Through the Chinese government's Belt and Road Initiative, Chinese companies acquired or built major port facilities in 129 ...
Donald Trump has said repeatedly that he wants to “take back” the Panama Canal but has not offered specifics about how he ...
Most of the stakes in key ports on the Panama Canal are owned by a Hong Kong-based company and are set to be sold off after ...
Trump threatened to take back the canal because of what he called Chinese influence. CK Hutchison, a Hong Kong company, is ...
CK Hutchison’s stakes near the Panama Canal came under recent scrutiny, especially among US government officials and ...
BlackRock’s move reflects the view that America’s best chance to counter China will hinge on private investment.
Trump and his team are right to recognize Panama’s strategic importance, but they are wrong in how they are approaching the ...
The deal comes after U.S. President Donald Trump repeatedly threatened to take control of the Panama Canal and end what he ...
BlackRock, the world’s largest asset manager with a portfolio of investments valued at $11.5 trillion, has agreed to purchase majority stakes in ports on both sides of the Panama Canal from Hong ...
Hong Kong-based conglomerate has agreed to sell shares of its units that operate two key ports in Panama to BlackRock ...
China’s footprint in Panama has expanded significantly over the past eight years. Many in the U.S. see the move as a security threat – not just President Donald Trump. But Panama has already ...
The $23 billion deal, announced by Hong Kong-based CK Hutchison Holdings, transfers control of the Balboa and Cristobal ports to a consortium led by BlackRock, Global Infrastructure Partners, and ...