Tag: LOGISTICS
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Hutchison Sells Global Ports to BlackRock and MSC in $22.8 Billion Deal
China’s CK Hutchison has reached an agreement to sell a majority stake in its global port operations, including the controversial Panama terminals, to a consortium led by U.S. investment giant BlackRock and MSC Group’s terminal operator, Terminal Investment Limited (TiL). The deal, valued at $22.8 billion, involves 80% ownership of Hutchison’s 43-port portfolio worldwide and…
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Massive Gold Exodus: Why the Bank of England’s Gold is Heading to the US
Recent reports have unveiled a major surge in gold shipments from the Bank of England to the United States. Commercial flights from London to the US are reportedly carrying between two to four tons of gold each, marking an intense rush to move bullion across the Atlantic. Several key factors are driving this unprecedented movement.…