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Panama Canal talks run into trouble over money

Last Updated: Thursday, January 9, 2014, 19:30

Negotiations over massive cost overruns in the expansion of the Panama Canal appeared to run into trouble when one of the companies involved demanded more than USD 1 billion to continue work on the project.

Panama, consortium to negotiate $1.6 bn canal row

Last Updated: Tuesday, January 7, 2014, 01:48

The Panama Canal Authority and a consortium expanding the major waterway will negotiate a solution to a USD 1.6-billion dispute threatening to disrupt the project, a Spanish mediator said on Monday.

Panama, Spain seek to resolve $1.6 bn canal row

Last Updated: Saturday, January 4, 2014, 08:26

The governments of Panama and Spain scrambled to resolve a dispute with a consortium threatening to halt expansion work on the Panama Canal over a USD 1.6 billion cost overrun.

US vice president heads to Panama for canal talks

Last Updated: Monday, November 18, 2013, 00:25

US Vice President Joe Biden begins an official visit to Panama from Monday for meetings on the expansion of the canal.

North Korea arms ship faces possible USD 1 mn fine: Panama

Last Updated: Friday, August 16, 2013, 00:30

Panama Canal authority said on Thursday it will impose as much as a USD 1 million fine on the North Korean freighter caught with an undeclared shipment of Cuban weapons.

Four militants killed in Egypt military strike

Last Updated: Sunday, August 11, 2013, 11:17

Authorities in Panama say they have found more explosives aboard a North Korean-flagged ship detained in the Panama Canal for carrying undeclared arms from Cuba.

New ancient camels named from Panama Canal excavation

Last Updated: Thursday, March 1, 2012, 15:24

The study is the first published description of a fossil mammal discovered as part of an international project in Panama.

Panama Canal traffic halted due to heavy rain

Last Updated: Thursday, December 9, 2010, 09:53

Traffic through the Panama Canal is suspended for the first time in more than 20 years due to heavy rain.