Posted by Adriaan Alsema | Oct 25, 2011 | Economy
Colombia’s state-controlled oil company Ecopetrol reported Mondaqy record profits and production in the third quarter, reflecting an oil boom in the South American country. Higher international oil prices, improved...
Read MorePosted by Adriaan Alsema | Oct 25, 2011 | Economy
Colombia stocks rose for a third straight session Monday after top retailer Almacenes Exito SA reported a huge increase in profits for the third quarter. The Colombian Stock Exchange’s benchmark Colcap index ended 0.44%...
Read MorePosted by Adriaan Alsema | Oct 24, 2011 | Economy
Colombian utility firm Empresa de Energia de Bogota is poised to successfully complete a stock sale later this week to finance its overseas expansion plans, the company’s chief executive said in an interview. The company...
Read MorePosted by Adriaan Alsema | Oct 24, 2011 | Economy
Colombia’s largest retailer Almacenes Exito SA posted a net profit of 58.76 billion Colombian pesos ($31 million) during the third quarter, a 59% increase from the same quarter of 2010, the company said in a statement....
Read MorePosted by Adriaan Alsema | Oct 24, 2011 | News
Colombian President Juan Manuel Santos announced Sunday he will send 1,200 troops to reinforce security in the northeastern Arauca department following the death of ten soldiers in an alleged FARC ambush and the recent...
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