Latin America Costa Rica

  • SAN JOSE, Oct 1- Costa Rica's congress on Tuesday approved a $350 million loan from the Inter-American Development Bank to lower its debt, which is equal to more than half of the Central American nation's gross domestic product. The IDB loan has a 20- year term with a five-year grace period, Costa Rica's office of the president said. In an earlier effort to cut...

  • NEW YORK, Sept 22- Japan's new environment minister, Shinjiro Koizumi, pledged on Sunday to mobilise young people to push his coal-dependent country towards a low-carbon future by making the fight against climate change "sexy" and "fun." Koizumi was speaking on the eve of a United Nations climate summit in New York where activists plan to float a blimp showing Prime...

  • LONDON, Sept 22- Confident it can crack the $300 billion U.S. clothing and shoes market where many other foreign retailers have failed, Britain's Primark is ready to raise its bet on the country by securing new sources of fast fashion in central America. Primark, whose trendy clothes at rock-bottom prices have taken UK shoppers by storm, opened in Boston in 2015 and...

  • UNITED NATIONS, Sept 16- As some world leaders question whether the world is facing a climate emergency, more than a dozen cities are stepping up to tackle global warming and sustainable development and will next week pledge to report their progress to the United Nations. Sixteen cities will commit to implementing global goals to end poverty, inequality and...

  • UNITED NATIONS, Sept 16- As some world leaders question whether the world is facing a climate emergency, more than a dozen cities are stepping up to tackle global warming and sustainable development and will next week pledge to report their progress to the United Nations. Sixteen cities will commit to implementing global goals to end poverty, inequality and...

  • Hammock-Exit-Plan-Retire-Abroad-Costa-Rica-CNBC.jpg

    A new report by International Living, a guide to retirement abroad, ranks the best destinations by their weather. The locales at the top feature steamy beaches as well as cooler highlands.

  • BOGOTA, Sept 5- Colombian regulators on Thursday ordered popular delivery app Rappi to comply with electronic commerce laws, saying the company is offering services that go beyond basic contact between clients and suppliers. The Superintendency of Industry and Commerce also said it was opening an investigation of the app- which specializes in on-demand...

  • LONDON, Sept 2- Emerging market policymakers slashed interest rates in August, taking their lead from major central banks including the U.S. Federal Reserve and the European Central Bank and joining in efforts to shore up their economies. Some of the August interest rate cuts- like in Mexico and Thailand- took markets by surprise.

  • LIMA/NEW YORK, Aug 14- Latin American cocoa could soon demand a minimum price of $3,200 per tonne if a proposal from Peru finds support at a gathering of regional producers on Thursday, one month after their counterparts in West Africa announced a shift in how they price beans. Support for a price floor in Latin America has grown since West Africa's pricing reform,...

  • CNBC's Frank Holland with an update on illicit alcohol sales. Facebook and Instagram are now responding to how alcohol is sold through their platforms after reported deaths in Costa Rica and the Dominican Republic.

  • CNBC's Frank Holland reports on the illicit alcohol market. After resort deaths in the Dominican Republic and Costa Rica were reported, an investigation into illicit alcohol was opened.

  • 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.

  • 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...

  • Costa Rica, one of Central America's smaller producers but known for its high-quality beans, shipped 136,112 60- kg bags in June. During the first eight months of the current 2018-19 harvesting season, Costa Rica exported 858,505 bags, down about 13% compared with the same eight-month period during the 2017-18 crop. The coffee season in Central America and...

  • LONDON, July 2- Emerging market central banks accelerated interest rate cuts in June, with policymakers rushing to trim benchmarks as major central banks including the U.S. Federal Reserve and the European Central Bank adopted a more dovish tone. DOMINICAN REPUBLIC- Policymakers cut interest rates by 50 basis points to 5% on June 30. https://bit.ly/2Jg2erB.

  • 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.