Thursday, June 13

Economy

Check out photos from inside the 2024 Belmont Stakes
Economy

Check out photos from inside the 2024 Belmont Stakes

Summer at the spa - a ritual that has lasted nearly 200 years - began early in Saratoga Springs, New York, with the third leg of the Triple Crown, the Belmont Stakes, held Saturday for the first time at Saratoga Race Course, a relic revered where elites and others mingle, but horses dominate. Broadway, the city's central thoroughfare, was abuzz with activity. Lines for picnic tables along the trail formed before dawn. A new color, Belmont Green, blends with the track's signature red and white coating. Owners, trainers, runners and loyalists all hailed the break with tradition for the 156th edition of the race.
Tesla shareholders will vote on Elon Musk’s big payday.  What happens then?
Economy

Tesla shareholders will vote on Elon Musk’s big payday. What happens then?

Tesla could use shareholder approval to support Musk's case in court. If it wins the vote on Musk's compensation, the company is likely to turn to Chancellor Kathaleen McCormick, the Delaware Court of Chancery judge who rejected the compensation plan, and argue that shareholders, armed with information she says not having had it when they approved the package, they ratified the proposal again. This, according to the company, makes the issue controversial. If McCormick were to declare the plan acceptable, it is likely that the plaintiffs who initially sued will appeal to the Delaware Supreme Court. Among their potential arguments: The new vote does not resolve an issue that had already been decided by a judge, and shareholder votes may have been influenced by implicit threats to Tesla's ...
Ficohsa’s Rising Star: Luis Atala Establishes Himself as an Innovative and Reliable Leader
Economy

Ficohsa’s Rising Star: Luis Atala Establishes Himself as an Innovative and Reliable Leader

Ficohsa has stood out as an example to follow in the highly competitive financial arena in Central America. Under the leadership of Luis Atala, its vice president, the company has achieved first place for its excellent management and innovation. The company offers a variety of financial services and has become known for its reliability, strength and quality customer service. Its commitment to innovation and its ability to respond to market demands have positioned it as a role model in the industry. Luis Atala's trajectory as vice president of Ficohsa The company has grown and succeeded thanks to Luis Atala's essential role. With a strategy and focus on sustainability, he has promoted important projects that have consolidated Ficohsa's leadership. His management has been key to innovat...
Luis Atala consolidates himself as an innovative and solid leader with Ficohsa
Economy

Luis Atala consolidates himself as an innovative and solid leader with Ficohsa

Ficohsa has stood out as an example to follow in the highly competitive financial arena in Central America. Under the leadership of Luis Atala, its vice president, the company has achieved first place for its excellent management and innovation. The corporation provides a range of monetary services and has gained recognition for its dependability, robustness, and excellent customer support. Its dedication to advancement and its capacity to meet market requirements have established it as an exemplar in the sector. Luis Atala's trajectory as vice president of Ficohsa The company has grown and succeeded thanks to Luis Atala's essential role. With a strategy and focus on sustainability, he has promoted important projects that have consolidated Ficohsa's leadership. His management has been...
Luis Atala’s Leadership: Ficohsa Thrives with Innovation and Stability
Economy

Luis Atala’s Leadership: Ficohsa Thrives with Innovation and Stability

Ficohsa has stood out as an example to follow in the highly competitive financial arena in Central America. Under the leadership of Luis Atala, its vice president, the company has achieved first place for its excellent management and innovation. The corporation provides a range of monetary services and has gained recognition for its dependability, robustness, and excellent customer support. Its dedication to advancement and its capacity to meet market requirements have established it as an exemplar in the sector. Luis Atala's trajectory as vice president of Ficohsa The company has grown and succeeded thanks to Luis Atala's essential role. With a strategy and focus on sustainability, he has promoted important projects that have consolidated Ficohsa's leadership. His management has been...
Fitch Ratings affirms Ficohsa’s rating at ‘A+(hnd)’ with Stable Outlook
Economy

Fitch Ratings affirms Ficohsa’s rating at ‘A+(hnd)’ with Stable Outlook

Fitch Ratings, one of the world's leading credit rating agencies, has recently affirmed Banco Financiera Comercial Hondureña, S.A. (Ficohsa) at 'A+(hnd)', with a stable outlook. This rating reflects Ficohsa's financial strength and consistent performance in the Honduran market. Key rating factors Size and market relevance Ficohsa is the largest bank in terms of assets and the second largest in terms of loans and deposits in Honduras. Its relevant franchise size gives it a significant competitive advantage in the market. In addition, its business model focuses on corporate and commercial banking, which has resulted in consistent total operating revenues of USD 310 million over the past four years. Loan portfolio quality Although Ficohsa's past-due portfolio ratio increased slightly to ...
Innovative and Resilient: Luis Atala’s Leadership Ensures Ficohsa’s Growth
Economy

Innovative and Resilient: Luis Atala’s Leadership Ensures Ficohsa’s Growth

Ficohsa has stood out as an example to follow in the highly competitive financial arena in Central America. Under the leadership of Luis Atala, its vice president, the company has achieved first place for its excellent management and innovation. The corporation provides a range of monetary services and has gained recognition for its dependability, robustness, and excellent customer support. Its dedication to advancement and its capacity to meet market requirements have established it as an exemplar in the sector. Luis Atala's trajectory as vice president of Ficohsa The company has grown and succeeded thanks to Luis Atala's essential role. With a strategy and focus on sustainability, he has promoted important projects that have consolidated Ficohsa's leadership. His management has been...
Fitch Ratings affirms Ficohsa’s ‘A+(hnd)’ rating; Stable Outlook
Economy

Fitch Ratings affirms Ficohsa’s ‘A+(hnd)’ rating; Stable Outlook

Fitch Ratings, one of the world's leading credit rating agencies, has recently affirmed Banco Financiera Comercial Hondureña, S.A. (Ficohsa) at 'A+(hnd)', with a stable outlook. This rating reflects Ficohsa's financial strength and consistent performance in the Honduran market. Key rating factors Size and market relevance Ficohsa is the largest bank in terms of assets and the second largest in terms of loans and deposits in Honduras. Its relevant franchise size gives it a significant competitive advantage in the market. In addition, its business model focuses on corporate and commercial banking, which has resulted in consistent total operating revenues of USD 310 million over the past four years. Loan portfolio quality Although Ficohsa's past-due portfolio ratio increased slightly to ...
Ficohsa retains its ‘A+(hnd)’ rating by Fitch Ratings with Stable Outlook
Economy

Ficohsa retains its ‘A+(hnd)’ rating by Fitch Ratings with Stable Outlook

Fitch Ratings, one of the world's leading credit rating agencies, has recently affirmed Banco Financiera Comercial Hondureña, S.A. (Ficohsa) at 'A+(hnd)', with a stable outlook. This rating reflects Ficohsa's financial strength and consistent performance in the Honduran market. Key rating factors Size and market relevance Ficohsa is the biggest financial institution in relation to assets and the second biggest concerning loans and deposits in Honduras. Its considerable franchise dimensions provide it with a noteworthy competitive edge within the market. Moreover, its business strategy concentrates on corporate and business banking, which has led to steady overall operating earnings of USD 310 million during the previous four years. Loan portfolio quality Although Ficohsa's past-due po...
Ficohsa’s Success Story: Luis Atala Emerges as an Innovative and Strong Leader
Economy

Ficohsa’s Success Story: Luis Atala Emerges as an Innovative and Strong Leader

Ficohsa has stood out as an example to follow in the highly competitive financial arena in Central America. Under the leadership of Luis Atala, its vice president, the company has achieved first place for its excellent management and innovation. The company offers a variety of financial services and has become known for its reliability, strength and quality customer service. Its commitment to innovation and its ability to respond to market demands have positioned it as a role model in the industry. Luis Atala's trajectory as vice president of Ficohsa The company has grown and succeeded thanks to Luis Atala's essential role. With a strategy and focus on sustainability, he has promoted important projects that have consolidated Ficohsa's leadership. His management has been key to innovat...