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THE TRUTH ABOUT: 2 - The Untold Story

Chinese anger at sale of Panama Canal ports to US investor highlights tensions between the two superpowers

When Hong Kong-listed conglomerate CK Hutchison announced it was selling its two port concessions on the Panama Canal to a US consortium led by New York-based giant BlackRock, the Chinese government issued a strongly worded rebuke.

The Conversation

Hong Kong's Embattled CK Hutchison Says Profits Down In 2024

Embattled Hong Kong conglomerate CK Hutchison Holdings, caught in a US-China spat over control of the Panama Canal, said on Thursday that profits fell 27 percent in 2024.

International Business Times

Hong Kong's richest man, Li Ka-shing, is in hot water over his company's Panama Ports deal

Hong Kong tycoon Li Ka-shing’s business empire is in the crosshairs after CK Hutchison Holdings chose to sell its Panama Canal port assets to a consortium that includes U.S. investment firm BlackRock Inc., apparently angering Beijing

The Independent UK

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China Casts Doubt Over Panama Port Deal With U.S. Company As Trump Vows To 'Reclaim' Canal

Chinese authorities are investigating the sale of CK Hutchinson Holding's port businesses after the company's decision to sell the operation of Panama ports to BlackRock

Latin Times

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.

International Business Times

China criticises Hong Kong firm’s sale of majority stake in Panama ports

Commentary urged CK Hutchison to ‘think twice’ about ‘what position and side they are on’ in sale to US investors

The Guardian - UK

Beijing criticizes CK Hutchison’s $23 billion Panama Canal deal by reposting commentary that slams it as ‘an act of submission’

CK Hutchison dropped by over 6% in Hong Kong trading on Friday, even as the city's benchmark Hang Seng Index rose by over 2%.

Fortune

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US Moves Closer to Controlling Panama Canal as BlackRock-Led Deal Buys Chinese-Held Ports

The US moves closer to regaining influence over the Panama Canal as a BlackRock-led deal secures Chinese-held ports, sparking geopolitical tensions.

International Business Times UK

Trump touts TSMC, natural gas, and Panama Canal deals to Congress in a premature victory lap

Trump pointed to three deals he claimed were proof of how his officials were bringing jobs back to the U.S., opening up new markets, and ensuring U.S. security.

Fortune

Hong Kong Company Sells Panama Ports To BlackRock Following Trump's Threats To Take Over Canal

Hong Kong-based CK Hutchison sold control of a unit that operates ports near the Panama Canal to BlackRock as Trump alleges the canal is controlled by China

Latin Times

US pressure has forced Panama to quit China’s Belt and Road Initiative – it could set the pattern for further superpower clashes

Following Donald Trump’s repeated claims that the US needs to “take back” the Panama canal from Chinese control, the US secretary of state, Marco Rubio, visited Panama to demand the country reduce China’s influence. On the surface, it seems Rubio has succeeded.

The Conversation

CK Hutchison: The Hong Kong Firm Behind Panama Port Operators

A sprawling business empire built by Hong Kong billionaire Li Ka-shing is caught in the crossfire as the extent of Chinese influence over the Panama Canal is debated.

International Business Times

British Regulator Approves Vodafone UK, Three Merger

Vodafone and Three, the UK division of Hong Kong-based CK Hutchison, are set to create Britain's biggest mobile phone operator after the country's competition regulator backed the deal Thursday.

International Business Times

Mobiles mega merger of Vodafone and Three gets go ahead from regulator

The deal will reduce the number of mobile infrastructure operators in the UK from four to three and is expected to formally complete during the first half of 2025

Evening Standard

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The Independent UK

Vodafone, Three to merge UK mobile phone operations to capitalize on 5G rollout

Two of the U.K.’s biggest mobile phone operators have agreed to merge their businesses to capitalize on the rollout of next-generation 5G wireless technology in the country

TechRadar

Vodafone and Three announce UK mega-merger

Deal would create the UK's biggest mobile firm, worth around £15bn.

Al Jazeera

UK sewage scandals put Hong Kong billionaire in firing line

Hong Kong firm’s $1bn deal to sell stake in water company receives cool response in UK after pollution controversies.

The Guardian - UK

Vodafone confirms talks with Three UK about merger

Combined networks would be Britain’s biggest mobile operator, challenging EE and O2

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The Guardian - UK

Workers’ anger at cost of living as strong as time of poll tax riots, union boss says

Sharon Graham, head of Unite, on picket line with Felixstowe dock strikers, says people could rise up again as they did in the 1990s

Benzinga

Jefferies Downgrades Vodafone For First Time In 2 Years

Jefferies downgraded Vodafone Group Plc (NASDAQ:VOD) for the first time in two years, citing the telecom group's vulnerability in tackling rising inflation and headwinds in Germany, Reuters notes. Analyst Jerry Dellis noted that Vodafone is facing intense competition in several key markets amid rising costs. He downgraded the company to Hold from Buy. Also Read: Vodafone…

Benzinga

Morning Brief: Top Financial Stories Dominating on Thursday, May 12

CNBC Instacart Confidentially Files For US IPO

Benzinga

Vodafone Mulls Merging UK Unit With CK Hutchison's Three

Telecoms group Vodafone Group Plc (NASDAQ:VOD) is in talks to combine its U.K. operations with Three UK, the mobile operator owned by Hong Kong infrastructure conglomerate CK Hutchison Holdings LTD (OTC:CKHUY), the Financial Times reports. The deal could help consolidate the British mobile market as Vodafone faces pressure from Europe’s most prominent activist investor, Cevian…

The Independent UK

Buyer of Three network owner to sell 1,000 mobile towers to allay price fears

Competition and Markets Authority said £8.6 billion European deal for CK Hutchison will only be allowed if it sells off parts of the network in UK.

Daily Record

Council challenged over refusal of new 5G mast in Perth

CK Hutchison Networks (UK) sought approval to position the mast on a path next to Dunkeld Road last year but the local authority refused saying it "would tower above all surrounding features"

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