China warns Panama as Hong Kong firm contests ruling on canal ports [Yahoo! Finance]
CK HUTCH HLD LTD UNSP/ADR (CKHUY)
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Source: Yahoo! Finance
its contract to operate two ports on the strategic Panama Canal amid pressure from the United States. The announcement on Wednesday comes as the Chinese government's Hong Kong and Macau Affairs Office (HKMAO) said that Panama's ruling against CK Hutchison subsidiary – the Panama Ports Company – was “absurd”, “shameful and pathetic”. The Panamanian court had “ignored the facts, breached trust, and seriously damaged the legitimate rights and interests of enterprises in Hong Kong, China”, the HKMAO said on Tuesday. “China has sufficient means and tools, and sufficient strength and ability to defend a fair and just international economic and trade order,” the office said. “Heavy prices both politically and economically will surely be paid” by Panama if it insists on going ahead with the ruling, the office warned. The decision last week by Panama's Supreme Court to annul the Hong Kong firm's contract to operate two ports on the canal followed after US President Donald Trump threa
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News
- Billions In Chinese Investment To Flee Panama - Beijing Livid Over Canal Ports Decision [zero hedge]zero hedge
- Panama's president says port contracts will not be issued to a single operator [Yahoo! Finance Canada]Yahoo! Finance Canada
- Panama will not be threatened by China over canal court ruling, leader says [Yahoo! Finance Canada]Yahoo! Finance Canada
- The US wants to push China out of Latin America. The Panama Canal is the latest test [CNN]CNN
- The US wants to push China out of Latin America. The Panama Canal is the latest test [CNN]CNN