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. Last Updated: 07/27/2016

10/06/2008

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Deripaska Gives Up Magna Stake

Basic Element's CEO says liquidity woes have also meant a freeze in the hiring of new staff.

RTS Has Toughest Week Since '99

Trading on the dollar-denominated RTS exchange was suspended three times on Friday as anxiety deepened over whether the U.S. House of Representatives would pass a $700 billion financial sector bailout package and share prices on Russian and international markets plummeted.

Rice Denies Trying to Undermine Moscow

Combined Reports
U.S. Secretary of State Condoleezza Rice on Sunday rejected any suggestion that U.S. efforts to build closer ties to Kazakhstan are meant to undermine Russian influence in Central Asia.

Bill Returns Powers to Prosecutors

The State Duma is considering a bill that would restore to the Prosecutor General's Office the right to open criminal cases against certain categories of senior government officials, a deputy said Friday.

Sechin Set to Join Inter RAO Board

Deputy Prime Minister Igor Sechin is set to join the board of state-controlled electricity trader Inter RAO, boosting his influence over the sector at a company with operations in Finland, Turkey and across the former Soviet Union.

Falling Nickel Prices Slash Norilsk's Profit

Reuters
Norilsk Nickel's net profit fell by one-third in the first half of the year as the world's largest nickel miner succumbed to rampant inflation in Russia and a 40 percent decline in the price of the metal.

Troops Dismantling Positions in Georgia

The Associated Press
Russian troops began dismantling positions Sunday in the so-called security zones inside Georgia they have occupied since August's brief but intense war, a Georgian Interior Ministry official said.

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