Costa Rica

Costa Rica News

  • Costa Rica’s Solis Names His Economic Team After Firings

    Updated 2 hours, 16 minutes ago

    Costa Rican President-elect Luis Guillermo Solis appointed his economic team as the Central American country moves to reassure investors and the public after two foreign investors announced plans to cut jobs.

  • Clues About the Lost Malaysia Flight Found on Rooftop Antennas

    In the chaos immediately following the disappearance of Malaysia Airlines Flight 370, a crucial source of data came from four rooftop antennas installed by aviation enthusiasts living near the flight path. The volunteers, who host the gizmos for a Houston-based company called FlightAware, captured clues aiding the search for the plane that went missing more than a month ago.

  • Citi Cuts Costa Rica Growth Forecast After Firings

    Citigroup Inc. cut Costa Rica’s growth forecast after Bank of America Corp. and Intel Corp. said they would fire 3,000 workers in the Central American nation following the opposition's victory in a presidential runoff.

  • Intel to Cut 1,500 Jobs as It Shutters Costa Rica Plant

    Intel Corp., the world’s largest computer-chip maker, is cutting 1,500 jobs as it closes an assembly and test site in Costa Rica that had served as a symbol of the Central American nation’s ties to the global economy.

  • Banana Supply Seen by UN’s FAO at Risk as Disease Spreads

    A disease damaging banana crops in Southeast Asia has spread to the Middle East and Africa, posing risks to world supply and trade totaling $8.9 billion, according to the United Nations’ Food & Agriculture Organization.

  • Solis Wins Costa Rica Presidency After Opponent Quits

    Costa Rican opposition leader Luis Guillermo Solis won a landslide election victory yesterday after vowing to tackle the corruption that had fueled voter frustration with the government of President Laura Chinchilla.

  • Costa Rica’s Solis Favored to Win Vote After Rival Quits

    Costa Rican opposition candidate Luis Guillermo Solis is set to win a presidential runoff today after the ruling party’s candidate suspended his campaign, citing “a demand for a shift in power” among voters.

  • Putin’s Debt Is Junk to Traders on Crimea: Russia Credit

    While Standard & Poor’s and Fitch Ratings consider whether Russian President Vladimir Putin’s military incursion into Ukraine warrants a sovereign downgrade, investors have already cut the nation’s bonds to junk.

  • Brazil Drought Rewarding Coffee Hoarders as Prices Soar

    Brazil’s worst drought in decades is coming with a silver lining for coffee growers responsible for one in every three cups of fresh java drunk in the world.

  • Costa Rica’s Araya Ends Presidential Campaign

    Costa Rican ruling party presidential candidate Johnny Araya ended his campaign today, effectively handing the April 6 runoff to opposition leader Luis Guillermo Solis.

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