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Leaked bank files show HSBC ‘helped clients dodge taxes’

A cache of secret bank files shows that HSBC's Swiss banking arm helped wealthy customers avoid taxes and hide millions of dollars, according to a report by a network of investigative journalists released Sunday.

Costa Rica moves to free-floating currency

Costa Rica announced that it would remove the country’s nine-year-old currency band system in favor of a floating exchange against the U.S. dollar, according to a statement from the Central Bank Saturday.

3 Quepos bank employees arrested on money laundering charges

Agents from Costa Rica's Judicial Investigation Police, or OIJ, on Thursday morning arrested three employees of the BAC San José branch in Quepos, a port town next to the popular central Pacific tourist destination of Manuel Antonio, on suspicion of money laundering. A fourth suspect, believed to be the ringleader of the operation, is still at large, according to law enforcement sources.

European Union offers $3.4 billion aid package for Latin America

The European Union plans to offer Latin America 2.5 billion euros ($3.4 billion) in development aid over the next seven years to fund projects ranging from security to education.
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Costa Rica Approves New Rules for Nighttime Ambulance Flights

Costa Rica has approved a national protocol governing nighttime air ambulance flights, closing out roughly ten months of uncertainty that began when Civil Aviation...

Thousands Fill San José Plaza in Defense of Costa Rica’s Judiciary

Thousands of Costa Ricans packed the Plaza de la Democracia in San José last evening and spilled across several blocks of Avenida Segunda, closing...

Is Costa Rica Losing Its Tourism Edge in Central America?

Imagine that the seven nations of Central America are participants in a race. The race has no finish line. Instead it's an ongoing competition...

Cincinnati Open Opens This Weekend With Practices, Fan Events and New Attractions

The Cincinnati Open begins welcoming fans August 8 with open player practices, autograph sessions, Red Bull BassLine and a new 5K before competitive tennis begins.