Criticism of Hong Kong tycoon Li Ka-shing’s CK Hutchison Holdings over its Panama Canal ports sale is mounting as the two top Beijing offices in charge of Hong Kong affairs posted another commentary warning entrepreneurs who choose to “dance with Americans” will have no future even if they secure a “big deal”. The article, published…
Sharp Chinese criticism of CK Hutchison Holdings’ sale of its port assets near the Panama Canal to a US-led consortium has thrown a potential wrench into the deal, with pressure piling up on the family of Hong Kong billionaire Li Ka-shing to rethink the divestment. Analysts said the deal was not final yet due to…
Beijing’s veiled attack on Hong Kong’s CK Hutchison for selling its Panama Canal ports by posting a blistering newspaper commentary against it is an attempt to pile pressure on the conglomerate to either axe the deal or negotiate better terms that protect the national interest, observers have said. But the experts warned on Friday that…
Beijing’s veiled attack on Hong Kong’s CK Hutchison for selling its Panama Canal ports by posting a blistering newspaper commentary against it is an attempt to pile pressure on the conglomerate to either axe the deal or negotiate better terms that protect the national interest, observers have said. But the experts warned on Friday that…
Hong Kong tycoon Li Ka-shing’s company CK Hutchison Holdings, which recently sold its Panama Canal ports, should think twice about which side it wants to stand with, according to a scathing newspaper commentary posted by Beijing’s top office for the city’s affairs on its website. Citing criticisms calling the deal a “betrayal of all Chinese…
Mar 10, 2025 Full Truck Alliance (FTA), often hailed as China’s “Uber for trucks,” is contemplating a renewed push for a secondary listing in Hong Kong. According to Reuters, this reconsideration comes amid a surge in investor optimism and ongoing geopolitical frictions between China and the United States. Originally, FTA had planned a dual primary…
CK Hutchison Holdings’ decision to sell its port operations in the Panama Canal and elsewhere was aimed at mitigating geopolitical risks even though the conglomerate framed the deal as a purely commercial move, analysts and sources have said, as they urged Hong Kong’s other major companies to also prepare for unparalleled uncertainties. The company founded…
CK Hutchison Holdings’ decision to sell its port operations in the Panama Canal and elsewhere was aimed at mitigating geopolitical risks even though the conglomerate framed the deal as a purely commercial move, analysts and sources have said, as they urged Hong Kong’s other major companies to also prepare for unparalleled uncertainties. The company founded…
BlackRock stock edged higher a day after it announced a deal to help acquire two ports in Panama. President Trump has touted the deal as he seeks to more US control of the crucial waterway. It marks the largest infrastructure deal in BlackRock’s history. The move: BlackRock rose 1% at the start of trading on…
Crude oil prices began trade with a gain today as traders turned their attention to U.S. monetary policy and China’s latest move to accelerate growth through stimulus measures. At the time of writing Brent crude was trading at $72.57 per barrel, with West Texas Intermediate changing hands for $68.98 per barrel. The climb followed an…