Colombian peso drops on recession concern
Colombia’s peso fell the most in more than a week on concern a deepening global recession will further erode demand for Latin America’s commodity exports. The currency declined as much…
Colombia’s peso fell the most in more than a week on concern a deepening global recession will further erode demand for Latin America’s commodity exports. The currency declined as much…
The Colombian benchmark IGBC stock index rose on Tuesday lifted by shares of state-controlled oil company Ecopetrol SA, which were boosted by oil prices. The stock index rose 2.4% to…
Colombia’s peso bonds rose, erasing an earlier decline, after the central bank signaled it will further cut the benchmark interest rate as slowing economic growth eases inflation pressures. Banco de…
Colombia’s central bank board said slowing economic growth and internal demand may lead it to cut lending rates further as long as inflation doesn’t spike. “The new figures on hand…
Colombia’s peso bonds dropped after a government report showed consumer prices rose more than forecast last month led by an increase in food costs. The yield on the nation’s benchmark…
Colombia’s unions disagree with the government’s 35 thousand peso (US$17) raise of the country’s minimum wage. They say the government never wanted to talk to the unions and faked a…
The OAS will continue to monitor the peace process between the Colombian government and paramilitary organization AUC until 2010, said Sergio Caramagna, delegate of the OAS in Colombia. Caramagna, who…
The Colombian Government will freeze prices for gasoline and other petrofuels through March, the government announced Tuesday. The freeze takes effect Thursday and sets prices at December levels, the Minister…
The Colombian peso weakened considerably as pension funds demanded dollars in a bid to weaken the peso before the year ends. The Colombian peso Monday ended at 2,251 to the…