Colombia’s largest soft drink company, Postobon, was already in trouble for allegedly sponsoring death squads. Now it is accused of using children who are vulnerable to malnutrition for the testing…
Colombia’s unemployment rate grew to 9.4% in 2017, making it the country with the highest unemployment rate in Latin America after Venezuela. Unemployment went up 0.2 points from 9.2%, according…
Colombia’s central bank unexpectedly lowered the lending rate on Monday, the last cut in its current cycle, as policymakers try to boost a still-sluggish economy even as inflation remains above…
Pushed by increasing oil prices and a weak dollar, Colombia’s peso accelerated its hike on Wednesday. In early trading, the dollar dropped to COP2,758, after it recovered and settled around…
The US dollar has lost more than 5% of its value against Colombia’s peso over the past month, partly because of an increase in price of Colombia’s primary export product,…
The World Bank said Tuesday it expects Colombia’s economy in 2018 to grow 2.9%, more than the government and business association ANDI predicted. The World Bank’s growth estimate for Colombia…
The dollar shooting up against Colombia’s peso is only the first of consequences of Colombia’s credit rating being lowered from BBB to BBB-minus. The decision is unlikely to affect households…
Colombia’s largest cement company and two multinationals were slapped a $68 million fine on Tuesday after regulators found Cementos Argos, Cemex and Holcim guilty of price fixing. The three companies make…
Ratings agency S&P Global on Monday lowered Colombia’s long-term foreign currency sovereign credit rating from BBB to BBB-minus. S&P said the lower credit rating was due to ongoing fiscal woes…