Economy

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…

Colombia’s peso slid to its weakest since September 2006 as expectations that the central bank will lower interest rates today undermined demand for the currency.  The currency slid 0.8 percent…

Colombia is the best place to invest now that there is a global economic crisis, President Álvaro Uribe said Friday at a presentation of his country at the World Economic…