Latin America Panama

  • BRUSSELS, Aug 6- HSBC's Swiss private banking arm has agreed to pay nearly 300 million euros to settle a tax fraud case in Belgium, Belgian prosecutors said on Tuesday, the latest blow for the Alpine state's banking sector from the EU. UBS, which is under investigation in Belgium for a similar case, denies the charges. Swiss banks have been exposed to such legal...

  • BRUSSELS, Aug 6- HSBC's Swiss private banking arm, has agreed to pay nearly 300 million euros to settle a tax fraud case in Belgium, Belgian prosecutors said on Tuesday. They alleged that HSBC helped and encouraged tax fraud by creating off-shore companies in Panama and other tax heavens in the Caribbean for wealthy Belgian clients "with no other purpose but to...

  • The practice of turning off AIS by some vessels from countries such as Iran has become common to evade closer scrutiny as the United States pushes to cut off Iranian oil exports. Tensions spiked between Iran and Britain this month when Iranian commandos seized a British-flagged tanker in the Strait of Hormuz, the worlds most important waterway for oil...

  • LONDON/ DUBAI/ PANAMA CITY, July 26- Somewhere on its journey from the waters off Iran, around Africa's southern tip and into the Mediterranean, the Grace 1 oil tanker lost the flag under which it sailed and ceased to be registered to Panama. The ship carrying 2 million barrels of Iranian crude was seized by British Royal Marines off Gibraltar, raising tensions in the...

  • PANAMA CITY, July 20- Panama's maritime authority said on Saturday it had begun the process of withdrawing the registration of an oil tanker called MT Riah, which was towed to Iran after it disappeared from ship tracking maps in the Strait of Hormuz on July 14. Iran has said it towed a vessel into its waters from the strait after the ship issued a distress call.

  • DUBAI, July 16- Emirates is to start flights to Mexico with a stopover in Spain, a so-called fifth freedom flight that could anger critics and rival airlines in the United States and Europe. The Dubai state-owned carrier said on Tuesday it would start daily flights to Mexico City International Airport via Barcelona on Dec. 9, the airline's first service to Mexico.

  • BOGOTA, July 14- Colombia has put a patch of banana crops in the north of the country under quarantine on suspicion they are infested with a fungus that is seen as potentially devastating to the country's banana exports, the agriculture minister said on Sunday. Colombia is one of the world's leading banana exporters after Ecuador, Costa Rica and Guatemala.

  • PANAMA CITY, July 4- Panama's Maritime Authority said on Thursday that Grace 1, a giant Iranian oil tanker seized by British Royal Marines in Gibraltar, was no longer listed in Panama's international boat registry as of May 29. The Panamanian authority added that Grace 1 had been de-listed after receiving an alert indicating that the ship had participated in or...

  • PANAMA SAYS WAS NOTIFIED OF INTERNATIONAL ALERT INDICATING GRACE 1 WAS PARTICIPATING IN OR LINKED TO TERRORISM FINANCING.

  • PANAMA SAYS GRACE 1 TANKER SEIZED BY BRITISH ROYAL MARINES IN GIBRALTAR NOT LISTED IN PANAMA INTERNATIONAL BOAT REGISTRY, FOLLOWING MAY 29 CANCELLATION.

  • *Grace 1 apparently sailed from Iran- mapping data. *US, Iran in confrontation over unravelling nuclear deal. LONDON/ DUBAI, July 4- British Royal Marines seized a giant Iranian oil tanker in Gibraltar on Thursday for trying to take oil to Syria in violation of EU sanctions, a dramatic step that drew Tehran's fury and could escalate its confrontation with the West.

  • GENEVA, July 4- The United States and 15 other countries launched a broadside of criticism at the European Union on Thursday, saying its "hazard-based" approach to regulating pesticides and other "critical tools" used by farmers was damaging livelihoods worldwide. Their statement, submitted to the World Trade Organization, said the EU's approach created great...

  • June 13- Here is the latest from Reuters on attacks on two tankers on Thursday south of the Strait of Hormuz, through which almost a fifth of the world's oil is shipped:. *There had been an engine room fire on the tanker, which was carrying a cargo of methanol from Saudi Arabia to Singapore. *A second ship, the Marshall Islands- flagged Front Altair, was "suspected of being...

  • June 13- Here is the latest from Reuters on attacks on two tankers on Thursday south of the Strait of Hormuz, through which almost a fifth of the world's oil is shipped:. *There had been an engine room fire on the tanker, which was carrying a cargo of methanol from Saudi Arabia to Singapore. *A second ship, the Marshall Islands- flagged Front Altair, was "suspected of being...

  • June 13- Here is the latest from Reuters on suspected attacks on two tankers on Thursday south of the Strait of Hormuz, through which a fifth of the Middle East's oil is shipped:. *A second ship, the Front Altair, was "suspected of being hit by a torpedo" at around 0400 GMT, said Taiwanese refiner CPC Corp, which had chartered the vessel. *All 44 sailors from the two ships have...

  • MEXICO CITY, June 10- Mexico and the United States may explore additional steps next month to restrict illegal immigration from Central America, with the threat of tariffs hanging over Mexico if it does not do enough to satisfy U.S. demands, officials said on Monday. Mexican Foreign Minister Marcelo Ebrard said Brazil, Panama, and Guatemala may need to be brought...

  • MEXICO CITY, June 10- Mexico and the United States might consider additional steps next month to restrict illegal immigration from Central America, including measures to bind Brazil and Panama into their efforts, Mexico's foreign minister said on Monday. Foreign Minister Marcelo Ebrard said the measures could be needed if a deal announced last week between...

  • MEXICO CITY, June 10- Mexico and the United States might consider additional steps next month to restrict illegal immigration from Central America, including measures to bind Brazil and Panama into efforts to combat the issue, Mexico's foreign minister said on Monday. Foreign Minister Marcelo Ebrard said the measures could be needed if a deal announced last...

  • BOGOTA, June 6- Colombia coffee shop chain Juan Valdez will focus on expanding its presence in Latin America, including returning to Mexico and debuting in Argentina, before it looks further afield to Asia and Europe, the chain's president said. The chain has some 300 stores in Colombia and 131 in 13 other countries, including Ecuador, Chile, the United States, Spain...

  • SINGAPORE, June 6- Shanghai copper slipped to a two-year low on Thursday, tracking falls in London's previous session, amid mounting concerns on weak metals demand due to rising trade tensions. The most-traded copper contract on the Shanghai Futures Exchange fell as much as 1.3% to 45,860 yuan a tonne, its lowest since June 2017, and was down 1% at close.