Alexandra's Feed
Apr 8, 2014

Costa Rica’s next president wants narrower currency band

SAN JOSE (Reuters) – Costa Rica’s president-elect wants to see the national currency trade in a narrower band to avoid volatility that has sent it on a roller coaster ride over the last few months, the center-left former diplomat said.

Costa Rica’s colon, which trades in a band set by the central bank that is currently between around 500 and 825 colones per dollar, is down 9 percent this year, after firming in December.

Apr 7, 2014

Costa Rica leftist easily wins presidential run-off

SAN JOSE, Costa Rica (Reuters) – A centre-left academic who has never held elected office easily won Costa Rica’s presidential election on Sunday, ousting the graft-stained ruling party from power after its candidate quit campaigning a month ago.

Former diplomat Luis Guillermo Solis, of the Citizen Action Party (PAC), won more than three-quarters of votes by tapping in to public anger at rising inequality and government corruption scandals.

Apr 7, 2014

Costa Rica leftist wins presidential run-off

SAN JOSE, Costa Rica (Reuters) – A center-left academic who has promised to attack corruption easily won Costa Rica’s presidential election run-off on Sunday, storming ahead of his ruling party opponent who gave up campaigning a month ago.

Former diplomat Luis Guillermo Solis of the Citizen Action Party (PAC) had never before been elected to office but he tapped into public anger over rising inequality and government corruption scandals.

Apr 7, 2014

Costa Rica leftist seen winning one-horse presidential run-off

SAN JOSE, Costa Rica (Reuters) – A center-left academic who campaigned on a popular anti-corruption message and has never been elected to office is expected to win Costa Rica’s presidential run-off on Sunday after his opponent slid in polls and stopped campaigning.

Luis Guillermo Solis, a former diplomat, rode a wave of anti-government sentiment over rising inequality and graft scandals to finish ahead in February’s first-round vote, when pollsters had predicted he would come in fourth.

Apr 6, 2014

Leftist seen easily winning Costa Rica presidency after rival pulls out

SAN JOSE, April 6 (Reuters) – A center-left academic who has
never been elected to office is expected to easily win Costa
Rica’s presidential election run-off on Sunday, after his ruling
party rival unexpectedly ditched his bid last month.

Luis Guillermo Solis, a former diplomat, rode a wave of
anti-government sentiment over rising inequality and corruption
scandals to finish ahead in a first round of voting in February,
surprising pollsters who had placed him fourth.

Apr 1, 2014

Mexican growth to pick up ‘more clearly’ in second-half: Sanchez

MEXICO CITY (Reuters) – Mexico’s economy should rebound more clearly in the second half of the year as growth picks up for top trade partner the United States, a central bank deputy governor said on Tuesday.

Mexican growth sank to a four year low of 1.1 percent last year, as industry and spending disappointed, clouding hopes for a robust recovery this year.

Mar 17, 2014

Great expectations: reform lag tempers Mexican hope for growth

MEXICO CITY, March 17 (Reuters) – After a rush of euphoria
triggered by the promise of sweeping reforms to boost the
Mexican economy, growth is failing to live up to expectations
and small business owners like Enrique Paz are feeling the
pinch.

A series of tax increases and a roll-back in fuel subsidies
is denting consumption and it will likely be 2015 at the
earliest before the economy starts to feel any boost from a
landmark opening of the state-controlled energy sector.

Mar 12, 2014

Mexico faces rising risks to growth: top official

MEXICO CITY (Reuters) – The Mexican economy faces increased risks as the U.S. Federal Reserve rolls back its massive stimulus, but the government will for now stick with its forecast for 3.9 percent growth this year, a top official said on Wednesday.

Data last month showed the economy slowed sharply in the fourth quarter of 2013, dragging annual growth to a four-year low and prompting analysts to lower forecasts for 2014.

Mar 7, 2014

In twist, Mexico says non-telecom Slim firms dominate telecoms

MEXICO CITY (Reuters) – Mexico’s telecoms regulator on Friday declared two of billionaire Carlos Slim’s major financial and industrial companies “dominant” in telecommunications, but has yet to slap the tag on Slim’s flagship telecom company.

It is widely expected that Slim’s telecom company America Movil will be declared dominant, or having an outsized share in its market, although a spokesman said the company has not yet been notified.

Mar 7, 2014

In twist, Mexico says Slim’s non-telecoms firms dominant in telecoms

MEXICO CITY (Reuters) – Mexico’s telecoms regulator on Friday declared two of billionaire Carlos Slim’s major financial and industrial companies “dominant” in telecommunications, but has yet to slap the tag on Slim’s flagship telecoms company.

Slim’s telecoms company America Movil (AMXL.MX: Quote, Profile, Research) is widely expected to be declared it is dominant, or has an outsized share, in its market, though it has yet to be notified. Mexico is seeking to spur competition in the tight-knit phone and TV industries.