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  1. Court Overturns Dudley Work Ban

    The Moscow Times - Oct 9, 2008

    The Moscow City Court on Thursday overturned a court order barring TNK-BP chief executive Robert Dudley from working in Russia for two years.

  2. Deripaska's Stake In Strabag Safe

    The Moscow Times - Oct 9, 2008

    Strabag CEO Hans-Peter Haselsteiner on Thursday moved to keep Oleg Deripaska as a shareholder, agreeing with banks to refinance 500 million euros ($683 million) of loans he used to gain a 25 percent stake in the company.

  3. Magnit Share Sale Shelved After Drop

    Magnit Share Sale Shelved After Drop

    The Moscow Times - Oct 9, 2008

    Magnit said Thursday that it was canceling a planned sale of 3 million shares after the food retailer's London-listed shares plummeted 31 percent the day before.

  4. Severstal Cuts Back At 2 Plants in U.S.

    The Moscow Times - Oct 9, 2008

    Severstal is putting 800 workers on part-time shifts at two of its plants in Ohio until further notice due to the economic slowdown in the United States, a negotiator for the plant’s labor union said Thursday.

  5. Elite Nightclubs Empty as Crisis Hits Oligarchs

    The Moscow Times - Oct 8, 2008

    At the Soho Rooms nightclub one recent evening, bankers partied with abandon to a decadent theme: “It’s the end of the world.”

  6. X5 Offers Help to Cash-Tight Suppliers

    The Moscow Times - Oct 8, 2008

    X5 Retail Group said Wednesday that it would offer to buy inventory from suppliers that are having liquidity problems, just days after announcing that it would delay payments to those who ask to raise prices.

  7. IMF Cuts Russia Growth Forecast to 7%

    The Moscow Times - Oct 8, 2008

    Russian economic growth will slow more than expected because the world faces “the most dangerous financial shock” for developed markets since the 1930s, the International Monetary Fund said Wednesday.

  8. Judge Says Usmanov Doesn't Have to Be Party to Lawsuit

    The Moscow Times - Oct 8, 2008

    The Moscow Arbitration Court on Wednesday turned down a petition by United Press asking that Metalloinvest half-owner Alisher Usmanov be named as a third party in a suit filed by billionaire Mikhail Prokhorov against

  9. Ruble Posts Gains for A 2nd Day

    The Moscow Times - Oct 8, 2008

    The ruble climbed for a second straight day against the dollar as seven central banks around the world cut interest rates to calm the turmoil in financial markets, reviving sentiment toward emerging market assets.

  10. Telenor Sees No VimpelCom Stake Sale

    The Moscow Times - Oct 8, 2008

    Telenor said Tuesday that it would not reduce its stake in VimpelCom despite a dispute with partner Alfa Group. ""VimpelCom is a very good company. ...

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