Potash Corp confirms reports of its interest in Israel's ICL
TORONTO (Reuters) - Potash Corp of Saskatchewan (POT.TO) acknowledged on Wednesday that it has held talks with Israeli government officials around potentially increasing its ownership stake in Israel Chemical Ltd (ICL) (ICL.TA).
The world's largest fertilizer company issued a statement on the matter after ICL's majority shareholder, Israel Corp Ltd (ILCO.TA), in a regulatory filing confirmed media reports of these discussions.
In a brief statement, Potash Corp said: "No deal has been formulated; there is no assurance that a deal will be reached, or that parties will sign an agreement."
The Saskatoon, Saskatchewan-based fertilizer maker said it does not intend to comment further on this matter at this time. (Reporting by Euan Rocha; Editing by Gerald E. McCormick)
NEW YORK - Stocks rose on Friday, capping the best week for major indexes in months as unexpectedly strong data on economic growth increased confidence that the recovery was accelerating.
WASHINGTON - Start-up companies will be able to raise much more capital through certain public stock deals without facing costly regulatory burdens under a proposal announced by U.S. securities regulators on Wednesday.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.