Israel veto ends PotashCorp merger
Israel says it will block Potash Corporation of Saskatchewan’s attempt to buy rival fertiliser Israel Chemicals, derailing a $15bn (£9.3bn) deal to create the world’s largest potash producer. The veto is the latest example of growing resource nationalism, in which governments block foreign attempts to buy mining, oil, gas or agribusiness companies.
Deutsche names North America head
Deutsche Bank has promoted a US corporate finance banker to head efforts to cement its place among Wall Street’s elite, making Jacques Brand chief executive of its North American business after Seth Waugh decided to step down.
Ebay ready for China push via tie-up
Ebay is to make a renewed push into China via a partnership with Xiu.com, an online retailer of luxury goods. The US group plans to focus on importing high-end goods at discount prices, taking advantage of a growing desire for such items in China. The planned partnership was revealed when Chinese officials received invitations to an event in Shenzhen.
Fernández lets fly at bankers
Argentine President Cristina Fernández slammed “vulture funds” creditors who, she claims, are leading a campaign to force her country into a new crisis.
Solar industry at risk from trade war
China has fired the latest salvo in what experts are describing as an escalating global trade war in the solar industry, with an attack on the European Union over alleged unfair pricing and subsidies for solar panels.
The Daily Telegraph
Teenager raises $1m for iPhone app
A south London schoolboy has launched an Apple iPhone app this week, after raising $1m (£620,000) from investors before his 17th birthday.
Gold to rally on Obama or Romney
Gold is likely to go much higher in the course of the 45th President's four year term – whether there is a President Obama or a President Romney, according to analytics firm GoldCore, in its latest newsletter.
THE WALL STREET JOURNAL
GM nears new Opel chief
General Motors is close to naming former Volkswagen executive Karl-Thomas Neumann to manage its troubled Adam Opelbusiness.
Fund urges challenge to Sprint
Mount Kellett, an investment firm run by former Goldman Sachs executives has trained its guns on Clearwire, urging the wireless network operator to strengthen its position in the face of a possible takeover by its largest shareholder, Sprint Nextel.