(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…
By lodging its case with the WTO, the Hong Kong government may think it is taking a principled stance against US trade bullying. Unfortunately, this bully can’t be reasoned with; he beats his chest each time he flouts international law and norms shouting, “America first”. After all, this is US President Donald Trump 2.0 who…
China has summoned the Panamanian ambassador to complain about the country’s decision to pull out of the Belt and Road Initiative. Assistant foreign minister Zhao Zhiyuan said on Friday that Beijing “deeply” regretted the decision, according to the foreign ministry. Panamanian President José Raúl Mulino said he had given the required 90-day notice of withdrawal,…