Economy

Colombia’s central bank ought to lower interest rates this week as losses tied to the collapse of local pyramid schemes, along with the global financial crisis, hurt economic growth, Finance…

Colombia produced 623 thousand barrels of crude oil in October, which is a 13 percent increase compared to the same month last year, the country’s Hydrocarbon Agency announced. The oil…

The New York Times joined other prominent U.S. newspapers in a call on Congress to approve the free trade agreement with Colombia in an editorial. Earlier newspapers that called for…

Indian state-run energy firm Oil & Natural Gas Corp said on Tuesday its wholly owned unit ONGC Videsh Ltd had won two exploration blocks in Colombia. ONGC, which accounts for…

Colombia is in the top ten of countries that are best prepared to confront the current economic crisis, international bank Merrill Lynch said in a report. Colombian President Álvaro Uribe…

Colombia plans to sell an additional 2 trillion pesos ($855 million) of Treasury bonds this year, accelerating sales originally planned for 2009, said William Ortiz, Colombia’s undersecretary of public credit. …

The Colombian oil licensing agency auctioned rights to seek and produce oil or gas in 22 areas across the country. The ANH, as the agency is known, picked ten companies…

Colombia’s central bank may start cutting interest rates as soon as this month as the economy slows and as inflation is expected to ease in 2009, Finance Minister Oscar Zuluaga…

Colombia’s central bank chief Jose Dario Uribe said the country’s economy may expand 1 percent next year in the “worst case scenario” due to turmoil resulting from the worst credit crisis in 80…