A Hong Kong-based conglomerate has agreed to sell its controlling stake in a subsidiary that operates ports near the Panama Canal to a consortium including BlackRock Inc., effectively putting the ports under American control after President Donald Trump alleged Chinese interference with the operatio
  • @cydEnglish
    37•23 hours ago

    Alternative take: Li Ka Shing took advantage of the Trump bullshit to sell off two port operations at the top of the market, right before a global recession. CK Hutchinson’s share price went up by a fifth when this deal got announced; Blackrock is down.

    • @SlopppyEngineerEnglish
      14•22 hours ago

      And just before Panama has to cease operation because climate change is drying things up there and soon it’s choosing between having drinking water or operating the locks on the canal.

  • shoulderoforion
    11•23 hours ago

    Rubio went down there, looked the Panamanians directly in the eye and said the US was going to invade, and shoot everyone in their Government in the face, if they didn’t do exactly what they were told to do

  • @Loduz_247English
    18•1 day ago

    BlackRock: I was always there

  • @QuarterSwedeEnglish
    16•1 day ago

    I hate you as a company but I gotta respect the grift on this one. Well played BlackRock.