Colombian stocks rise on Pacific Rubiales; Peso gains
Colombian stocks rose for a second straight day, ignoring another session of sharp losses in the U.S. markets, while the peso strengthened against the dollar. The COLCAP index, a wide…
Colombian stocks rose for a second straight day, ignoring another session of sharp losses in the U.S. markets, while the peso strengthened against the dollar. The COLCAP index, a wide…
Colombia’s Senate passed the consumer statute, which attempts to improve consumer-producer relations, in its final debate, financial publication Portafolio reported Wednesday. The initiative seeks to update the rules which regulate…
Canadian Prime Minister Stephen Harper announced the free trade agreement (FTA) between Canada and Colombia will take effect August 15. According to the prime minister’s press release, the announcement was…
Colombian industrial production is up by 6.4% in the first semester of 2011, according the Joint Industrial Opinion Survey, according to a communique released Wednesday. The survey revealed that total…
Colombia could be losing up to $3.3 billion annually due to sales tax (IVA) evasion and smuggling, announced the director of Colombia’s tax agency (DIAN). According to various Colombian media,…
Major Colombian bank Davivieda announced bonds emission is delayed due to turbulence in the markets, financial publication Portafolio reported Wednesday. Market agents, who were going to participate in the emission as…
The head of an association of multinational oil companies operating in Colombia said Wednesday it’s the government’s job, and not that of the companies themselves, to provide security to oil…
Colombian stocks rebounded Tuesday as worries of a global financial crisis receded some and investors moved back, at least temporarily, into riskier assets. The Colcap index, a broad indicator of…
“Colombia has the second best economic portfolio in Latin America following Mexico,” said Export-Import (Ex-Im) Bank director Fred Hochberg after meeting Tuesday with Colombia’s President Juan Manuel Santos. According to…