2 Panama Canal ports have dragged Panama into a tussle between superpowers [Yahoo! Finance Canada]
CK HUTCH HLD LTD UNSP/ADR (CKHUY)
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Source: Yahoo! Finance Canada
PANAMA CITY (AP) — Two ports run for years by a Hong Kong-based company at either end of the Panama Canal have thrust Panama into a geopolitical tug-of-war between the United States and China. Even before taking office for his second term, U.S. President Donald Trump complained that China was running the Panama Canal. The Panamanian government, which operates the canal, strongly denied that. In late January, Panama's Supreme Court ruled that the concession made to a local subsidiary of Hong Kong's CK Hutchison was unconstitutional. This week, the Panamanian government occupied the two ports and designated two other companies to keep them running until the concession can be rebid. And on Thursday, investigators removed boxes of documents from Panama Ports Co. offices. China is not happy and threatened consequences for Panama. President José Raúl Mulino responded Thursday, telling China “be careful,” adding: “They need us more than we need them.” Here is a look at the ports tha
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News
- A Look At CK Hutchison Holdings (SEHK:1) Valuation After Recent Share Price Moves [Yahoo! Finance]Yahoo! Finance
- 2 Panama Canal ports have dragged Panama into a tussle between superpowers [Los Angeles Times (CA)]Los Angeles Times
- CK Hutchison's subsidiary decries Panama's "invasion" of property [Yahoo! Finance]Yahoo! Finance
- 2 Panama Canal ports have dragged Panama into a tussle between superpowers [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Yahoo Finance [Yahoo! Finance Canada]Yahoo! Finance Canada