No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeArchiveTico Assets Frozen in Refco Bankruptcy Should Be Safe

Tico Assets Frozen in Refco Bankruptcy Should Be Safe

COSTA Rican assets that werefrozen as part of the bankruptcy proceedingsfor the U.S.-based futures and commoditiesbrokerage house Refco appearto be safe, as they were invested in U.S.Federal Government bonds, which aregovernment-insured, the daily LaRepública reported.Because the bonds are in the namesof institutions or private parties, theywill be returned to the owners after thejudge in the bankruptcy hearing sets adate. In the meantime, the bonds willcontinue to accrue interest, the dailyreported.The Costa Rican brokerage firmsAldesa Valores, INS Valores, Mercado deValores, and Popular Valores all havehad assets frozen in the proceedings.

Trending Now

Costa Rica’s Eyelash Viper Snake Is One of the Most Beautiful

There are at least 141 different species of snakes in Costa Rica. With that large number of species packed into such a tiny nation,...

Costa Rica to Launch Electric Air Taxis for Sustainable Travel in Guanacaste

Costa Rica is poised to revolutionize its transportation landscape with the introduction of electric air taxis, offering a sustainable alternative to traditional ground travel...

Chiquita Brands Leaves Panama Amid Protests, Talks Underway to Resume

Laid-off workers from the U.S.-based banana company Chiquita Brands said on Monday that they are hoping for the company’s return to Panama, after it...

Why Costa Rica Feels Like a Safe Haven for This Longtime Expat

If someone asked me to sum up why I live in Costa Rica in 5 words or less, my answer could well be: “It...

Honduras Seizes $2 Million, Gold-Plated Pistols in Drug Raid

Honduran authorities struck a blow against drug cartels, seizing over $2 million in cash, war rifles, and flashy gold-plated pistols in Copán, a northwest...

Life After MS-13 in El Salvador as Residents Seek a Fragile Peace

Esperanza Martinez lost three relatives who were murdered and saw numerous bodies left in the streets of her neighborhood, a former stronghold of the...
Avatar
spot_img
Costa Rica Tours
Costa Rica Coffee Maker Chorreador
Costa Rica Coffee Maker Chorreador
Costa Rica Travel Insurance
Costa Rica Rocking Chait
Costa Rica Travel

Latest News from Costa Rica