Posted by Adriaan Alsema | Sep 29, 2011 | Economy
The Colombian peso is unlikely to depreciate much more and should trade around the COP1,900 level, Colombia Finance Minister Juan Carlos Echeverry told Dow Jones Newswires Thursday. “I was not that happy with the peso in...
Read MorePosted by Adriaan Alsema | Sep 29, 2011 | News
Palestinian President Mahmud Abbas will visit Colombia to convince the country to vote in favor of allowing the Palestinians membership to the United Nations, Foreign Minister Riyad al-Malki said Thursday. According to Al-Malki,...
Read MorePosted by Adriaan Alsema | Sep 29, 2011 | Economy
Colombian stocks retreated Wednesday, once again pushed lower by a drop in oil stocks, while the peso weakened sharply against the U.S. dollar. The Colcap index, the mostly widely used benchmark for Colombian stocks, fell 0.45%...
Read MorePosted by Adriaan Alsema | Sep 28, 2011 | Economy
Fresh concerns raised by the largest U.S. labor organization over human rights violations in Colombia are valid, but should not slow down congressional approval of a free trade pact with that country in coming weeks, the U.S....
Read MorePosted by Adriaan Alsema | Sep 28, 2011 | Economy
Colombia’s government is considering a bill that could put a limit on new car sales, which are booming, in an effort to alleviate growing traffic woes, according to a report Wednesday in the leading daily El Tiempo. The...
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