Government eyes more cuts in local bond issues
Colombia could trim its planned sales of local TES bonds to reduce pressure on internal markets as private companies try to issue corporate debt to ward off the global crisis,…
Colombia could trim its planned sales of local TES bonds to reduce pressure on internal markets as private companies try to issue corporate debt to ward off the global crisis,…
Colombian Finance Minister Oscar Ivan Zuluaga said the peso’s decline matches that of other regional currencies and the government will keep monitoring its value. The peso’s “behavior is reflecting an…
The Colombian peso ended Tuesday above 2,500 pesos to the dollar for the first time since July 2006 after the Dow Jones Industrial Average plummeted. The peso weakened to COP2,501…
Colombia’s peso rose Monday amid gains in oil, the nation’s biggest export. The peso advanced 0.5 percent to 2,447 per dollar at 9:21 a.m. New York time, from 2,458.55 on…
Colombian bond yields slid to their lowest levels since June 2007 on rising speculation that the central bank will cut interest rates later this month in a bid to bolster…
Colombian state-controlled oil company Ecopetrol SA raised its stake in two off-shore exploration operations to 50% from a previous 33%, the company said in a filing to the local securities…
Colombia’s Finance minister Oscar Ivan Zuluaga announced the Government will launch an emergency plan to fight unemployment in the country. Despite a growing economy, half a million Colombians lost their…
The economic crisis is beginning to hit Colombia, as unemployment rates have grown from 9.9 percent to 10.6 percent in 2008, leaving another 182.000 persons without work. Numbers from the…
Colombia’s central bank cut its benchmark interest rate Friday for a second month as it seeks to spur consumer spending and revive a slumping economy. Policy makers reduced the interbank…