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. Last Updated: 07/27/2016

09/17/2008

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Markets Post Record Single-Day Losses

Staff Writers
The ruble-denominated MICEX Index fell by 17.5 percent Tuesday, a single-day record, as the country’s oil-driven stock market was severely battered by the global economic hurricane spreading from the United States.

Duma to Vote on Limits for Inspectors

In a move to cut red tape and bring an end to law enforcement practices that President Dmitry Medvedev has described as “causing nightmares” for businesses, the State Duma will begin considering bills Wednesday promising a huge reduction in state inspections.

Campaign Tries to Scare Drivers to Safety

A man says goodbye to his family in the morning and walks out of his apartment. But instead of leaving by the front door, he calmly steps onto the windowsill and plummets to his death from his high-rise block.

Industrial Output Misses Expectations

Bloomberg
Industrial production expanded at a slower pace than economists forecast in August as tighter access to credit and a slumping stock market hurt companies’ expansion plans, the State Statistics Service said Tuesday.

Market Ills May Lead To Tax Cuts

Reuters
The plunge in Russian asset prices may force the government to decide in favor of tax cuts, despite fierce opposition from fiscal hard-liners, after other measures to prop up stocks have failed, analysts said Tuesday.

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