Colombia’s economy will contract this year and the peso will weaken further, according to Barclays Capital Inc. The economy will shrink 1.1 percent in 2009, compared with a prior estimate…
Colombia hopes to boost flagging sales of cars and home appliances by supplying nearly $200 million in consumer loans, part of efforts to stave off the global slowdown, President Alvaro…
Colombia’s inflation was about in line with market expectations at 0.84 percent last month, cooling from 1.51 percent in February 2008, the DANE national statistics agency said on Thursday. Soaring…
Colombia registered a $470.5 million trade surplus in 2008, compared with a deficit of $824.3 million a year earlier partly due to bigger energy exports, the DANE national statistics agency…
Brazilian state-controlled oil company Petroleo Brasileiro SA (PBR), or Petrobras, is studying whether to buy a 51% stake in Colombia’s Cartagena refinery, the chief executive of Petrobras in Colombia told…
Despite a global financial crisis that led to the bankruptcy or bailout of numerous international banks, profits of Colombia’s financial institutions are growing impressively. Colombia’s financial institutions posted a combined…
Colombia’s state-run oil company Ecopetrol said on Tuesday it will propose an issue of up to $8.1 billion in nonconvertible bonds to help finance investments through 2011. Shareholders will consider…
While more and more banks around the world seek state bailouts, Colombia’s largest bank voted on Monday to give shareholders a bigger share of last year’s record net profit, and…
Colombia’s peso fell near its lowest level in more than two years after the central bank last week cut its lending rate by an unexpected full percentage point. Banco de…