Posted by Adriaan Alsema | Jan 31, 2012 | Economy
The Colombian peso strengthened sharply against the dollar Tuesday as traders and investors respond to the central bank’s decision a day earlier to unexpectedly hike its benchmark rate by 25 basis points. The peso gained...
Read MorePosted by Adriaan Alsema | Jan 31, 2012 | Economy
Colombia’s average unemployment over 2011 was 10.8%, one percentage point less than the year before, the government’s statistics agency said Tuesday. According to statistics agency DANE, unemployment has been...
Read MorePosted by Adriaan Alsema | Jan 31, 2012 | News
Colombia’s President Juan Manuel Santos said Monday his government has raised the reward for top commanders of guerrilla group FARC and drug trafficking groups active in the north of the country. Santos announced a $50,000...
Read MorePosted by Adriaan Alsema | Jan 31, 2012 | News
The United States “respects,” but does not support Colombian President Santos’ call for a global debate on drug legalization, said U.S. Undersecretary of State Wendy Sherman Tuesday. Sherman, who is in Colombia to prepare...
Read MorePosted by Adriaan Alsema | Jan 31, 2012 | Economy
Colombia stocks had one of their best days of the year Monday, led by big gains in top bank Bancolombia after the lender concluded a local share issue. The Colcap index, considered the benchmark for the Colombian Stock Exchange,...
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