China said Panama risks paying a “hefty political and economic price” following the cancellation of Hong Kong-based CK Hutchison Holdings’ contract to operate two major ports serving the Panama Canal.
“The Panamanian authorities’ insistence on this despite widespread concerns is tantamount to shooting themselves in the foot,” China’s Hong Kong and Macau Affairs Office said in a commentary posted on its WeChat account on Tuesday. The decision by the Panama Supreme Court “is legally unfounded and…
Five reasons behind the massive sell-off – Firstpost
IBM shares plunged 25 per cent on Tuesday, their biggest one-day decline in nearly 60 years, wiping out around $70 billion in market value after the technology giant warned of…