Sinochem Approaches Temasek Regarding Possible Potash Bid

China’s Sinochem Corp. invited Temasek, Singapore’s sovereign wealth fund, to join a consortium that may bid for Potash Corp. (POT), Reuters reported.

Temasek has not made any decision on whether to join the consortium, Reuters reported without namin…

BP Says "Multiple Companies" Responsible for Gulf Oil Disaster

A report by BP (BP) says that “multiple companies and work teams” are responsible for the Gulf oil disaster that killed 11 workers and spewed out millions of gallons of oil into the ocean.

“It is evident that a series of complex events, rather than a …

UK Food Prices Rise the Most in a Year

British food prices rose at the fastest rate in a year in August thanks to higher prices for commodities.

Food prices increased at an annual rate of 3.8% in August, compared with 2.5% in the previous month, Bloomberg News reported, citing a statement…