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.

News

Putin Announces New Mini-Cabinet
By Anna Smolchenko / Staff Writer Prime Minister Vladimir Putin on Thursday announced the creation of a new executive body that he said would inject efficiency into the unwieldy government machine.

Kudrin's Influence Poses A Riddle
By Catrina Stewart / Staff Writer The elevation of new First Deputy Prime Minister Igor Shuvalov to oversee large swaths of economic policy has left political pundits scrambling to work out whether Finance Minister Alexei Kudrin will retain his longtime influence over the country’s fiscal policy.

Zenit Win Lifts, and Pours, Spirits at Home
By Irina Titova / Staff Writer The St. Petersburg club's win over Glasgow Rangers in the UEFA Cup final touches off violent clashes in Manchester.

Court Sentences Market Bombers
The Moscow Times The Moscow City Court on Thursday handed down life sentences to four people convicted of staging a 2006 bombing at Moscow's bustling Cherkizovsky market that killed 14.

Afghan Drug 'Belt' Proposed
Reuters China, India and Russia called on Thursday for the creation of a security belt around Afghanistan to halt the spread of heroin.

Air Force Chief Backs Abkhazia Base
The Associated Press Air Force chief Alexander Zelin said Thursday that he favored establishing a military base in Georgia's separatist Abkhazia region, in remarks likely to spike already-high tensions between the countries.

Primorye Governor's Apartment Searched
By Natalya Krainova / Staff Writer Law enforcement officers searched the apartment of Primorye Governor Sergei Darkin on Wednesday night as part of a criminal investigation into the misappropriation of real estate in the region.

Ivanov to Lead Fight On Drugs
The Moscow Times His appointment to the drug control service is seen as a demotion.

Medvedev Pledges Funds for Missiles
Reuters President Dmitry Medvedev pledged on Thursday to ensure that the country's nuclear deterrent remained properly funded to ward off threats to national security.

Oldest Known Bust Of Caesar Is Found
The Associated Press Divers trained in archaeology discovered a marble bust of an aging Caesar in the Rhone River that France's Culture Ministry said was the oldest known.

Museum Presents 261 Penises
Reuters Sigurdur Hjartarson is missing a human penis. But he's not worried: four men have promised to donate theirs to him when they die.

Group Says It Bombed Indian City
The Associated Press A previously unknown Islamic militant group claimed Thursday to have carried out deadly bombings in the historic Indian city of Jaipur by planting bicycles packed with explosives on the city's crowded streets, police said.

China Death Toll Climbs to 20,000
Reuters The death toll from China's massive earthquake rose to at least 20,000 on Thursday, as rescuers struggled to help survivors and hopes faded for a further 25,000 buried under rubble for more than three days.

Bush Sees Peaceful Mideast
Reuters U.S. President George W. Bush offered a peace prophecy for the Middle East on Thursday, in which the enemies of the United States faced a future of defeat.

News in Brief
Germans Blast Russian SpiesSecurity Beefed Up in IranHope for EU-Russia TalksAzeris Bar Vote ObserversYoung Guard Snorted Coke

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