Trump gets a boost as Panama court voids Hong Kong firm's canal contract [CNBC]
CK HUTCH HLD LTD UNSP/ADR (CKHUY)
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Source: CNBC
The outcome is widely seen as a victory for the Trump administration, which is seeking to counter any Chinese influence in the region. Shares of Hong Kong-listed CK Hutchison fell nearly 5% on the news. In this article The Portuguese cargo ship MSC Maxine is pictured at the Port of Balboa at the entrance to the Panama Canal in Panama City on April 23, 2025. The Port of Balboa is managed by CK Hutchison Holdings, based in Hong Kong. Martin Bernetti | Afp | Getty Images Panama's top court has ruled against Hong Kong-based CK Hutchison , saying a concession held by a subsidiary of the firm to operate ports at either end of the Panama Canal was unconstitutional. The outcome is widely seen as a victory for the Trump administration's security ambitions in the Western Hemisphere, with the U.S. seeking to counter China's strategic influence in the region. In a brief statement published late Thursday, the Supreme Court of Panama said the terms under which Panama Ports Company (P
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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