Colombian exports plummet by almost 20% in August
Colombian foreign sales have fallen by 18.7% in August this year compared to the 27% increase that was recorded in August 2008. According to the National Statistics Department, DANE, this…
Colombian foreign sales have fallen by 18.7% in August this year compared to the 27% increase that was recorded in August 2008. According to the National Statistics Department, DANE, this…
Colombia’s holding company Colinversiones SA borrowed US$150 million from three development agencies to upgrade its gas-fired Termoflores power plant when the country is more dependent on thermal power because of…
Urban unemployment in Colombia rose to 13.1% this August, compared with 11.4% this time last year. According to a Reuters report on Wednesday, the Colombian Department of Statistics announced that…
Colombian mines and oil exploitation gets 85.6% of foreign investment in the country, while foreign money flees from other sectors of the economy. According to economic newspaper Portafolio, foreign investment…
Citigroup SA (C) Tuesday said it reached an agreement to sell its Colombian pension fund Citi Colfondos to a group of private equity funds. Francisco Aristiguieta, Citigroup’s top executive for…
NBC Universal’s Spanish-language network Telemundo SA bought a 40% stake in Colombian TV producing company RTI for an undisclosed amount, Don Browne, Telemundo’s president, said Tuesday. The company will produce…
The U.S. Congress won’t likely ratify a free trade agreement with Colombia this year as it’s currently focusing on health care reform and energy-related legislation, U.S. Commerce Secretary Gary Locke…
Colombia’s central bank unexpectedly cut its benchmark rate for the first time in three months in a bid to revive growth and stem the peso’s rally. The seven-member board, led…
The Colombian benchmark stock index rose above 11,000 points on Friday amid an increasing appetite for local stocks. The IGBC was up 0.5% to 11,009.89 points as of 10:43 a.m.…