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Today's paper. Last Updated: 02/14/2012

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Uralkali Cutting Production

LONDON — Uralkali is ready to cut production to prevent potash prices from falling after Potash Corporation of Saskatchewan announced reductions this year. "Our strategy is that price is much more important than volumes," chief financial officer Viktor Belyakov said Tuesday. "It's a strategy...

PIK Expects Rise In 2012 Revenue

Reuters

... sold homes totaling 510,000 square meters, slightly below a 520,000 target. The company also said it expects new sales to total 600,000 to 650,000 square meters this year. PIK is 38 percent owned by billionaire Suleiman Kerimov, who also controls the potash miner Uralkali and funds the Russian Premier League football club Anzhi Makhachkala. 179738

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