Peso weakens as banks buy dollars
The Colombian peso weakened against the dollar on Monday as banks bought dollars to hedge their forward business. The peso closed at 1,996 Colombian pesos to the dollar, from COP1,985…
The Colombian peso weakened against the dollar on Monday as banks bought dollars to hedge their forward business. The peso closed at 1,996 Colombian pesos to the dollar, from COP1,985…
Colombia’s central bank will likely cut interest rates again this year if inflation keeps running below target and if the peso currency threatens to hobble the export sector by staying…
Petrolifera Petroleum Ltd said it suspended its La Pinta No.1 well in northern Colombia after tests indicated a casing breach. The La Pinta No. 1 well is drilled solely by…
Colombia’s Central Bank will not intervene to halt the appreciation of the peso against the dollar for now, the country’s Finance Minister has said. Colombia’s exporters had asked the Central…
Colombia’s central bank decided to keep its key interest rate at 4.5% on Friday, a decision that had been widely expected by the market. Central bank chief Jose Dario Uribe…
EPM, Colombia’s top public services company, said on Thursday it will keep proceeds from its $500 million bond sale, a move that could ease recent upward pressure on the local…
Colombian exporters want the country’s Central Bank to massively buy dollars as the seemingly unstoppable fall of the U.S. currency is hurting exports. On Thursday, one dollar was worth 1950…
A Colombian oil field, operated by state petroleum company Ecopetrol and Canada’s Pacific Rubiales Energy Corp, is estimated by the government to have 500 million barrels in reserves. If the…
Colombia’s largest retailer, Almacenes Exito, posted a net profit of 27.3 billion pesos ($13.8 million) in the first half of the year, down 39% from COP45.1 billion in the same…