Economy

The currency strengthened 1.2 percent to 2,412.20 per dollar at 4:51 p.m. New York time, from 2,440.20 yesterday. The currency climbed 3 percent this week, paring its decline this year…

Colombian oil exploration and production investment will dip 11 percent to as low as $3.2 billion this year versus 2008, the Colombia Petroleum Association said on Thursday. The slowing global…

Foreign companies invested US$10.5 billion in Colombia in 2008, which is 17 percent more than the year before and the largest sum ever, the country’s Central Bank announced Tuesday. The…

The sharp slowdown of the Colombian economy, because of the global financial crisis is devastating the labor market. 2.5 million Colombians are without work. According to the official figures for…

Colombia will issue a permit in April to allow AngloGold Ashanti to start work on its La Colosa gold mine, Colombian Mines and Energy Minister Hernan Martinez said on Monday.…

Javier Gutierrez, president of Colombian state-owned oil company Ecopetrol, on Sunday expressed the will to strengthen cooperation with China.  Gutierrez told Xinhua that his company is currently working with Chinese…

Colombia’s peso fell the most in five months after U.S. President Barack Obama said General Motors Corp. and Chrysler LLC must survive without becoming wards of the state, hurting appetite…

The recession in Colombia is a fact, analysts of the Institute of International Finance (IFF), the global association of financial institutions, say. The recession isn’t official, because the official figures…

Colombia’s state-controlled oil company Ecopetrol SA will invest more than the $6.22 billion originally planned for 2009, the company’s top official said Saturday. Ecopetrol will raise the amount to be…