Bloomberg Cosco Shipping Holdings Co. pledged to sell a container terminal in California, helping allay concerns of US regulators and clearing the way for its $6.3 billion acquisition of Orient Overseas International Ltd. announced last year. The state-owned shipping giant signed a national security agreement with the US on July 6 to dispose of the Long Beach facility to a ...

Bloomberg The pound climbed to the strongest level in almost a month on optimism that a crisis engulfing UK Prime Minister Theresa May’s government won’t spiral into a leadership challenge. Sterling gained against both the dollar and the euro in London trading as traders judged the resignation of Brexit Secretary David Davis would make a soft exit from the EU ...

Bloomberg Daimler halted deliveries of a type of diesel engine for trucks as a precautionary measure, after the company said it found issues that could lead to emissions “slightly” exceeding nitrogen oxide limits under certain conditions. The Stuttgart-based company reported its findings to Germany’s Federal Motor Transport Authority (KBA) at the end of June, and is in a “constructive dialog” ...