Country: Panama
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Panama Canal Port Operator Calls Audit Claims ‘Contrary to Reality’
The Hong Kong firm in charge of two key Panama Canal ports rejected on Wednesday an audit that said it had failed to pay the $1.2 billion due under its concession. Panama Ports Company (PPC), a subsidiary of Hong Kong conglomerate ...
U.S. Will Not Let China Disrupt Panama Canal: Pentagon Chief
By María Isabel Sánchez The United States will not allow China to jeopardize the operations of the Panama Canal, U.S. Defense Secretary Pete Hegseth warned during a visit to the Central American nation on Tuesday. ...
Legal Wrangles Increase Around Panama Ports
The signing of a deal to sell two ports in Panama by the Hong Kong ports company CK Hutchison to the U.S. investment group BlackRock could be delayed by legal proceedings. While China’s competition regulator has undertaken a review of the deal amid growing criticism, Panama’s government ...
Panama Wants ‘Respectful’ Ties With U.S. Amid Canal Threats
Panama hopes to maintain a "respectful" relationship with the United States, even as President Donald Trump has repeated threats to retake the Panama Canal, Foreign Minister Javier Martinez-Acha said Saturday. His comments came ahead of a visit next week by U.S. ...
Ports, Power, and Politics: Behind the High-Stakes Battle Over CK Hutchison’s Panama Deal
By Alonso Illueca, CGSP Non-Resident Fellow for Latin America and the Caribbean This week, a multibillion-dollar deal was set to shift control of some 43 ports across 23 countries—but now, it’s at the center of an escalating geopolitical battle. The agreement ...
U.S., China Raise the Stakes in Panama Canal Ports Row
By Holmes Chan, with Luna Lin in Beijing China's fury at the sale of Panama Canal ports to a U.S.-led consortium reflects how container hubs have become prized currency as Beijing and Washington vie for global influence, analysts say.
China Increasing Pressure on Panama Ports Deal
The Chinese authorities are reportedly telling state-owned enterprises to pause new business with companies linked to Li Ka-Shing and his family, the latest signal that Beijing is unhappy with the decision by Li’s CK Hutchison Holdings to sell two strategic ports in Panama to a U.S. consortium—part of ...
Beijing Resumes Criticism of CK Hutchison Over Panama Ports Deal
Beijing authorities kept up their pressure on CK Hutchison on Wednesday, resuming criticism of the Hong Kong conglomerate's sale of its Panama Canal ports. The business empire built by Hong Kong billionaire Li Ka-shing offloaded its global ports business outside China this ...
China Pushes Back Against Panama Port Sale
Chinese authorities are probing the recently announced sale of ports in Panama by the Hong Kong company CK Hutchison Holdings. Several agencies, including the State Administration of Market Regulation, are reportedly scrutinizing the deal for possible security breaches or antitrust violations. This follows U.S. President Donald Trump ...
Hong Kong Leader Says Concerns Over Panama Ports Deal Warrant ‘Attention’
Hong Kong leader John Lee on Tuesday said criticism of city conglomerate CK Hutchison's sale of its Panama Canal ports deserved "serious attention", after Beijing authorities repeatedly slammed the deal. The business empire of Hong Kong's richest man, Li Ka-shing, sold ...
Hong Kong’s Hutchison Under Fire Again for Panama Ports Deal
Hong Kong conglomerate CK Hutchison is under renewed pressure from Beijing after selling its Panama Canal ports, with Chinese authorities publishing newspaper criticism of the deal for the second time in three days. Last week, the business empire of Hong Kong's ...
CK Hutchison Stocks Dive After Chinese Criticisms of Ports Deal
Stocks in Hong Kong conglomerate CK Hutchison tumbled Friday after Chinese officials overseeing the city reposted a newspaper opinion piece blasting the sale of its lucrative Panama Canal ports following pressure from Donald Trump. The president has complained that China controls ...