Deal struck to bring ports on both sides of Panama Canal under American control
A Hong Kong-based conglomerate has agreed to sell its controlling stake in a subsidiary that operates ports near the Panama Canal to a consortium including BlackRock Inc., effectively putting the ports under American control after President Donald
U.S. president Donald Trump recently accused the Panamanian administration of allowing China to control the Panama canal.
Decision by Hong Kong-based conglomerate comes as US president pushes for greater control of critical trade route.
Hong Kong conglomerate CK Hutchison Holdings Limited's ports subsidiary plans to invest $1 billion to upgrade its operations ...
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