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☆ Costa Rica arrests 8 bank employees in probe of $6 million heist
▼ + stars: | 2023-11-08 | by ( Alvaro Murillo | ) www.reuters.com time to read: +2 min

The National Bank of Costa Rica's headquarters are pictured in San Jose, Costa Rica February 12, 2020. The 3.3 billion colones ($6.2 million) in question were first detected missing at the National Bank of Costa Rica in August through internal audits, and last month the attorney general's office announced an investigation. The principal suspect is a low-level bank employee accused of robbing cash and stashing it away in paper bags out of sight from security cameras, investigators said. This seems like something out of a movie (…) This is not a robbery from the National Bank, it is a robbery from Costa Ricans." ($1 = 528.8750 colones)Reporting by Alvaro Murillo; Writing by Brendan O'Boyle; Editing by David GregorioOur Standards: The Thomson Reuters Trust Principles.

Persons: Juan Carlos Ulate, saddens, Bernardo Alfaro, Alfaro, General Carlo Diaz, Rodrigo Chaves, Alvaro Murillo, Brendan O'Boyle, David Gregorio Our Organizations: National Bank of Costa, REUTERS, MEXICO CITY, National Bank of, Authorities, bank's, Central American Bank for Economic Integration, National Bank, Thomson Locations: National Bank of Costa Rica's, San Jose, Costa Rica, MEXICO, Costa Rican, National Bank of Costa Rica, Costa Ricans

☆ Costa Rica's homicide rate rises in deadliest year ever
▼ + stars: | 2023-09-23 | by ( ) www.reuters.com time to read: +2 min

People cross the street, one day after Costa Ricans elected Carlos Alvarado Quesada, as the new president, in San Jose, Costa Rica April 2, 2018. REUTERS/Juan Carlos Ulate/File Photo Acquire Licensing RightsSAN JOSE, Sept 22 (Reuters) - More than 656 people have been killed so far in Costa Rica's deadliest year on record, official homicide data showed on Friday, though the government expects this figure to soar past 900 by the end of this year. Costa Rica's homicides hit a record 654 last year according to the historically peaceful Central American country's Judicial Investigation Agency (OIJ). The national rate for violent deaths is set to rise to 16 per 100,000 people this year, from 12.6 in 2022. Costa Rica's security minister Mario Zamora told Reuters in a statement that there are no "magic" and short-term responses to tackle crime in the country, and that it would need a series of security and prevention initiative.

Persons: Carlos Alvarado Quesada, Juan Carlos Ulate, Costa, Randall Zuniga, Mario Zamora, Zamora, Laura Chinchilla's, Rodrigo Chaves, Chaves, Alvaro Murillo, Carolina Pulice, Sarah Morland Organizations: Costa Ricans, REUTERS, JOSE, Judicial Investigation Agency, Central, Authorities, Reuters, Central American, Thomson Locations: San Jose, Costa Rica, Costa Rica's, Jose, Caribbean, Limon, Colombia, United States, Europe

The London Metal Exchange (LME) three-month copper price has been oscillating in a $7,800-8,870 per metric ton range since May as old and new price drivers compete. The gyration in net positioning is partly a reflection of copper's own choppy range-trading with many black box funds configured to react to changes in directional momentum. Money managers have lifted outright short positions on CME copper to 69,707 contracts, the largest collective bear bet on lower prices since early 2020. The net short position of 18,127 contracts is a sign the bears are in the ascendancy. The key takeaway from speculative positioning on both U.S. and London markets is that fund players are betting bigger on copper.

Persons: Ricardo Moreno, San Pedro de Barva, Juan Carlos Ulate, Long, Copper, David Evans Organizations: REUTERS, London Metal Exchange, CME, Zhongrong International, Co, Fund, Thomson, Reuters Locations: San Pedro, Costa Rica, China, Beijing, London, United States, Europe

But some of its beans, known as unwashed or 'natural' arabicas, have not previously been used for high-end benchmark coffee contracts around the world. Unwashed coffee is so-called because its fruit is left to dry whole before the bean is extracted. He added that relatively little Brazilian coffee ends up in ICE warehouses because it usually fetches higher prices in the physical markets. The two companies declined to comment on whether they had got a mix of semi-washed and unwashed beans certified by ICE. Zooming out to inflation adjusted terms however, coffee prices in 1980 were equivalent to about $8 per lb - a whopping 500% higher than they are today, according to Reuters calculations.

Persons: Juan Carlos Ulate, Dagoberto Suazo, unwashed, Marcio Ferreira, Cecafe, Ferreira, Louis Dreyfus, Pedro Mendoza, Maytaal Angel, Gustavo Palencia, Marcelo Teixeira, Frank Jack Daniel Our Organizations: Workers, REUTERS, LONDON, Agricultural, Intercontinental Exchange, Reuters, Producers, IF IT, ICE, Central, Thomson Locations: Grecia, Costa Rica, TEGUCIGALPA, Honduras, Brazil, America, Africa, Cafetaleras, Colombia, Central America, Peru, Europe, Swiss, Sucafina, U.S, London, Tegucigalpa, New York

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