Colombian peso gains almost 4%
The peso has strengthened to COP2,079 to the dollar from COP2,160.25 Wednesday in an active trading session. “We are seeing more risk appetite from offshore funds as they are betting…
The peso has strengthened to COP2,079 to the dollar from COP2,160.25 Wednesday in an active trading session. “We are seeing more risk appetite from offshore funds as they are betting…
Brazil’s state-controlled oil company, plans to drill a new exploration well in Colombia in 2010, Brazilian newspaper Gazeta Mercantil reported, citing Abilio Paulo Pinheiro Ramos, head of the oil company’s…
No love is lost between Álvaro Uribe and Hugo Chávez, but that won’t stop Colombians from sending an estimated US$5.4 billion in exports to neighboring Venezuela this year. The expected…
Colombia has signed contracts with nine oil companies worth US$500 million to explore for oil near the border with Venezuela, the National Oil and Gas Agency has announced. The companies…
Colombia is seeking not only a free trade deal with the United States, but is hoping to have some 45 trade deals by the end of this government’s term in…
The peso sank as much as 2.5 percent after U.S. lawmakers late yesterday met to consider revisions to Treasury Secretary Henry Paulson’s $700 billion plan to rescue financial firms saddled…
Direct foreign investment in Colombia reached historical heights in 2007, but global financial uncertainty in the wake of several U.S. bank failings will drop the figure back to normal levels…
Brazil’s Votorantim and Colombia’s Acesco are planning to build a new steel plant in Colombia with an investment of US$1.5 billion. The two companies say production at the plant in Barranquilla…
Colombia’s peso led a decline in Latin American currencies on concern the U.S. Congress will delay approval of a financial industry bailout plan, curbing demand for higher-yielding assets. “All eyes…