Latin America Panama

  • *Ports in Finland, Lithuania, Ireland, Russia restrict scrubbers. Singapore, China and Fujairah in the United Arab Emirates have already banned the use of the cleaning systems, called open loop scrubbers, from the start of next year when the new IMO rules come into force. Reuters has learned that individual ports in Finland, Lithuania, Ireland and Russia, have all...

  • BUENOS AIRES, March 16- Argentina has temporarily closed its airspace to flights using Boeing 737 MAX aircraft, following similar measures taken by other countries in the region after two fatal crashes involving the plane, the state-run news agency said on Saturday. The decision comes after the crash as week ago of a Boeing 737 MAX operated by Ethiopian...

  • SAO PAULO, March 15- Colombian airline Avianca Holdings canceled an order of 17 Airbus A320 Neo aircraft and delayed deliveries on 35 others, according to a securities filing on Friday. Avianca said this would reduce its financial commitments between 2020 and 2022 by $2.6 billion. Avianca, United Continental Holdings Inc and Panama's Copa Holdings announced...

  • SAO PAULO/ PANAMA CITY, March 13- Latin America's two largest nations Brazil and Mexico on Wednesday suspended Boeing Co's 737 MAX aircraft from flying, mirroring actions by European, Chinese and U.S. authorities after the crash of an Ethiopian Airlines plane. But by late Wednesday four Latin American nations announced the suspension of operations of the 737...

  • BOGOTA, March 13- Colombia's civil aviation authority said on Wednesday it would not allow Boeing Co 737 MAX 8 planes to fly into its airspace after the grounding of the aircraft by several nations, while the cause of the deadly crash of an Ethiopian Airlines plane is investigated. The authority said no Colombian airline operates the B737 MAX 8 aircraft but after...

  • *New evidence, satellite data led to grounding of planes- FAA. The new information from the wreckage in Ethiopia and newly refined data about the plane's flight path indicated some similarities between the two disasters "that warrant further investigation of the possibility of a shared cause," the FAA said in a statement. The acting administrator of the FAA,...

  • SAO PAULO/ PANAMA CITY, March 13- Brazil on Wednesday became the first major Latin American nation to suspend Boeing 737 MAX 8 aircraft from flying after a request from the country's federal chief prosecutor following Sunday's deadly crash of an Ethiopian Airlines plane. Air travel regulators in Latin America had been reluctant to ground planes, relying on the...

  • WASHINGTON, March 13- The United States on Wednesday joined Europe, China and other countries in grounding Boeing Co's 737 MAX jets, because of safety concerns after an Ethiopian Airlines plane crash that killed 157 people, the second disaster involving the 737 in less than five months. The U.S. Federal Aviation Administration cited new satellite data and...

  • PANAMA CITY/ SAO PAULO, March 13- Panama's Copa Holdings said on Wednesday it would suspend operations of its six Boeing 737 MAX 9 aircraft, the latest airline in the region to ground planes in the wake of Sunday's crash of an Ethiopian Airlines plane. As of Wednesday night, regulators in Brazil, Argentina and Mexico, the largest air travel markets in the region, had...

  • BRUSSELS, March 12- European Union finance ministers are unlikely to adopt a new blacklist of tax havens at their monthly meeting on Tuesday, the meeting chair, Romanian Finance Minister Eugen Teodorovici, said. The EU tax commissioner Pierre Moscovici arrived at the meeting saying that a new list would be adopted. France's Finance Minister Bruno Le Maire said...

  • SINGAPORE, March 12- Commodity trader Trafigura is shipping gasoline and gasoline blendstocks to South America from Asia in a crude tanker, according to trade sources, with one of them saying the cargo was around 1 million barrels. The unusual move comes at a time when gasoline supply is tightening in the destination region due to maintenance at refineries in...

  • PANAMA CITY, March 11- Panama's Copa Airlines said on Monday it is awaiting the results of a probe into the crash of an Ethiopian Airlines Boeing 737 MAX 8 plane on Sunday, and will follow recommendations issued by the manufacturer and the relevant authorities.

  • *Luxembourg bucks trend, posts highest level of foreign deposits. BRUSSELS, March 11- Foreign deposits dropped in most euro zone states in the second half of 2018, after banks were hit by money-laundering scandals, European Central Bank data showed, a trend that could expose one of the bloc's weak spots in tackling financial crime. Large holdings of foreign...

  • March 10- U.S. investment firm Blackstone Group LP said on Sunday that funds affiliated with Blackstone Infrastructure Partners invested in Carrix Inc, the largest marine terminal operator in the United States and the Americas. The company did not disclose the terms of the transaction. Carrix is the parent of SSA Marine and its related affiliates with...

  • The scandal first came to light via investigations by U.S. authorities into Latvia's ABLV bank, which they accused of institutionalised money laundering, and Pilatus Bank in Malta, whose chairman was charged in the United States over money laundering and bank fraud. Another central player in the saga is Bill Browder, a critic of Russian President Vladimir...

  • *Shares in Norway's DNB fall on report. HELSINKI, March 4- Nordea, the Nordic region's largest bank, handled some 700 million euros in suspicious transactions between 2005 and 2017, Finnish broadcaster Yle reported on Monday, citing leaked documents. Yle, part of a group of media companies working on wider allegations of money laundering in the Baltics linked to...

  • MADRID, Feb 21- Spanish telecoms group Telefonica expects 2 percent organic growth in revenue and core profit this year after underlying revenue rose in the fourth quarter. Spain's fourth-biggest company said the growth forecasts assumed constant exchange rates everywhere apart from Venezuela and excluded adjustment for hyperinflation in Argentina.

  • Feb 20- Millicom International Cellular, a cable and mobile operator in Latin America and Africa, said on Wednesday it has bought for $1.65 billion the mobile telecommunications assets of Spain's Telefonica in Panama, Costa Rica and Nicaragua.

  • *EU lawmaker says list misses Russia, Azerbaijan, London. STRASBOURG, Feb 13- The European Commission added Saudi Arabia, Panama and four U.S. territories to a blacklist of nations it considers a threat because of lax controls on terrorism financing and money laundering, the EU executive said on Wednesday. The move is part of a crackdown on money laundering after...

  • A man counts Saudi riyal banknotes at his jewelry shop in Tiba market in the capital Riyadh on October 3, 2016.

    Apart from reputational damage, inclusion on the list complicates financial relations with the European Union.