After Trump threats, Hong Kong firm to sell stake in Panama Canal ports
Trump threatened to take back the canal because of what he called Chinese influence. CK Hutchison, a Hong Kong company, is selling its control in a firm that ran two ports on the canal.
Hong Kong billionaire to sell Panama Canal ports to US firm
A Hong Kong-based company has agreed to sell most of its stake in two key ports on the Panama Canal to a group led by US investment firm BlackRock. The sale comes after weeks of complaining by President Donald Trump that the canal is under Chinese control and that the US should take control of the major shipping route.
China blasts ‘spineless’ plan to sell Panama Canal ports to BlackRock
China has sharply criticized a proposal to sell ports in the Panama Canal to American asset management giant BlackRock, attacking the deal as “spineless groveling” and a “betrayal” of the Chinese people.
China Is Unhappy With BlackRock’s Panama Ports Deal
Beijing has signaled its displeasure over CK Hutchison Holdings’ agreement to sell its majority controlling stake in Panama ports to a BlackRock-led consortium, sending shares in the Hong Kong-based company sharply lower.
BlackRock (BLK) Stiffens as China Calls $22.8B Panama Canal Deal a National Betrayal
CK Hutchison has been urged to “think twice” about its $22.8 billion Panama Ports deal with U.S. asset manager BlackRock (BLK) because it
China calls plan to sell 2 Panama Canal ports a “betrayal”
China called the new plan for American investment firm Blackrock to buy two ports in the Panama Canal from a Hong Kong-based company "spineless groveling" and "a betrayal." The nearly $23 billion deal was considered a way to assuage concerns from president trump that China is quote "running" the canal.
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Some shipping companies are discreetly moving operations out of Hong Kong and taking vessels off its flag registry. Others ...
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MSIG expands Political Risk and Trade Credit capabilities in Hong Kong and Singapore through strategic collaboration with its USA office
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