BlackRock Agrees to Buy Panama Canal Ports as Trump Continues Threats
BlackRock, America’s largest asset manager which handles over $11 trillion in assets, has agreed to purchase two ports on either end of the Panama Canal. BlackRock is buying the ports from Hong Kong-based CK Hutchison in a deal worth about $22.8 billion.
The deal could have 'unintended consequences' for Hong Kong's role as a super-connector between China and the world. Read ...
Shares of CK Hutchison were set to open up 2.9% in Hong Kong on Thursday, extending the previous day's 21.9% gain after the ...
Shares in CK Hutchison soared 25 per cent in Hong Kong on Wednesday (Mar 5) after it agreed to sell its lucrative Panama ...
CK Hutchison Holdings Ltd., el conglomerado con sede en Hong Kong, acordó vender el control de una unidad que opera puertos ...
Decision by Hong Kong-based conglomerate comes as US president pushes for greater control of critical trade route.
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