Posted by Adriaan Alsema | Jul 28, 2011 | Economy
The Colombian peso was retreating against the dollar Thursday, spurred by a growing aversion to riskier emerging market assets, giving local authorities some breathing room to deal with the currency’s appreciation. The...
Read MorePosted by Adriaan Alsema | Jul 28, 2011 | Economy
Colombia’s Grupo de Inversiones Suramericana, a large holding group with assets in banks and insurance companies, posted in the second quarter a 40% decline in net income from a year earlier, the company said in a...
Read MorePosted by Adriaan Alsema | Jul 28, 2011 | Economy
The Colcap index bounced back strongly from yesterday’s loss and gained 1.13% on volume of COP$183 billion. Top market performer today were of the smaller and lesser known variety, but did well nonetheless. Canacol, Exito and...
Read MorePosted by Adriaan Alsema | Jul 28, 2011 | Lite
England, one of the teams taking part of the U-20 World Cup in Colombia, was welcomed at Medellin airport by a giant parrot and dozens of dancing policewomen. After some hesitation and slightly embarrassed, the players took part...
Read MorePosted by Adriaan Alsema | Jul 28, 2011 | Medellin
Medellin’s flower festival, the city’s most important cultural event of the year, kicks off Thursday with a free concert at the city hall, after which the city will host some 150 events in the ten days of the...
Read More