Posted by Toni Peters | Mar 7, 2012 | Economy
The Colombian peso strengthened against the dollar today with one dollar closing at 1,769 compared to 1,780 the day before. Lucia Duarte a currency strategist at Bancolombia told Bloomberg that the peso was following the trend...
Read MorePosted by Toni Peters | Mar 6, 2012 | Economy
The Colombian peso weakened against the dollar Tuesday, with one dollar closing at 1,780.10 against 1,772.00 the day before. According to Dow Jones, the sliding value was due to declining global stock markets and lower oil...
Read MorePosted by Toni Peters | Mar 6, 2012 | Economy
Colombia´s largest bank Bancolombia reports 2011 net profits of $899 million in 2011 at a shareholders meeting in Medellin Monday. This figure represents a 16% increase on the 2010 earnings of the banking group. A disbursement...
Read MorePosted by Toni Peters | Mar 2, 2012 | Economy
The president of Colombia´s state-run oil company has announced a 27% increase in reserves of 400 million barrels. Company president Javier Gutierrez said Colombia´s biggest oil company now has 1.86 billion barrels in reserves....
Read MorePosted by Toni Peters | Mar 1, 2012 | Economy
Houston American Energy announced Thursday it abandoned a Colombian well due tool failures and a stuck pipe and reported losses for the first nine months of 2011. The petroleum producer said in a statement it will seal the...
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