Posted by Toni Peters | Aug 19, 2011 | Economy
The board of Colombia’s central bank left the benchmark interest rate unchanged at 4.5% after a meeting Friday, according to a central bank communique. The board, headed by Jose Dario Uribe, felt it wise to maintain the...
Read MorePosted by Toni Peters | Aug 19, 2011 | News
Shares of four Colombian companies, Grupo Aval, Avianca, Nutresa and Ecopetrol, bucked the downward trend of the national stock market, financial publication Portafolio reported Friday. Demand for shares in these enterprises...
Read MorePosted by Toni Peters | Aug 18, 2011 | Economy
Foreign net loans to Colombian companies rose to $1.11 billion in the first seven months of 2011, a rate not seen since 1999, Bloomberg reported Thursday. The companies are making the most of the near-zero benchmark interest...
Read MorePosted by Toni Peters | Aug 18, 2011 | Economy
Colombian coffee growers are not immune from the fluctuations of the international markets which have recently become more turbulent, said Colombia’s coffee federation. According to Andres Valencia, commercial manager of...
Read MorePosted by Toni Peters | Aug 18, 2011 | Economy
Mining giants BHP Billiton, Anglo American and Xstrata announced a $1.3 billion investment Thursday to boost production at Colombia’s Carbons of Cerrejon coal mine. The expansion project, named P40, will allow for...
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