The Daily Chase: Central bankers discuss economic risks; First Quantum makes headway in Panama

​We're turning our attention to Stockholm, as one does, with a parade of central bankers taking to the stage at the Sveriges Riksbank International Symposium on Central Bank Independence.

FIRST QUANTUM TALKS WITH PANAMA PROGRESSING

It's looking like there's some signs of progress in First Quantum's dispute with the Panamanian government over the massive Cobre Panama mine. The company says it remains ready to reach a deal with the country and will agree to meet, or partially exceed, the terms set out by the government last January when it comes to payments, environmental protections and labour standards. The big sticking point up until now has been the payment side – the Panamanian government is seeking a guarantee of US$375 million per year, while First Quantum has sought a clause that could lead to lower payments if copper prices swoon. Worth noting in spite of the appearance of an olive branch, there's no deal as of yet.

THREE AMIGOS SUMMIT KICKS OFF IN EARNEST