Panama Financial News

solar eclipse produces a mesmerizing "ring of fire." These unique celestial occurrences are similar to total solar eclipses, with one crucial difference — the moon is positioned at the farthest point in its orbit from Earth, preventing it from completely obscuring the sun. This results in a breathtaking display as the sun's brilliant light encircles the moon's shadow.

Solar Eclipse will be visible across most American cities for the first time since 2012. This Eclipse is called a ‘Ring of Fire’ because it appears in a distinctive shape of the Sun which is caused by the Moon partially blocking it. When the Moon moves between the Sun and the Earth, and conceals the Sun partially, a dazzling ring becomes visible in the sky.

Mexico's president says he rejected a U.S. request to set up migrant transit centers in Mexico

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

National Center for Atmospheric Research said. Surface temperatures across a key part of the equatorial Pacific could peak at 2.4C degrees above normal in December, January and February, which would match the 1997-98 event and fall just below 2015-16’s 2.6 degrees. The question, however, is what this will mean for the world’s weather in a year that has seen record hot ocean water the world over. “When El Niño is clearly the loudest voice in the room, as it was during the 1997­–98 El Niño, the atmospheric response is clear,’’ Emily Becker, a climatologist and co-author of the National Oceanic and Atmospheric Administration’s ENSO Blog. “However, when the western Pacific and the rest of the tropics are also warm, the response may be more muddled.” This is the open question.

The backbone of global trade comes at a significant environmental cost. According to research conducted by academics in the US, emissions from approximately 90,000 cargo vessels worldwide result in 60,000 annual fatalities and incur healthcare expenses of up to $330 billion per year because of lung and heart ailments.

real estate holdings that are sought to be kept secret. The aim is to improve tax transparency and compliance. This push could eventually lead to a new global reporting framework for property assets.

Berkeley Earth, which focuses on environmental data science and analysis, said last month was the warmest August since records began to be kept in 1850, with «particularly warm conditions» prevailing in parts of India, Japan, North Atlantic, Eastern Equatorial Pacific, Northern South America, Central America, parts of Africa and the Middle East. The National Oceanic and Atmospheric Administration (NOAA), a US government agency, said on Thursday that 2023 witnessed Earth's hottest August in its 174-year climate record. The sizzling month also marked the northern hemisphere's warmest meteorological summer and the southern hemisphere's warmest meteorological winter on record, the NOAA's National Centres for Environmental Information said. Berkeley Earth said August 2023 exceeded the previous record set in August 2016 by 0.31 degrees Celsius, «a surprisingly large margin, well outside the margin of uncertainty». Its researchers said: «We estimate that 13 per cent of the Earth's surface experienced its locally warmest August average, and 87 per cent of the Earth's surface was significantly warmer when compared to its local average during the period from 1951 to 1980.» In total, they estimated that 65 countries (mostly in the tropics) witnessed their warmest August on record. These countries include Bahrain, Barbados, Brazil, Cambodia, Cameroon, Chad, China, Colombia, Cuba, Iran, Iraq, Japan, Kenya, Mexico, Morocco, Niger, Panama, Peru, the Philippines, Qatar, Russia, Rwanda, Saudi Arabia, Sri Lanka, Sudan, Suriname, Turkiye, Venezuela and Yemen. Some of these countries broke their August records by extraordinary margins.

Hong Kong was crowned the best-prepared jurisdiction for widespread cryptocurrency adoption in 2023, retaining its crypto-readiness prowess for the second year in a row. 

A non-custodial Bitcoin-only exchange with a head office in Canada, Bull Bitcoin, has formed a partnership with SINPE Movil, Costa Rica’s principal fiat payments system, and Bitcoin Jungle, a local crypto wallet solution.

By Marianna Parraga

By Jonathan Saul

Morgan Stanley is returning to a bearish view on emerging-market currencies, citing concerns over China’s growth risks that not only weigh on the yuan but also further pressure a weak global economy.

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.

The latest report by the Organised Crime and Corruption Reporting Project (OCCRP) against Adani Group has erupted a new political and economic storm in India. The report has alleged Gautam Adani's family of investing millions of dollars in its own companies via “opaque" Mauritius funds. The report mentions two of company associates, Chang Chung-Ling and Nasser Ali Shaban Ahli, and alleges them of investing heavily in Adani group's companies shares since 2013.

Cryptocurrency exchange Binance is expanding its offerings in Latin America with the launch of a new crypto-to-bank account payment solution for the region.

Following Binance's suspension of its cryptocurrency debit card services, Binance is introducing a new product in Latin America called "Send Cash," which enables users from 9 countries in the region to transfer crypto using Binance Pay.

The office of Lebanon's caretaker Prime Minister Najib Mikati says a three-year probe against him and his family over corruption allegations has been closed by Monaco's judicial authorities for lack of evidence

Here we list out details in regard to the some of the dividend stocks: Reliance Industries: The company declared a final dividend of ₹9. Shares will trade ex-dividend on August 21. ICICI Securities: The company declared a final dividend of ₹9.25.

Enforcement Directorate on Saturday seized an asset worth ₹36.80 crore from a Goa-based miner's son, identified as Rohan Timblo. The seizure was part of the investigation into the Pandora Papers Leak. The probe revealed his alleged undisclosed foreign exchange outside India.