Economy

The Colombian government gave in to the demands of a looming truckers strike and lowered the price of gasoline by 400 pesos per gallon. However the truckers will still begin…

The International Monetary Fund Monday said that Colombia is seeking a 10.4 billion dollar credit line as a precautionary step to cope with the global financial and economic crisis. Under…

The Colombian peso weakened 1.5% against the dollar on Monday, while stocks fell amid concerns over first-quarter earnings in the U.S. and growing risk aversion in emerging markets. The Colombian…

Colombian coal train employees lifted their strike and were back at work on Monday, transporting coal from mines owned by Xstrata and Drummond, union official Felix Herrera told Reuters. “The…

The Colombian central bank’s monthly survey of inflation expectations shows analysts expect the inflation rate for the full-year 2009 to be 4.65%, down from 4.94% a month ago. The 42…

Colombia reopened its 2019 bonds Tuesday, looking to secure 2010 financing as the ongoing credit crisis continues to cloud the outlook for emerging-market debt. The government sold the $1 billion…

Talks set for Tuesday between striking Colombian coal train workers and their managers were canceled, keeping alive a work stoppage that has slowed the movement of coal from mines owned…

Colombia’s peso fell the most in two weeks after an unexpected drop in U.S. retail sales heightened concern that a slump in the world’s biggest economy will stifle demand for…

The Colombian Goverment will invest US$62 million in infrastructure projects to battle growing unemployment, the country’s Finance Minister announced Tuesday. According to Minister Óscar Ívan Zuluaga, his ministry has “designed…