Economy

Colombia’s Finance Minister Oscar Ivan Zuluaga denies Colombian banks are in trouble, after emails were sent around calling Colombians to withdraw money from bank accounts to prevent their money disappearing…

The local arm of the Stanford Financial Group has halted its activities on Colombia’s stock exchange with the permission of authorities, the Colombian Financial Superintendency said in a statement on…

Colombia and Brazil seek to be less ‘dollardependent’ and want to involve their own currencies the peso and the real in bilateral trade, Brazilian President Luis Ignacio Lula da Silva…

Colombian state-run energy firm Ecopetrol said on Tuesday fourth-quarter net profit rose 48 percent to 2.05 trillion pesos as stronger sales offset a sharp downturn in global energy prices. Full-year…

Colombia has interest in attracting partnerships and investment from Brazilian state-controlled oil company Petroleo Brasileiro S.A., or Petrobras, for refinery and other energy-development projects, Colombian President Alvaro Uribe said Tuesday.…

Colombia’s peso plunged to its lowest since July 2006, leading declines in Latin American currencies, as concern international financial institutions will face further losses amid a deepening recession cut into…

Swiss-based commodities trader Glencore is negotiating the sale of its stake in a refinery upgrade project in Colombia to state-run oil company Ecopetrol, Colombia’s energy minister said on Monday. Earlier…

Colombia’s central bank cut its 2009 economic growth estimate to a range of 1 percent to 3 percent as the global financial crisis chokes consumer spending.  Policy makers lowered their…

Colombia’s peso rose for the first time in five days, climbing 0.4 percent to 2,528 per dollar, from 2,539.2 yesterday, according to the Colombian foreign-exchange electronic transactions system, known as…