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.
Hong Kong will sell its Panama Canal ports to U.S. and Swiss investors after Trump pressured for reduced Chinese influence. Follow Newsweek's live blog.
An investor group led by BlackRock will acquire two ports near the Panama Canal that are owned by CK Hutchison and have been ...
ONE of the biggest deals in years has a clear winner on Wall Street: Goldman Sachs Group. Read more at The Business Times.
Decision by Hong Kong-based conglomerate comes as US president pushes for greater control of critical trade route.
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