Potash Corp. of Saskatchewan Inc. Chief Executive Officer Bill Doyle said rival potash producer OAO Uralkali’s decision to boost sales volumes at the expense of prices has been self-destructive after the price of the commodity slumped and customers deferred purchases.
DoubleLine Capital LP’s Jeffrey Gundlach said the psychology in bond markets may have changed after the U.S. Federal Reserve unexpectedly maintained the pace of monthly bond purchases, sending yields lower.
As the U.S. sets records for natural gas production, the specter of shortages and surging prices has been replaced by a debate over how much to sell overseas. The bounty has fueled speculation President Barack Obama is ready to expand exports.
European stocks posted the biggest weekly gain in five months as investors speculated the region’s central bank will cut rates and as companies from BASF SE to Standard Life Plc reported better-than-expected results.
On June 27, 1848, Daniel Drew found himself in court over insider trading. Not because it was illegal; there was no law against it at the time. Rather, his partners had sued him because he hadn't divided the profits fairly.
West Texas Intermediate oil fell after the Cypriot parliament defeated a measure imposing taxes on bank deposits, bolstering concern that Europe’s debt crisis will deepen. WTI’s discount to Brent crude traded in London narrowed to less than $15 a barrel.