Hong Kong firm to sell Panama Canal stake to BlackRock-backed group amid Trump pressure

[shockedcanadian]

Pressure has been working for Trump. Will his replacement in four years be able to carry on? He has done quite a lot for two months, imagine after two years?

Loading…

www.reuters.com

March 4 (Reuters) - Hong Kong's CK Hutchison
, opens new tab on Tuesday agreed to sell its interests in a key Panama Canal port operator to a BlackRock Inc-backed consortium, following intense pressure from U.S. President Donald Trump to curb China's influence in the region.

The $22.8 billion sale, which also includes dozens of ports in other countries, appeared to be a win for Trump's aggressive diplomacy just hours before he is due to tout the successes of the first six tumultuous weeks of his second term in an address to the U.S. Congress. Trump had refused to rule out military action to assert U.S. control over the canal.

 

[Manonthestreet]

Not sure I like this .....

 

[Dante]

Pressure has been working for Trump. Will his replacement in four years be able to carry on? He has done quite a lot for two months, imagine after two years?

Loading…

www.reuters.com

March 4 (Reuters) - Hong Kong's CK Hutchison
, opens new tab on Tuesday agreed to sell its interests in a key Panama Canal port operator to a BlackRock Inc-backed consortium, following intense pressure from U.S. President Donald Trump to curb China's influence in the region.

The $22.8 billion sale, which also includes dozens of ports in other countries, appeared to be a win for Trump's aggressive diplomacy just hours before he is due to tout the successes of the first six tumultuous weeks of his second term in an address to the U.S. Congress. Trump had refused to rule out military action to assert U.S. control over the canal.

From one meg corporate entity to another.

nothing will be changing.

Panama controls the canal before deal and after deal.

 

[The Irish Ram]

BlackRock is a WEF proponent. Them jumping on the Panama issue is problematic.

 

[Admiral Rockwell Tory]

Not sure I like this .....

Why? What could be the downside?

 

[The Irish Ram]

Part of the "rulers" of BlackRock is a Singapore, state owned, conglomerate. Vanguard is huge and forces green on politicians globally. They are anti America, and pro global dominance. They need us weak.

The primary controversy surrounding Vanguard centers around accusations that the company, as one of the largest asset managers globally, wields excessive influence over the market by using its significant stock holdings to pressure companies towards specific environmental, social, and governance (ESG) policies