Colombia’s Caño Limon-Coveñas oil pipeline, the country’s second-biggest by volume, is functioning again after being offline for 67 days because of rebel attacks, Mines and Energy Minister Tomas Gonzalez said Full Article »
Two analysts have predicted that Colombia is going to face ten years of stunted economic growth unless the country increases its rates of productivity.
State-controlled oil company Ecopetrol said it will create a subsidiary to develop offshore activities in Colombia.
The historic low of Colombia’s peso against the dollar reached on Tuesday is not the end of the Colombian currency’s year-long decline. However, the drop is not infinite either, analysts said Full Article »
The Colombian peso continued its decline on Tuesday when the US dollar opened above the COP3,000 mark on the local currency exchange.
Colombia closed the 2014 fiscal year with a $5.1 billion gap, the country’s comptroller general said Tuesday while calling for increased prudence in government spending amid dropping oil revenue.
Colombia’s peso hit its lowest point of the century on Thursday morning with one US dollar worth 2,972 pesos, eight pesos more than the previous record set in 2003.
Controversial Republican presidential candidate Donald Trump is in the market for Colombia soccer team Atletico Nacional, just days after signing a $90 million purchase of a hotel in Medellin.
Colombia, Latin America’s No. 4 oil producer, is changing the slate of crudes it exports in a bid to offset the falling prices that are crimping the revenues of its Full Article »
Colombia’s Central Bank believes inflation in the country will be 4.5% this year, a consumer price growth increase significantly higher than its initial projection of 3%.
Colombia’s peso on Thursday dropped further against the dollar, which is now selling at more than COP2,900 due to falling oil prices.
Colombia’s industry leaders are calling upon the government to provide stronger protection measures to prevent Colombian companies from dumping products abroad, harming their competitors.