunni Muslim leader Saad al-Hariri pledged on Tuesday that there would be no political surrender to what he called a bid by Hezbollah and its Syrian and Iranian backers to impose their will on the nation by force.

Earthquake Death Toll Exceeds 12,000
The Associated Press Rescue workers sifted through tangled debris of toppled schools and homes Tuesday for thousands of victims buried or missing after China's worst earthquake in three decades, where the death toll soared to more than 12,000 people in the hardest-hit province alone.

Fraction of Aid Gets to Myanmar
The Associated Press The UN said Tuesday that only a tiny portion of international relief is reaching Myanmar’s cyclone victims, amid fears that the country’s military regime is hoarding high-quality foreign aid for itself while people make do with rotten food.

News in Brief
Reiman and Zurabov ReturnIvanov Keeps PortfolioEcstasy and Uppers BustSakharov Director ChargedPoland Asks U.S. for MoreKyrgyz Aid to HIV ChildrenLukashenko Offers Hope

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