Venezuela defense minister denies FARC ties
Venezuela’s defense minister on Friday publicly denied media reports that alleged he was a “good friend” of FARC leader “Timochenko” after meeting with his Colombian counterpart. Referring to...
Read MoreAuthor: Adriaan Alsema
Colombia’s Colcap index falls on Bancolombia; Peso weakens
Posted by Adriaan Alsema | Feb 10, 2012 | Economy
Colombia’s benchmark stock index fell Friday, dragged lower by oil and financial shares, while the peso weakened slightly against the dollar. The Colcap index, Colombia’s main index for the most liquid shares in the...
Read MoreColombia central bank: Domestic factors led to rate increase
Posted by Adriaan Alsema | Feb 10, 2012 | Economy
The Colombian central bank’s decision to unexpectedly increase its key lending rate in its monetary-policy meeting last month was triggered by concerns over inflation and a surge in credit, minutes from the meeting show....
Read MoreColombian stocks climb led by Ecopetrol; Peso extends gains
Posted by Adriaan Alsema | Feb 10, 2012 | Economy
Colombia’s benchmark blue-chip index rose Thursday, pushed higher by gains in the country’s largest oil firms, while the peso gained slightly against the dollar. The Colcap index, Colombia’s benchmark for the...
Read MoreColombia coffee exports, output fall 41% in January: Growers
Posted by Adriaan Alsema | Feb 9, 2012 | Economy
Colombia’s coffee production in January fell 41% from a year earlier to 535,000 60-kg bags due to the continued effects of heavy rains on the crop, the country’s coffee federation said on Thursday. The world’s...
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