Cosco Shipping, China’s biggest shipping company, agreed to buy smaller rival Orient Overseas for $6.3 billion, establishing an Asian container giant.The Chinese conglomerate joined Shanghai International Port, one of the world’s biggest port operators, to buy a combined 68.7% stake from Orient Overseas’s controlling shareholder.Source: China Economic Review
GEFIRA provides in-depth and comprehensive analysis of and valuable insight into current events that investors, financial planners and politicians need to know to anticipate the world of tomorrow; it is intended for professional and non-professional readers.
The Gefira bulletin is available in ENGLISH, GERMAN and SPANISH.
China’s Foreign Ministry on Wednesday once again asked India to withdraw all its troops and equipment from Chinese territory, as the border standoff in the Dong Lang (Doklam) area approaches its second month. Source: People’s Daily
Spanish police early on Friday said they killed the alleged perpetrators of a suspected “terrorist attack” in the town of Cambrils, south of Barcelona. Six civilians and one police officer were hurt when a car drove into people in the Spanish seaside resort of Cambrils early on Friday. Source: Al Jazeera
Top Turkish and Russian economy officials are set to discuss key economic, political, technical and trade issues at an international fair in the Aegean city of İzmir, which will start on Aug. 18 and last until Aug. 27. Source: Daily News