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…
Catch up on some of SCMP’s biggest China stories of the day. If you would like to see more of our reporting, please consider subscribing. 1. China pledges to spend more an hour before Donald Trump promises to cut back Two starkly divergent views of the future were laid out on opposite sides of the…
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…
(Reuters) – CK Hutchison stock gained more than 22% on Wednesday after the Hong Kong conglomerate sold a majority stake in a $22.8 billion ports unit, including assets along the Panama Canal, to a group led by U.S. buyout firm BlackRock. The sale includes 90% of Panama Ports Company, which has operated the Balboa and…
Hong Kong stocks rose on Wednesday, led by a record surge in one of the city’s largest companies after CK Hutchison Holdings disposed of assets near the Panama Canal amid US-China tensions and an unfolding trade war. The Hang Seng Index advanced 1.1 per cent to 23,203.85 as of 11.12am local time. The Hang Seng…