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BlackRock investment firm inks $23B deal for Panama Canal ports
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Approved, Fox Business, National

BlackRock investment firm inks $23B deal for Panama Canal ports

By Eric Revell  | Fox Business BlackRock on Tuesday announced the purchase of the ports at the Panama Canal that President Donald Trump raised security concerns regarding their connections to China. BlackRock announced the $22.8 billion deal with CK Hutchison's subsidiary Hutchison Port Holdings, which will see the firm acquire the Panama ports of Cristobal and Balboa, which are located at the Atlantic and Pacific ends of the canal, respectively. It will also acquire Hutchison's controlling interest in 43 ports in 23 other countries. The world's largest asset manager will partner with Terminal Investment Limited (TiL) to operate the ports in concert with the BlackRock subsidiary Global Infrastructure Partners (GIP). READ THE FULL STORY AT FOX BUSINESS
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Rubio’s good start blunting Chinese influence in Panama
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Approved, National, Washington Examiner

Rubio’s good start blunting Chinese influence in Panama

By Washington Examiner The selection of former Sen. Marco Rubio to become the nation’s secretary of state sent the message that shoring up Latin America will be a top priority for the new administration. Early returns suggest the selection is paying off. Rubio’s trip to Panama, his first stop as the nation’s most senior Cabinet member, delivered a significant concession from the Panamanian government. Following his meeting with Rubio, President Jose Raul Mulino, after months of denying President Donald Trump’s claims that China controlled the Panama Canal, announced that his country will not renew a 2017 infrastructure funding agreement with China.  As a result, Panama will cease participating in China’s Belt and Road Initiative once th...
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