Posted by Adriaan Alsema | Jun 10, 2011 | Economy
Colombian stocks declined Friday, pulled lower by a drop in shares of Grupo Nutresa S.A. after the food company launched a public share offering at a fixed price below its trading price. The IGBC index, considered the...
Read MorePosted by Adriaan Alsema | Jun 10, 2011 | Economy
Colombia’s central bank is set to continue with its cycle rate hikes as the economy continues to gain speed, according to minute from the bank’s last monetary policy meeting. The minutes from the central bank’s...
Read MorePosted by Adriaan Alsema | Jun 10, 2011 | Economy
Latin America’s No. 4 oil producer has seen oil output rise to record highs mainly due to better security, heavy crude and incremental production at existing fields, experts say. Oil production rose 2.3 percent in May...
Read MorePosted by Adriaan Alsema | Jun 10, 2011 | News
Colombian armed forces said Friday they have arrested a ringleader of the FARC column held responsible for the kidnapping of four Chinese oil workers in the south of the country earlier this week. According to Colombia’s...
Read MorePosted by Adriaan Alsema | Jun 10, 2011 | Medellin
Medellin hotel occupancy rates dropped 13.5% in April compared to the same month last year, statistics provided by the city showed Thursday. The decrease in visitors to hotels was felt hardest in Poblado, the city’s most...
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