Panama Financial News

Panama Canal, which has been strained by drought for months, will increase the number of ships it accepts each day starting in January, thanks to better-than-expected November rains. As many as 24 vessels will be permitted to pass through the system daily, up from 22 currently, the canal authority said in a statement Friday. A powerful El Nino has reduced rainfall in the region, sapping the canal’s water levels.

As countries at the COP28 climate talks are wrangling over deadlines for lowering their carbon dioxide emissions, a Danish-led group of countries has decided to set the ultimate goal: to remove more CO2 from the atmosphere than they emit

Federal Reserve will cut interest rates early next year. The acceleration in payrolls is at odds with recent reports that have depicted a softer hiring pace, an outcome favoured by the Fed as it will help rein in demand and tame price pressures. Officials are still expected to leave rates unchanged when they meet next week. Elsewhere, Japan’s economy contracted in the third quarter by more than initially reported, while Brazil’s barely expanded in the period.

Dec. 8th, Panama，Panama City – Gate.io, a leading crypto exchange and Web3 innovator, has announced a significant milestone for its crypto lending platform, Lend & Earn. The platform has reached an all-time high of over $500 million in capital committed by lenders, with nearly a quarter of that sum being in the form of Tether (USDT).

Dec. 6th Panama Panama City – The latest market data from Gate.io, a leading crypto exchange and Web3 innovator, shows that daily BRC-20 trading volume peaked at $116 million, with assets such as $ORDI and $PIZABRC increasing 17% and 245%, respectively. In addition, the exchange announced that BRC-20 tokens will now be included in its Proof of Reserves (PoR) reporting, which already has among the most extensive coverage of any exchange.

By Timothy Gardner

₹220 crore from a Indonesian ship that docked at Paradip port. Customs officials were notified after a crane operator spotted 22 suspicious packets. The Vietnamese crew has been detained for questioning and officials are conducting a thorough search of the ship with the help of sniffer dogs “Twenty-two packets were recovered from a crane on the ship.

(Reuters) -First Quantum (NASDAQ:QMCO) Minerals has suspended its current-year production outlook for the Cobre mine in Panama and has initiated international arbitration over a contested contract with the country's government, the miner said on Friday.

Private refiner Reliance Industries Ltd has booked two supertankers, C. Earnest and C. Genuine, which are scheduled to load crude cargoes from Venezuela between December to early January.

Panama's Supreme Court has unanimously declared a 20-year concession for a Canadian copper mine that had sparked weeks of protests as unconstitutional

PANAMA CITY (Reuters) -Canadian miner First Quantum (NASDAQ:QMCO)'s contract to operate a lucrative copper mine in Panama is unconstitutional, Panama's Supreme Court declared on Tuesday following weeks of protests against the deal.

What motivates people to donate to charities or causes they care about is often deeply personal

Panama Canal Authority said it will add extra slots allowing ships to pay big premiums to transit the waterway, which has become congested due to an ongoing drought. The special auctions allow vessels that have been waiting for a long time to pay a one-off fee — at times recently reaching several million dollars — in order to transit the canal. Only vessels that have been waiting for 10 days or more will be eligible to participate, according to an advisory.

By Valentine Hilaire and Divya Rajagopal

First Quantum Ltd.’s copper mine in Panama is winding down operations as a blockade of small boats at a port restricts key supplies such as coal for energy, a union leader said.

Shipping companies have paid a total of $235 million so far this year to jump ahead of congestion at the Panama Canal as drought has dramatically limited how many ships can enter the waterway, according to data from Waypoint Port Services Ltd. That amount is 20% higher than what companies paid during all of 2022 for expedited passage.

The standard age to retire is 65 in Canada, but if you’re in good health and expecting to live a long life, you may want to consider deferring Canada Pension Plan, says a financial planner.

China's growing influence across Central America. With the Chinese ambassador at his side, Bukele toured the seven-story building, erected at a cost of $54 million paid for by China. The building sprawls over 24,000 square meters (260,000 square feet), and contains gamer and robotics areas, interactive digital screens and both a digital library and shelves containing 360,000 books, the government said on Tuesday. A day later, the son of Nicaraguan President Daniel Ortega, Laureano Ortega, inspected 250 Chinese-made buses and thanked Beijing for the «special relationship» he asserted was lifting the nation out of poverty. «The new politics of the region has accelerated China's influence and put distance between the United States and Central America, from the leftist authoritarian Ortega regime to the right-wing authoritarian Bukele regime,» Evan Ellis, a researcher at the US Army War College Strategic Studies Institute, told AFP. Since Costa Rica switched diplomatic relations from Taipei to Beijing in 2007, China has steadily gained ground in Central America, establishing relations with Panama (2017), El Salvador (2018), Nicaragua (2021) and most recently Honduras earlier this year. «China's efforts in Central America have mostly been driven by an interest in isolating Taiwan,» Margaret Myers, a specialist in China and Latin America at the Inter-American Dialogue, told AFP. In Central America, only Guatemala and Belize are among the dwindling 13 nations that still maintain diplomatic ties with Taiwan, a self-governing island that China considers part of its territory.

Graphic detail page. ON JULY 24TH a buoy in the Manatee Bay off Florida’s southern tip measured a record-breaking sea-surface temperature of more than 101F (38°C). Normally, you’d need to take a bath to immerse yourself in water of that temperature.

Dividend stocks 2023: Shares of Man Infraconstruction Ltd, Archean Chemical Industries Ltd, Axita Cotton Ltd, Bhagiradha Chemicals & Industries Ltd, Computer Age Management Services Ltd, Gabriel India Ltd, IFL Enterprises Ltd, Indian Railway Catering and Tourism Corporation (IRCTC) Ltd, Jamna Auto Industries Ltd, K.P. Energy Ltd, Metropolis Healthcare Ltd, MRF Ltd, Info Edge (India) Ltd, NILE Ltd, Page Industries Ltd, Panama Petrochem Ltd, Procter & Gamble Hygiene & Health Care Ltd, Polyplex Corporation Ltd, Precision Wires India Ltd, Ram Ratna Wires Ltd, R R Kabel Ltd, Shradha AI Technologies Ltd, Stylam Industries Limited, Tata Steel Long Products Ltd, United Spirits Ltd, Vidhi Specialty Food Ingredients Ltd, and Yug Decor Ltd will be in focus when stock market opens today.

Cyprus Confidential is an eight-month collaboration by more than 270 journalists and 69 media organisations in 55 countries, to investigate a huge trove of leaked documents from companies that administer shell companies, in Cyprus and other jurisdictions typically used by companies wanting secrecy.