Latin America Costa Rica

  • SRI LANKA- The central bank cut its key interest rates by 50 basis points on May 31, as widely expected, to support its faltering economy as overall business and consumer confidence slumped following last month's deadly bomb attacks. TAJIKISTAN- The central bank reduced the refinancing rate to 13.25% from 14.75% on May 31. ANGOLA- Angola's central bank cut its...

  • WASHINGTON, May 14- The U.S. Federal Aviation Administration said on Tuesday it had found Costa Rica does not comply with International Civil Aviation Organization safety standards and reduced its rating to Category 2.. The FAA did not elaborate. The FAA conducted an in-country reassessment of Costa Rica in October 2018, and had met with DGAC in February to...

  • NEW YORK/ LONDON, May 3- Raw sugar future on ICE dipped on Friday, weighed down by lower ethanol prices and concerns about Indian production, while robusta coffee hit a more than three-year low. *July raw sugar settled down 0.22 cent, or 1.8%, at 12.01 cents per lb, after dipping to 11.97, the weakest for the July contract since October. *Prices were breaking out below their...

  • Employees serve customers inside a Jollibee Foods Corp. restaurant in Quezon City, Metro Manila, the Philippines.

    In business, there's nothing like a little healthy competition to keep you motivated. For the Jollibee brothers, that came early on in the sizable form of fast food icon McDonald's.

  • Shelby Rabara and Harry Shum Jr. attend the 25th Annual Screen Actors Guild Awards at The Shrine Auditorium on January 27, 2019 in Los Angeles, California.

    Actor Harry Shum Jr. has become a familiar face on screens. But it didn't come easily. In fact, he had to fight his way to the front of the camera precisely because he was different, Shum told CNBC Make It.

  • Harry Shum Jr. attends the 24th annual Critics' Choice Awards at Barker Hangar on January 13, 2019 in Santa Monica, California.

    "Crazy Rich Asians" star Harry Shum Jr. said making this payment showed him he could pursue an acting career.

  • MEXICO CITY, April 25- Mexico's largest retailer Walmart de Mexico reported on Thursday that first-quarter net profit rose 3.8 percent in a "challenging" start to the year, falling below market expectations. Walmart de Mexico's said its gross margin, a measure of profitability and efficiency, fell in Mexico by 20 basis points to 22.5 percent of profit as a...

  • SAN JOSE, Feb 28- Costa Rica on Thursday opened a major new container port on an island built off its Caribbean coast that could deliver a major boost to trade in the Central American country and increase competition for the Panama Canal. Moller-Maersk unit APM Terminals, the Moin container project in Limon province is part of a $1 billion investment 400...

  • 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.

  • MEXICO CITY, Feb 13- Mexico's largest retailer Wal Mart de Mexico blew past analyst expectations to report an 11 percent rise in fourth-quarter net profit on Wednesday, citing growth in Mexico where efficiencies and cost reductions boosted profit margins. The company known as Walmex grew its quarterly gross margin, a metric of profitability and efficiency, in...

  • *U.S. questions Maduro support in Venezuela military ranks. MONTEVIDEO, Feb 7- European and Latin American leaders called for dialog and elections to solve a deepening crisis in Venezuela on Thursday, warning against rash intervention in the country even as trucks bringing humanitarian aid lined up near the border. The group, in a communiqué after the meeting,...

  • *U.S. military ready to protect diplomats in Venezuela. MONTEVIDEO, Feb 7- European and Latin American leaders met on Thursday to seek a peaceful and political solution to Venezuela's deepening crisis, while a U.S. admiral suggested socialist President Nicolas Maduro does not have the loyalty of many within his military. Holding its inaugural meeting in...

  • MEXICO CITY, Jan 30- Costa Rica's competition regulator has rejected Wal Mart de Mexico's bid to buy a local supermarket chain, the agency's president said on Wednesday. Costa Rica's Commission for the Promotion of Competition notified Walmex in December that it opposed the deal, saying the acquisition could give the retailer enough market power to alter...

  • SEOUL, Jan 24- Kang Sung- il buys Sancho, his Pomeranian, a toy every business trip and this Lunar New Year holiday will dress him up in a new $50 suit to visit' grandma', Kang's mother. South Korea's pet industry is booming, fuelled by the same factors that have made the country's birth rate, at 1.05 births per woman, the lowest in the world: the high cost of education and...

  • MADRID, Jan 22- Spain's Telefonica is negotiating the sale of its relatively small Central American operation in a move that should allow the company to focus on core regions and reduce its large debt, it said on Tuesday. A potential deal, on which no agreement has been reached so far, could encompass all or some of the company's assets in the region, which groups...

  • *87 pct of firms to add to or keep staff due to automation-survey. BERLIN, Jan 18- Fears that robots will eliminate your job are unfounded with a growing number of employers planning to increase or maintain headcount as a result of automation, staffing company ManpowerGroup said in a survey published on Friday. "More and more robots are being added to the workforce,...

  • Star fish beach in Bocas Del Toro, Panama

    If you want to stretch your retirement dollars and enjoy outdoor activities, consider heading south. Panama, Costa Rica and Mexico are just a few of the top foreign destinations for retirees, according to International Living.

  • PARIS, Dec 27- France's Vinci is taking advantage of a Brexit hit to UK asset prices to buy a majority stake in Britain's second-busiest airport, London's Gatwick, for 2.9 billion pounds, the construction company said on Thursday. Vinci Airports President Nicolas Notebaert signalled uncertainty over Britain's departure from the European Union next March had...

  • Google CEO Sundar Pichai speaks onstage during the annual Google I/O developers conference in Mountain View, California, May 8, 2018.

    Google Maps has now become the primary arbiter of place names, the New York Times reports.