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Trump hails 'reclaiming' of Panama Canal

Hosted on MSN · 3h

Trump hails 'reclaiming' of Panama Canal after BlackRock-led group's deal to buy stake

U.S. President Donald Trump has hailed a deal led by U.S. firm BlackRock to buy most of the $22.8 billion ports business of Hong Kong conglomerate CK Hutchison, including assets it holds along the Panama Canal.

Li Ka-Shing’s CK Hutchison To Sell Panama Canal Ports To BlackRock As Part Of $23 Billion Deal

The deal comes after U.S. President Donald Trump repeatedly threatened to take control of the Panama Canal and end what he sees as China’s influence over the waterway critical to global trade.

CBS News on MSN · 15h

BlackRock strikes $23 billion deal to place Panama Canal ports under American control

Hong Kong-based conglomerate has agreed to sell shares of its units that operate two key ports in Panama to BlackRock consortium.

1hon MSN

CK Hutchison shares set to open up 2.9%, extending previous day's gains

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 ...

Channel NewsAsia Singapore1h

CK Hutchison shares jump, extending gains on ports deal

Shares of CK Hutchison rose 12.4 per cent in Hong Kong on Thursday, extending the previous day's 21.9 per cent gain after the ...

1d

After Trump Applies Pressure, Wall Street Giant Moves Into Panama

An investor group led by BlackRock will acquire two ports near the Panama Canal that are owned by CK Hutchison and have been ...

1don MSN

CK Hutchison Holdings to sell unit operating ports near Panama Canal amid Trump pressure

Decision by Hong Kong-based conglomerate comes as US president pushes for greater control of critical trade route.

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