Dead Sea News
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Israeli Prime Minister Benjamin Netanyahu arrives in China today to tighten economic ties and urge China’s new leaders to clamp down harder on Iran and its ally Syria, amid reports of Israeli airstrikes there.
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Israel Chemicals Ltd. advanced the most in more than a week on bets declines last month after Potash Corp. of Saskatchewan Inc. scrapped a proposed takeover bid were overdone.
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Israel Chemicals Ltd. dropped the most in two weeks as Potash Corp. of Saskatchewan Inc. scrapped a proposed takeover bid for the chemicals maker.
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Israel Chemicals Ltd. surged the most in three months on bets declines this month, triggered by the Finance Minister’s opposition to a merger with Potash Corp. of Saskatchewan Inc., were overdone.
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Noble Energy Inc.’s Chief Executive Officer Charles Davidson would reconsider the U.S. company’s investments in Israel if the government raises the issue of tax rates on natural resources.
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Israeli Finance Minister Yair Lapid said he’d “adamantly oppose” the sale of fertilizer producer Israel Chemicals Ltd. to Canada’s Potash Corp. of Saskatchewan Inc., threatening to block what would be the Middle East’s biggest takeover.
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Israel Chemicals Ltd. dropped the most in six months after Finance Minister Yair Lapid said he will adamantly oppose Potash Corp. of Saskatchewan Inc.’s potential bid for the chemicals maker.
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The Dead Sea is shrinking at a record rate, prompting calls for Israel and Jordan to stop fertilizer makers from siphoning so much of the water whose restorative powers have attracted visitors since biblical times.
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Israel’s environment chief urged caution before accepting a World Bank recommendation for a Red Sea to Dead Sea pipeline, saying that while the conduit may stem the loss of water, the salty inland lake may also suffer irrevocable damage.
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Israel Chemicals Ltd. employees began a strike at a Dead Sea unit of the fertilizer producer to protest a proposed takeover by Potash Corp. of Saskatchewan Inc., a union representing workers said.
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