CK Hutchison records bumper profits at ports ahead of BlackRock deal

China Condemns CK Hutchison-BlackRock Panama Canal Deal

The Hong Kong conglomerate CK Hutchison’s planned sale of ports in Panama to a group led by BlackRock, the American finance giant, is under fire from Beijing.

The New York Times - 6d

China urges CK Hutchison to ‘think twice’ on Panama ports deal

Shares hit by commentary saying $22.8bn deal with US asset manager BlackRock ‘disregards national interests’

Financial Times - 6d

Hong Kong Adds to China’s Growing Criticism of Panama Canal Deal

The city’s chief executive said a deal between the Hong Kong conglomerate CK Hutchison and BlackRock, a major American investment firm, requires “serious attention.”

The New York Times - 2d

Watch BlackRock CEO Larry Fink speak live after deal to purchase Panama ports

BlackRock agreed earlier this month to purchase a 90% stake in the Panama Ports Company.

CNBC - Mar. 10

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. Business live – latest updates China has criticised the sale of the business ...

The Guardian - 6d

Pimco books 17% instant profit on Thames Water emergency loan

Bond group records windfall on lifeline for UK utility even before deal is finalised

Financial Times - Mar. 11

Inside the new Josh Allen deal

Full breakdown of Bills QB's record deal.

Yahoo Sports - 6d

Volkswagen’s Profit Under Pressure From Tariffs and Competition

The German auto giant’s earnings fell last year as it pushed ahead with a restructuring in the face of tariff uncertainty in the United States and lost market share in China.

The New York Times - Mar. 11

Line 5, a Trump donor, is profiting off a pipeline deal threatening pollution

Trump administration accused of ‘quid pro quo’ for fast-tracking controversial fossil fuel proposal in Michigan. Donald Trump ’s administration is being accused by activists of a quid pro quo as ...

The Guardian - 4d

Sources: Browns, Garrett agree to record deal

The Browns and Myles Garrett agreed to a record contract extension that averages $40 million per year and includes $123.5 million in guaranteed money, sources told ESPN.

ESPN - Mar. 10

Planning permissions for homes in England fall to record low

Just over 30,000 projects got the go ahead, the lowest yearly figure since records started in 1979.

BBC News - 11h

PwC cuts record number of UK partners and halts tech apprenticeship scheme

Moves come as consultants strain to protect annual profit pool of close to £1mn per partner

Financial Times - Mar. 12

Sources: QB Allen, Bills reach record $330M deal

The Bills and Josh Allen have reached agreement on a record-setting six-year, $330 million contract that includes $250 million guaranteed, sources told ESPN.

ESPN - Mar. 10

Rheinmetall sales surge 36% in 2024, as company forecasts 'major' military order boom

Last year's sales boom helped push Rheinmetall's operating profit to a record high.

CNBC - Mar. 12

Ulta issues weak guidance, citing consumer uncertainty, rising competition and company missteps

Ulta Beauty warned that profits and revenue will be worse than Wall Street expected in the year ahead.

CNBC - Mar. 13

FirstFT: Tesla warns Trump administration it is ‘exposed’ in trade war

Also in today’s newsletter, top Senate Democrat backs Republican funding bill, and China criticises Panama ports deal

Financial Times - 6d

Sources: Texans' Stingley gets record deal for DB

Derek Stingley has agreed to a three-year, $90 million extension with the Texans that makes him the highest-paid defensive back in NFL history, sources told ESPN.

ESPN - 3d

BlackRock’s head of digital assets says staking could be a ‘huge step change’ for ether ETFs

Appetite for ether ETFs has been tepid since their launch last July, but that could change, according to Robert Mitchnick, head of digital assets at BlackRock.

CNBC - 8h

Plans for a Chinese Port in the Black Sea Roil Georgia Politics

Georgia’s government sparked an uproar by announcing that a port project on the Black Sea will be awarded to a company from China after canceling a contract with a consortium that included Western ...

The New York Times - Mar. 13

OpenAI strikes $12bn deal with CoreWeave

Contract is a boost to the cloud computing provider ahead of its $35bn initial public offering

Financial Times - Mar. 10

Source: Dodgers, Roberts agree on 4-year deal

Manager Dave Roberts and the Los Angeles Dodgers are in agreement on a four-year extension that will set an MLB record for average annual value, a source told ESPN on Monday, a deal that will run ...

ESPN - Mar. 10

Dick's Sporting Goods is latest retailer to forecast rocky 2025 as recession fears swirl

Dick’s Sporting Goods on Tuesday said it’s expecting 2025 profits to be far lower than Wall Street anticipated, making it the latest retailer to forecast a rocky year ahead as consumers contend ...

NBC News - Mar. 11

US port operators turn to automation

Terminals increasingly look to robots amid rising demand

Financial Times - Mar. 11

FAA extends bar on U.S. flights to Port-au-Prince through Sept. 8

The Federal Aviation Administration said on Tuesday it was extending prohibitions barring U.S. flights to the Haitian capital, Port-au-Prince, through Sept.

NBC News - Mar. 11

Texans restructure WR Christian Kirk’s contract ahead of 2025 season

As expected, the Houston Texans have a new deal in place for wide receiver Christian Kirk following his trade.

Yahoo Sports - 6d

‘World’s hottest brand’: how Miu Miu defied sales plunge in fashion industry

As luxury firms struggle worldwide, the ‘knowingly cool’ label is posting record-breaking sales figures. While profits fall across the luxury fashion industry, one kooky Italian label is posting ...

The Guardian - Mar. 8

Fresh Off a Record-Breaking Season, the NWSL Eyes Another Year of Growth

Why the National Women’s Soccer League inked sponsorship deals with Gen-Z brands like Alex Cooper’s Unwell Hydration and E.l.f. Beauty.

Inc. - 6d

Texans CB Derek Stingley setting the new standard for record-setting extensions

Texans cornerback Derek Stingley Jr. told ESPN that his new $30 million deal will mark the changing times for defensive backs to get paid.

Yahoo Sports - 1d

What are NET rankings? Quad 1 wins, more in NCAA Tournament bracket seeding

Here's what you need to know about NET rankings and Quadrant wins and record for the NCAA Tournament ahead of Selection Sunday:

Yahoo Sports - 4d

UK offers bumper pay package for new national armaments director

Salary will be up to £400,000 per year, plus an annual bonus of up to 60%

Financial Times - 2d

Clarksons shares dive after warning of threat to shipping deals

Shipbroking group blames military conflicts for fall of more than 20% despite record results

Financial Times - Mar. 10

Indiana's Yarden Garzon talks what basketball has given her ahead of Women's March Madness

Indiana's Yarden Garzon, who is from Israel and holds the program record for most career 3-pointers, talked about the stage basketball has given her.

Yahoo Sports - 4h

Germany is back, says Merz after historic spending deal

Germany's conservative leader clinches an major financial agreement ahead of a crunch vote in parliament.

BBC News - 6d

BMW posts 37% drop in annual net profit, warns of 'subdued' Chinese demand

BMW's net profits slumped by more than a third in 2024 as weaker demand in China and Germany weighed on the high-end car manufacturer.

CNBC - 6d

Myles Garrett says $40m-a-year deal with Browns about winning rather than money

Pass rusher signed record deal to stay in Cleveland Team have underperformed during Garrett’s tenure Myles Garrett has sacked 31 different quarterbacks during his eight-year NFL career. On ...

The Guardian - 6d

Record spring break travel expected despite higher costs

AAA says on average domestic air fares are up 7% from last year, while gas is cheaper. CBS News senior transportation correspondent Kris Van Cleave found some last-minute deals.

CBS News - Mar. 13

Klarna lands buy now, pay later deal with DoorDash, notching another win ahead of IPO

Klarna, the buy now, pay later lender that’s headed for an initial public offering, said on Thursday that it’s signed on DoorDash as a partner, another sign of momentum for public market investors.

NBC News - 11h

Klarna lands buy now, pay later deal with DoorDash, notching another win ahead of IPO

Klarna is partnering with DoorDash to give users of the restaurant delivery service more ways to pay for their meals.

CNBC - 9h

Women's March Madness by the numbers: Watkins ahead of Clark's 2-year point total. Now it gets tough

When Caitlin Clark set the NCAA's career scoring record last season, JuJu Watkins was widely considered the player most likely to challenge it. The two-time Associated Press All-American has ...

Yahoo Sports - 1d

CK Hutchison records bumper profits at ports ahead of BlackRock deal

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