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Testimonials
"It’s my privilege to congratulate and thank the entire staff of The Moscow Times as they celebrate their 15-year anniversary. The Times has established a strong reputation for succinct, professional reporting from contemporary news, to editorials and sports summaries. They have grown substantially since 1992. I find the publication to be a reliable source of the news, and I enjoy reading the paper and browsing the web site. With this solid foundation, the Times is sure to be with us long into the future."-Bill O’Rourke, President Alcoa-Russia
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Market Matters: As Conflict Ends, Markets on Road to Recovery
After tumbling to its lowest point in almost two years on Tuesday, Russia's MICEX Index began to slowly claw its way back over the rest of the week, suggesting a possible end to the volatility that has plagued the country's markets since tensions erupted between Russia and Georgia on Aug. 8.
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Sunday, September 07, 2008
Updated at 05 September 2008 18:35 Moscow Time
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Russian Stocks, Bonds Tumble as Ruble Propped Up
By Denis Maternovsky, Abigail Moses / Bloomberg
Russian stocks plunged and the cost to protect government bonds jumped to the highest in almost four years on Friday as the Central Bank shored up the ruble, which has been pummeled by the conflict in Georgia and tumbling commodity prices.
The Central Bank said it intervened after the ruble fell to the lowest level in almost a year against the dollar Thursday.
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Accord Signed in TNK-BP Standoff
By Miriam Elder / Staff Writer
BP signed a deal with its billionaire partners in TNK-BP on Thursday, laying the groundwork for an end to a bruising dispute over control of the firm that has fanned fears among investors of doing business in Russia. |
A Crisis Brewing in the Classrooms
By Anna Malpas / Staff Writer
When economics student Mikhail Popov struggled with a final exam at a regional university, he was offered an alternative — pay $200 and get a good grade. |
Recognition a Lonely Exercise for Moscow
By Nabi Abdullaev / Staff Writer
Ten days after Russia recognized South Ossetia and Abkhazia as independent states, the only other country to have followed suit as of Thursday was that Cold War battlefield of the 1980s: Nicaragua. |
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| Vladimir Filonov / MT Visitors arriving Thursday for the first day of the biannual Moscow Boat and Yacht Show, which runs through Sunday at Vodny Stadion, on the Moscow River. Russians accounted for an astounding 30 percent of global luxury yacht sales in 2008, up from a mere 6 percent three years earlier.more |
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NLMK to Buy Beta Steel for $400M
By John Wendle / Staff Writer
The Russian steel giant agrees to pay cash for the U.S. asset, located near the pipe manufacturer it purchased in August. |
Central Bank Drops $4Bln to Prop Ruble
By Toni Vorobyova, Andrey Ostroukh / Reuters
The Central Bank stepped into the market and sold up to $4 billion on Thursday to brake the ruble’s fall, while shares went into free-fall despite a much-awaited shareholder peace deal on oil company TNK-BP. |
Severstal H1 Net Profit Jumps 69%
By Nadia Popova / Staff Writer
Russia’s largest steelmaker announced a 69 percent rise in first-half net profit to $1.9 billion Thursday, a company record. |
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