Grupo Aval banking group eyes foreign IPO
Colombia’s Grupo Aval, one of the country’s largest banking groups, secured the approval of its shareholders to start the process for an initial public offering abroad. Grupo Aval said in…
Colombia’s Grupo Aval, one of the country’s largest banking groups, secured the approval of its shareholders to start the process for an initial public offering abroad. Grupo Aval said in…
Latin America-focussed oil producer Petrominerales Ltd said it successfully drilled a second well in Yenac in Colombia. The company said the Yenac-2 well in the Mirador formation produced 2,936 barrels…
Strong rains flooding agricultural land and washing away roads in Colombia will increase inflation but not so much as change consumer price targets, officials said on Monday. Bad weather has…
Colombia’s peso bonds headed for their biggest weekly gain since October, pushing yields lower, as investors paired bets on quickening November inflation. The yield on the government’s benchmark 11 percent…
The Colombian economy continues to provide signs of strengthening, fueled mainly by high consumer confidence and trade, the central bank said Friday in the minutes for its last monetary policy…
Colombia’s peso on Thursday jumped the most in seven months on speculation dollar flows into the South American nation will rise after the European Central Bank delayed its withdrawal of…
Colombia’s peso rose the most in a month on Wednesday amid speculation the European Central Bank may take more steps to keep the euro region’s debt crisis from spreading. The…
Colombia’s state-run oil firm Ecopetrol sold one trillion pesos ($517.4 million) in local bonds Wednesday, with demand reaching three times as high. Javier Gutierrez, the company’s president, said the funds…
Banco Davivienda, Colombia’s third-largest bank by assets, aims to increase its float to 20%-25% by the end of 2011 from a current 14.5%, the company’s vice president of corporate finance,…