Reported 1 day ago
BlackRock CEO Larry Fink's $22.8 billion takeover of two key ports at the Panama Canal has pleased President Trump but angered Chinese President Xi Jinping. The deal, part of a coalition led by BlackRock, grants control over vital shipping ports previously owned by CK Hutchison without prior approval from Chinese authorities, leading to concerns over potential national interests and retaliatory measures from China, which had expected to use the ports in negotiations with the U.S. The transaction remains subject to regulatory approval.
Source: YAHOO