Press release: “Dubai, UAE, 13 January 2019: Global trade enabler DP World today announces that it has entered into an agreement to acquire 71.3% stake in Puertos y Logistica S.A. (“Pulogsa”) from Minera Valparaiso and other shareholders associated with the …

CNBC reports: “Saudi Arabia’s energy minister said Sunday he’s positive OPEC and partnered nations will meet their production cut commitments to balance oil markets in 2019, despite what he described as a slower than anticipated pace by some.”

The post …

BLOOMBERG reports: “Prices are up more than 20 percent since hitting an almost two-year low in December, enough to alter OPEC+ rhetoric from reassuring investors that it will cut output to taking credit for the rebound, and in the case …

CoLoadX‘s Fauad Shariff writes: “Last week, the shipping vessel MSC Zoe lost 270 containers at sea after it was caught in a major storm off the coast of the Netherlands. Among the cargo lost were scores of consumer goods that …

Vietnam News reports: “Transactions conducted mainly through intermediaries and ineffective transport businesses have contributed to high logistics costs for Vietnamese enterprises.”

The post VNN: Ho Chi Minh City seeks cheaper logistics appeared first on The Loadstar.

Source: The Loadstar…

BLOOMBERG reports: “Megvii, the owner of facial recognition developer Face++, is considering an initial public offering in Hong Kong that could net as much as $1 billion, people familiar with the matter said. Megvii is weighing an IPO to raise …

THE HEISENBERG writes: “We’ve variously marveled at the sheer scope and rapidity of the recent rally in risky credit, both junk and leveraged loans. In fact, the abrupt about-face that’s played out over the course of the last week feels …