AFP Panama is preparing to officially open its canal shortly to far bigger cargo ships after nearly a decade of expansion work aimed at boosting transit revenues and global trade. A VIP ceremony will be held on the banks of the canal to inaugurate the completion of the works. President Juan Carlos Varela will unveil the new locks and …

  Bloomberg Canadian Natural Resources Ltd., the nation’s largest heavy-oil producer, was fined C$500,000 ($384,500) for breaching environmental laws in 2010 and 2012. The company was penalized C$350,000 for an incident on May 28, 2010, at its Horizon facility when the plant’s sulfur-recovery unit failed and hydrogen sulfide escaped, the Alberta government said in a statement Friday. It had reported …

  Bloomberg Monsanto Co. and Argentina announced an agreement for the collection of royalties for genetically modified soybeans, ending years of dispute between the world’s largest seed company and the third-largest grower of the crop. “The state will have full control of seed commercialization in order to ensure private companies like Monsanto will be able to collect royalties payments,” Agriculture …