Panama Canal, China and Investment Firms
Digest more
Top News
Impacts
The face-off tests how far Xi Jinping, China’s top leader, is willing to go to exercise his control over business in Hong Kong.
From The New York Times
Chinese authorities have reacted negatively to plans by the conglomerate to sell its ports assets, while the deal was hailed by U.S. President Donald Trump who said he wants to retake control of the s...
From Reuters
Read more on News Digest
Gianluigi Aponte’s MSC has spent more than $40 billion buying everything from ships to hospitals. Then it teamed up with BlackRock to buy 43 ports from Hong Kong billionaire Li Ka-shing.
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.
Panama has invested $6 billion in modernizing the Panama Canal.Trump is threatening to take it back.
Potential plans range from partnering more closely with Panamanian security forces to a less likely option of U.S. troops' seizing the canal by force, U.S. officials told NBC News.
CNN on MSN10d
Trump’s plan to take control of the Panama Canal meets resistance. Investors are spookedOfficials in Beijing and Hong Kong spoke out Tuesday against a proposal to sell ports in the Panama Canal to a consortium led by BlackRock, sending shares in the Hong Kong-based conglomerate that owns the ports plummeting. It’s unclear how regulators ...
Chinese President Xi Jinping is angry about the plans of a Hong Kong company to sell the ports of the Panama Canal to a consortium led by the American BlackRock fund. This is reported by The Wall Street Journal,