Rubio said that the US would be obligated to protect the Panama Canal if it came under attack, adding that he found it “absurd that we would have to pay fees to transit a zone that we are ...

An investment group led by asset manager BlackRock has announced a deal to acquire two ports on either end of the Panama Canal for a total $23 billion, according to The New York Times. Hong Kong-based ...

A cargo ship sails through the Panama Canal, in Panama City, June 13, 2024. (AP Photo/Matias Delacroix, File) U.S. Secretary ...

BlackRock will purchase the ports of Cristobal and Balboa on the Atlantic and Pacific ends of the Panama Canal after President Trump raised concerns about Chinese influence.

The $23 billion deal, announced by Hong Kong-based CK Hutchison Holdings, transfers control of the Balboa and Cristobal ports to a consortium led by BlackRock, Global Infrastructure Partners, and ...

BlackRock, its recently acquired Global Infrastructure Partners, and Terminal Investment Limited are purchasing a 90% stake in CK Hutchinson's Panama Ports Company, which owns and operates the Balboa ...

Panama maintains that it has full control over the canal and that the Hong Kong-based group’s operation of the ports did not amount to Chinese control over the waterway, and that therefore the ...

The deal puts U.S. firms in control of two ports that President Trump raised as a security concern because of their ...

President Trump repeated vows to secure U.S. control of Greenland and the Panama Canal in his speech to a joint a session of Congress on March 4. "We need Greenland for national security and even ...