$700 billion wiped off U.S. stock market in single session

The U.S. stock market has suffered a $700 billion paper loss in a single session, as measured by the Dow Jones Wilshire 5000 Composite Index, which tracks the stocks of 5,000 U.S.-based companies.

// Oct. 08, 2008 - 05:36 GMT


Siberian court extends custody of Khodorkovsky until Feb. 2009

// Oct. 08, 2008 - 05:44 GMT


Plane makes emergency landing in Brazil after hitting vulture

// Oct. 08, 2008 - 06:07 GMT


Russia's Lavrov to attend CIS foreign ministerial meeting

Russian Foreign Minister Sergei Lavrov will attend a CIS foreign ministerial meeting in the Kyrgyz capital of Bishkek on October 9, a Foreign Ministry spokesman said on Wednesday.

// Oct. 08, 2008 - 06:13 GMT


Pavlyuchenko out for three weeks, to miss Germany clash

Russian striker Roman Pavlyuchenko is expected to be out for three weeks with a partially torn knee ligament and will miss Russia's upcoming World Cup qualifiers against Germany and Finland.

// Oct. 08, 2008 - 06:27 GMT


Russian steelmaker Severstal's U.S. investment to hit $6bln

Russian steel producer Severstal [LSE: SVST; RTS: CHMF] has said its investments in U.S.-based assets are set to reach $6 billion by the end of 2009.

// Oct. 08, 2008 - 06:33 GMT


Kamov Helicopter Design Bureau is 60 years old

On October 7, 2008, Russiaâ™s Kamov Helicopter Design Bureau, named after Nikolai Kamov [19<span class="nobr">02–197</span>3), one of the founders of the Soviet helicopter industry, celebrated its 60th anniversary. </p>

// Oct. 08, 2008 - 06:48 GMT


CIS leaders to talk economics, financial crisis in Bishkek Oct. 10

// Oct. 08, 2008 - 07:33 GMT


Eurasian economic leaders to focus on financial crisis Oct. 10

The leaders of the Eurasian Economic Community (Eurasec) will gather in the Kyrgyz capital Bishkek on October 10 to discuss joint measures to tackle the global financial crisis.

// Oct. 08, 2008 - 07:35 GMT


Russia's MICEX, RTS exchanges halt trading over sharp falls

The Russian stock exchanges MICEX and RTS suspended trading from 11:05 a.m. Moscow time (07:05 GMT) after their indexes plunged shortly after opening, spokesmen for the exchanges reported on Wednesday.

// Oct. 08, 2008 - 07:57 GMT