Posted by Adriaan Alsema | Oct 26, 2011 | Economy
Colombian stocks dropped Tuesday, tracking a decline in U.S. markets, while the peso weakened against the dollar. The Colcap index, the benchmark for Colombian shares, fell 0.82% to 1620.98 points, ending a three day streak of...
Read MorePosted by Adriaan Alsema | Oct 26, 2011 | Economy
Canada’s Pacific Rubiales threatened Tuesday to suspend operations at its Campo Rubiales oil fields if the Colombian government fails improve protection from illegal armed groups and violent protests. Pacific Rubiales has...
Read MorePosted 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...
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