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.
Hong Kong-based conglomerate CK Hutchison have entered into a landmark transaction of selling a majority stake in its ports ...
As Trump orders the military to look at “reclaiming” the Panama Canal, companies like BlackRock stand to profit.
Trump threatened to take back the canal because of what he called Chinese influence. CK Hutchison, a Hong Kong company, is ...
CK Hutchison dropped by over 6% in Hong Kong trading on Friday, even as the city's benchmark Hang Seng Index rose by over 2%.
A state-owned Hong Kong media outlet said CK Hutchinson's sale of ports at the Panama Canal to a BlackRock-led consortium is a betrayal.
House Democrats launched efforts last week to block Trump from using military to occupy Canada, Greenland or the Panama Canal ...
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