Costa Rica Long-Term Ratings Lowered To 'BB-'Friday, February 26, 2016 Noting the political system's inability to agree on fiscal issues, Standard & Poor's has downgraded, from BB to BB-, the rating for the country's long-term debt, giving it a negative outlook. Costa Rica Long-Term Ratings Lowered To 'BB-' On Continued Fiscal Deterioration; Outlook Is Negative S & P Downgrades El Salvador's DebtFriday, October 14, 2016 The ratings agency has reduced the rating for long-term sovereign debt from B + to B, arguing that political capacity to resolve the fiscal problem is shrinking. From a press release by Standard & Poor´s: Stocks Lower After Day of Wild SwingsFriday, October 10, 2008 On Friday, the Dow closed down about 100 points, its eighth consecutive decline. Between the start and the finish was a day in which the Dow Jones industrial average swung 1,000 points and a wild final hour in which the market moved from almost 400 points down to 300 points higher, only to close down 128 points or 1.4 percent. Unified Currency vs DollarizationFriday, October 9, 2009 "Almost all independent countries choose to assert their nationality by having, to their own inconvenience and that of their neighbours, a peculiar currency of their own". This phrase by John Stuart Mill is the header of an analysis on the subject published by the Central American Monetary Council. The Lehman effect on Costa RicaWednesday, September 17, 2008 Analysts and economic gurus are forecasting a dark future for the Costa Rican economy, after the failure of Lehman Brothers. Things could get worse with the announce on Sunday of the sudden sale of Merrill Lynch, in which the Central Bank of Costa Rica probably has some assets, to Bank of America. Chaotic Day Ends With Stocks Off 3.8%Monday, October 6, 2008 Panic came to Wall Street on Monday morning, but its stay was brief, at least for one day. The Dow Jones industrials finished more than 360 points lower, dropping below the 10,000 mark for the first time in five years, as markets around the world spiraled downward in the face of a banking crisis that has tightened its grip on the global economy. Wall Street continues to rise while it awaits approval of the Paulson PlanTuesday, September 30, 2008 The New York Stock Exchange was rising after its historic fall yesterday in hopes that the rescue plan will finally be approved. At 16H00 GMT, the Dow Jones Industrial Average (DJIA) rose 266.74 points to 10,632.19 after having fallen close to 800 points on Monday. Stocks Plunge Again; Dow Under 9,000Thursday, October 9, 2008 A late-day decline once again pushed the markets down sharply, with the Dow falling more than 600 points. The Dow Jones industrial average lost 678.91 points, or 7.3 percent, on the day, while the broader Standard & Poor’s 500-stock index ended down 7.6 percent. The technology-heavy Nasdaq was down 5.47 percent. Stocks Soar by 11% After Aid to BanksMonday, October 13, 2008 The Dow Jones industrial average opened 400 points higher and never looked back, led by big gains in financial stocks. Last week’s stock sell-off gave way to a big rally, with the Dow Jones industrial average having its largest-ever point gain. The surge came as countries around the world took steps to ease the financial crisis, ushering in a drastic reshaping of the banking industry even as doubts lingered about its long-term effects. Another 50 million Consumers in Latin AmericaTuesday, November 13, 2012 In just six years the number of people in Latin America with middle class purchasing power increased from 103 to 152 million. Beyond showing the extraordinary achievement that it means to have taken 50 million out of poverty, the report "Economic Mobility and the Rise of the Latin American Middle Class'', by the World Bank, points clearly to one of the fundamental reasons for global investor interest in the countries of the region: it has 50 million more consumers. Guatemala: Competition for RemittancesThursday, May 3, 2012 $4.5 billion a year comes from the U.S., generating a fierce battle between 22 banks and transfer companies that compete for the market. The stiff competition for larger pieces of the cake that makes up remittances is leading banks and financial companies to sign alliances and join forces. Economía Social Solidaria = Sharing EconomyThursday, July 16, 2015 The twin sister of an old concept of cooperatives which today enemies of capital want to reinvigorate, the ultramodern collaboratively economy creates value by using the internet through more efficient use of available resources. EDITORIAL Salvadoran stock exchange analyzes financial crisisTuesday, October 14, 2008 The global financial crisis and its implications for El Salvador are topics that will be analyzed by Rolando Durate Schlageter, president of the Stock Exchange, on Wednesday 15 October. The theme of the conference by Duarte will be "The international financial crisis and its implication for El Salvador," and will be held at the Campestre Club at 7:00 a.m. The Lehman effect on HondurasWednesday, September 17, 2008 "The global financial crisis has cause the main investment bank in the US to go bankrupt and will produce an strong impact on the Honduras' weak economy. "Economic growth will stop, limiting access to credit and as a result the upward trend of interest rates will continue," the ex-president of the Central Bank of Honduras, Maria Elena Mondragon, warned. Some effects of the financial crisis in GuatemalaFriday, September 19, 2008 This week, the news is about the continued crisis in the US financial sector and its impact on the economic sectors around the world. At the time of this writing, one of the main investment banks (Morgan Stanley) was about to enter negotiations for its purchase by a Chinese bank. And while we have heard a lot of information about names related to the financial sector in the US such as Goldman, Washington Mutual, Citigroup, etc., the question that arises is will this financial crisis affect Guatemala, and how? |
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