Panama City - President Ricardo Martinelli told Venezuela on Friday that its decision to break off ties with Panama should not serve as an excuse to renege on its debt exceeding $1 billion.Martinelli's warning came a day after Venezuela ordered the expulsion of Pana...

Panama City - President Ricardo Martinelli warned Venezuela Friday that its decision to break off relations with Panama should not be used as an excuse to renege on its more than $1 billion debt."I don't want to think that this is an excuse not to pay and that the V...

Panama City - The Venezuelan government ordered Panama's ambassador and three other diplomats at the mission to leave the country within 48 hours, a Panamanian official said Thursday, a day after Caracas broke ties with Panama City."We received a note from the forei...

Panama City - A row over $1.6 billion in cost overruns on construction to widen the Panama Canal has been resolved, the parties said Friday, ensuring completion of the massive project.The Panama Canal Authority and the consortium "Grupo Unidos por el Canal" (GUPC) a...

Panama City - A Spanish-led consortium resumed work to expand the Panama Canal, which handles five percent of global seaborne trade, after an acrimonious two-week stalemate over $1.6 billion in cost overruns.Grupo Unidos por el Canal (GUPC), which sent its workers b...

Panama City - Work to widen the Panama Canal will resume on Thursday, an official said, two weeks after the huge project was suspended over $1.6 billion in cost overruns.Canal administrator Jorge Quijano told AFP that the consortium involved, Grupo Unidos por el Can...

Panama City - Negotiations to end a row that has stopped work on the Panama Canal expansion have hit "serious disagreements," the canal administrator has said.Work has been suspended for two weeks, as the main contractor, the GUPC consortium led by Spanish group Sac...

Panama City - Panama has reached partial agreements with construction companies that halted work to expand the Panama Canal in a dispute over a huge cost overrun, its administrator said Wednesday.Agreements in principle have been reached on some issues although othe...

Panama City - Panama President Ricardo Martinelli blamed the Panama Canal's former administrator for the crisis surrounding its massive expansion project -- where work has been halted over a billion-dollar payment dispute.Martinelli said Alberto Aleman Zubieta was "...

Panama City - Work on expanding the Panama Canal is unlikely to resume Saturday as local officials face negotiations with foreign builders after the project was halted in a dispute over cost overruns.

Panama City - An international consortium at loggerheads with Panama over work to expand the Panama Canal has presented a proposal to end a dispute over a $1.6 billion cost overrun, the group said.

Panama City - "Works are continuing" on expanding the Panama Canal, a source in the Spanish company leading the project said on Wednesday, denying an assertion by the canal administrator that they were suspended amid a row over cost overruns.

Panama City - Panamanian authorities have released 32 of the 35 North Koreans detained since July after an undeclared cargo of Cuban arms was found on their ship, prosecutors said Thursday.

Justin Bieber and his entourage, for this trip including his mentor, Usher and manager Scooter Braun, have decamped to Panama. While the Grammys were on — he was not nominated this year — Bieber and co. were on a Panamanian beach.

Panama City - The Panama Canal authority and a consortium working on widening the waterway have given themselves until February 1 to resolve a bitter financial dispute that threatens the project, the consortium said Thursday.

Panama City - Work to enlarge the Panama Canal will be completed in 2015 no matter what, Panamanian Finance Minister Frank De Lima said on Wednesday, despite the continuing feud over cost overruns with contractor GUPC.

Panama City - A consortium working on widening the Panama Canal presented a proposal Tuesday that officials here said could provide a way out of a bitter financial dispute that threatens the project.

Panama City - A consortium working on expanding the Panama Canal proposed Monday that local authorities cofinance a huge budget shortfall that sparked a bitter dispute threatening the project.

Panama City - Work on expanding the Panama Canal went ahead at a reduced pace Monday despite the builder's threat to shut down the project over huge cost overruns, officials said.

Panama City - No end was in sight Sunday to a financial row over cost overruns on Panama's canal expansion that could threaten the megaproject key to world trade.