Economy

KNOC won the right to explore the CPE 7 field located in Llanos, eastern Colombia, through a consortium it leads with a 60 percent stake that includes Argentina’s Pluspetrol. Colombia…

Colombia’s economic growth has slowed down to 3,7 percent in the second trimester of 2008. That’s less than half than it was the same period last year, the country’s statistics…

Colombia’s peso advanced for a second day as a $700 billion U.S. bailout plan for the financial industry boosted appetite for emerging-market assets.  Colombia’s peso gained 0.6 percent to 2,039.5…

Colombia and Peru, frustrated by slow region-to-region free trade talks between the EU and South America’s four Andean countries, have formally asked Brussels to pursue swifter bilateral negotiations with them.…

Colombia’s central bank on Friday said it kept its key interest rate unchanged at 10 percent as it said the country’s economy was growing at a slower pace than had…

Colombia’s central bank may keep borrowing costs unchanged as concerns about the fastest inflation since 2001 are offset by slowing economic growth. Policy makers will hold the interbank rate at…

Stocks of Colombian state oil company Ecopetrol did well on their first day on Wall Street. The price of one stock rose 6,74 percent to US$24,55. Ecopetrol director Javier Gutiérrez…

Colombia’s peso-denominated bonds dropped the most in two years amid concern a global financial crisis will deepen. “The world is in risk re-pricing mode,” said Alberto Bernal, head of emerging…

Coal mines in Colombia may not become the gold mines they could have been for Caterpillar Inc. (CAT) should a stalled U.S.-Colombia free trade agreement fail to progress through Congress.…