Vale SA May Bid For Mosaic - Let the Great Potash War Begin (MOS, POT, VALE)
Bloomberg reports today that a Brazilian newspaper has hinted at a pending $25b bid by mining giant Vale S.A. (VALE) for The Mosaic Company (MOS), the world’s largest phoshate producer and #2 potash producer. This follows up on earlier reports that Australian miner BHP Billiton was interested in snapping up North American potash assets. Mosaic [...]
Asian Markets Up; China Mobile to Report Today (CHL)
The Shanghai Index has been essentially flat today, but other Asian markets are markedly higher on the news of a $150 billion “backstop” plan by South Korea for loans and bank capital; The Hang Seng was up over 4% in mid-day trading, while the Nikkei was up about 3%.
The other big news today was China’s [...]
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