Posted by Adriaan Alsema | Sep 21, 2011 | Economy
Colombia’s Colcap was sent lower Wednesday following the Fed’s move and subsequent decline in U.S. equities. The overall index declined 1.20%, though significantly less than the U.S., the major oil companies listed...
Read MorePosted by Adriaan Alsema | Sep 20, 2011 | Economy
Colombia’s Colcap dropped 0.23% Tuesday on volume of COP185.8 billion. Pacific Rubiales helped keep the index from falling further as it increased 2.46% bringing gains in the past 30 days to 10.05%. On the downside,...
Read MorePosted by Adriaan Alsema | Sep 20, 2011 | News
Suspended Bogota mayor Samuel Moreno will have to wait until noon on Friday to find out whether he will be sent to prison ahead of his corruption trial after the judge suspended proceedings. Following a marathon hearing that...
Read MorePosted by Adriaan Alsema | Sep 19, 2011 | Tourism
Colombia’s statistics agency DANE announced Monday that revenue for the country’s hotel sector grew 3.8% in July compared to the same month last year. According to the DANE report, revenue grew 5.3% in the first...
Read MorePosted by Adriaan Alsema | Sep 19, 2011 | Economy
Colombia’s retail sales and industrial output rose in July, extending a trend showing the country’s economic growth is being mainly fueled by a surge in household consumption. Retail sales jumped 11.8% in July from...
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