Asia Floods, Russia Burns as Weather Takes Its Toll
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Floods killed thousands and left millions homeless from Pakistan to North Korea as fires and drought in Russia roiled global markets and a tropical storm headed toward Bermuda.
Devastation in Asia may stretch aid efforts as crops are destroyed at a time of soaring wheat prices, caused in part by Russia’s decision to ban grain exports through Dec. 31. Raw-sugar futures also rose in New York on speculation that Russia may import more to offset drought losses.