BlackRock Stock Falls Amid China's Threats to Block Panama Ports Deal
TL;DR
BlackRock's stock (BLK) declined after China threatened to block its $22.8 billion Panama Ports deal with CK Hutchison, unless Chinese state-owned shipping giant Cosco is included as a partner, amid geopolitical tensions and regulatory hurdles.
- BlackRock Stock (BLK) Drops as China Threatens to Scupper $22.8B Panama Ports Deal TipRanks
- Exclusive | China Threatens to Block Panama Ports Deal Unless Its Shipping Giant Is Part of It The Wall Street Journal
- House China Committee Raises Alarm over PRC Influence on the Panama Canal Select Committee on the CCP | (.gov)
- China could block sale of port terminals: Report FreightWaves
- China threatens to squash Panama ports deal unless its shipping giant gets an equal stake: report New York Post
Want the full story? Read the original reporting
Read on TipRanks