More than 1,300 miles (2,092 kilometers) from New York, on the uninhabited island of West Caicos, a group of European investors are helping to pick up the pieces from Lehman Brothers Holdings Inc.’s collapse.
Evraz Plc, the Russian steelmaker that joins the U.K.’s benchmark FTSE 100 index on Dec. 19, is curbing sales this month in anticipation of improved prices next year, Chief Executive Officer Alexander Frolov said.
Russian winter grains may be in better condition than estimated last month by the government because of warm weather in southern areas, putting the nation on track to boost cereal exports in the coming season.
Russia, the world’s third-biggest wheat exporter last year, is forecast to get frosts and drought, which pose a risk for new season crops, the Federal Hydrometeorology and Environmental Monitoring Service said.
Evraz Group SA , the Russian steel producer part-owned by billionaire Roman Abramovich , is seeking iron ore and steel assets in South Africa, and projects in East Siberia, Chief Executive Officer Alexander Frolov said.
Intel Corp., world’s largest producer of semiconductors, supplied a Xeon 5600 series chip system to Russia’s state weather forecast center, letting it more than double computational capacity, according to the center’s management.