Economy

Colombia’s food prices at the wholesale level rose 0.52% in December, sharply lower than the 0.93% registered in the same month last year, Agriculture Minister Andres Felipe Arias told reporters…

Coffee powerhouse Colombia hopes early next year to join other producers to buy an influential share in Starbucks, with Brazil and Central American growers also interested, a top coffee official…

Colombia’s national statistics agency says the pace of growth is slowing, with third quarter GDP growth counted at 3.1 percent above the same period a year earlier. Monday’s report shows…

Colombia’s central bank unexpectedly cut its benchmark interest rate by half a percentage point, the first reduction in more than three years, in a bid to spur consumer spending and…

Colombian Finance Minister Óscar Iván Zuluaga vehemently asked the Central Bank to cut its interest rates and support the Government’s fight against inflation. But according to 16 of 32 economists…

Colombia’s state oil company Ecopetrol sees production at 457,000 barrels per day next year and plans to increase investments by 35 percent to $6.2 billion financed mostly with its own…

World Bank president Robert B. Zoellick urged United States president-elect Barack Obama Tuesday to approve the free trade agreement with Colombia and other countries whose free trade pact is on…

Colombian central bank director Carlos Gustavo Cano said he disagreed with the board’s decision to raise interest rates this year as inflation showed signs of slowing and said the bank’s…

Colombian state oil company Ecopetrol booked a more than 10 trillion peso (US$5.2 billion) profit in the first ten months of 2008. That’s 146 percent more than in the same…