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. Last Updated: 07/27/2016

07/31/2008

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2 More Coal Firms Come Under Fire

The government's antitrust probe into rising coal prices widened Wednesday to include Evraz Group and Raspadskaya, just days after Prime Minister Vladimir Putin attacked miner Mechel.

Bikers Look to Make Money and Save Lives

As Moscow's traffic grinds to a halt, only one form of transport can slip through the jams: motorbikes. And dedicated bikers are promoting this advantage as a way to save time -- and lives.

Medvedev Misses Governor Deadline

President Dmitry Medvedev has missed the deadline to nominate a leader for the volatile North Caucasus republic of Karachayevo-Cherkessia, a development analysts say could mean that the Kremlin is struggling to find a candidate acceptable to conflicting regional elites.

Dudley Says Board To Review Spending

Reuters
The board of TNK-BP will review the firm's investment plan for 2008, one of the points of contention in a fierce shareholders' dispute, CEO Robert Dudley said Wednesday.

Norilsk Shares Jump on Merger Report

Norilsk Nickel shares closed up 8.4 percent on Wednesday amid speculation that the company would enter merger talks with billionaire Oleg Deripaska's United Company RusAl.

Lending Agency Plan Could Raise Rates

A possible move by the state lending agency to offer less when buying mortgages financed at below 12 percent would hurt the market and banks but bring interest rates on home loans in line with the international market, analysts said Wednesday.

King of the Hill

With all of the tremendous political weight that Prime Minister Vladimir Putin has accumulated over the last eight years, he has the rare ability to wreak havoc on financial markets with only one short phrase.

Russia Synchronized for Success in Pool

Reuters
Although the spotlight at the pool will be fixed on swimmer Michael Phelps's quest for eight Olympic golds, Russia is shaping up for an impressive feat of its own in the often ridiculed synchronized swimming.

Isinbayeva Sets Her 23rd World Mark

Reuters
Russian Yelena Isinbayeva broke her own women's world pole vault record Tuesday when she cleared 5.04 meters at her third attempt at the Monaco grand prix.

Ending the Silent EU War

There has been little mutual trust lately between the governments of Russia and the European Union. Diplomatic relations between Britain and the Kremlin are at a low since Alexander Litvenenko was murdered -- allegedly by a Russian agent -- in London in 2006.

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