City Panama Financial News

Panama's president has signed into law an indefinite moratorium on new mining concessions

By Valentine Hilaire and Divya Rajagopal

Panama's government has nearly approved a new bill revoking a controversial mining contract

Protests in Panama have extended into a second week over a long-term copper mining concession for a Canadian company

By Valentine Hilaire

Protesters marched across Panama against a contract extension for copper mining in a biodiverse region

Sharif was convicted, and subsequently forced to stay in self-imposed exile in London. This is also the second time when Sharif has ended his self-imposed exile and returned to his homeland. The first instance goes back to 2007.

The Panama Canal is reducing the maximum number of ships allowed to travel the waterway to 31 per day due to a drought that has cut the supply of fresh water needed to operate the locks

By Marianna Parraga

By Elida Moreno

Panama Canal, according to one company active in the market. The high payment — in addition to a standard transit fee of around $400,000 — was made recently by one unnamed party in order to get a slot allowing its carrier to transit the waterway more quickly, shipping company Avance Gas Holding Ltd. said in its earnings report this week. The Panama Canal Authority, which holds auctions for those wishing to queue jump, said in an email Thursday that the fees haven’t reached a new high this year, without providing further details. The authority said the highest bids are typically won by carriers transporting liquefied petroleum gas or liquefied natural gas. A queue of ships waiting to use the canal has been growing in recent months as drought means there’s less water to fill the waterway’s locks.

By Elida Moreno and Marianna Parraga

There are two matches to be held on August 8: Colombia vs Jamaica and France vs Morocco. Let’s have a look at both of them. Colombia entered the Round of 16 with two wins, one against South Korea and the other against the mighty Germany.

The managers of the Panama Canal say they expect income from the waterway to drop, after authorities were forced to limit the number of ships passing through each to 32 due to a lack of rainfall

The crypto hardware wallet producer Ledger is looking to expand into the Latin America region, and is targeting growth in “Central and South America.”

New Delhi: The Election Commission of India and Electoral Tribunal (ET) of Panama on Friday signed a Memorandum of Understanding in Panama City to establish the institutional framework for their ongoing cooperation in the field of election management and administration, the government said in a press release. A three member ECI delegation led by Chief Election Commissioner of India Rajiv Kumar held interactions with Presiding Magistrate, Electoral Tribunal of Panama Alfredo Juncá Wendehake on strengthening collaboration and knowledge exchange between the two Election Management Bodies (EMBs).

Held on: Friday, June 30, 2023 Stadium: New Jersey Red Bull Arena Kick-off time: 8:30 pm ET Where to Watch: In the US, th

Panama's crypto bill saga has reached a new chapter, with the country's Supreme Court deciding the future of the local crypto industry.

 

Last week, the Celsius Network wrote its name in the alarming recent history of the crypto market failures alongside Terra. The American platform has unstaked $247 million worth of Wrapped Bitcoin (wBTC) from the Aave protocol and sent it to crypto exchange FTX while putting the withdrawal option for users on a stop.