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BlackRock to take control of Panama Canal in Wake of US Concerns Over Chinese Influence

The NY Post
Article Source: The NY Post

Article Source: The NY Post

  • A consortium of firms led by BlackRock is buying two key ports in the Panama Canal from a Hong Kong-based firm as part of a $23 billion deal after President Donald Trump expressed concern that the strategic waterway was falling under Chinese influence.
  • The deal would shift control of the strategic ports of Balboa and Cristobal into American corporate hands, a move that aligns with the Trump administration’s concerns over foreign influence near the canal. Read More

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