Gallon of gas costs 20% of daily income in Colombia
A Bloomberg survey of 61 countries across the world showed that drivers in Colombia pay a higher percentage of their daily wage for gasoline than all other Latin American drivers.
A Bloomberg survey of 61 countries across the world showed that drivers in Colombia pay a higher percentage of their daily wage for gasoline than all other Latin American drivers.
BMW, Volkswagen, Samsung and Apple are among those multinational companies who have purchased tungsten from firms which allegedly have ties with Colombia’s largest guerrilla group, the FARC, US television network…
Colombia’s third largest bank, Davivienda, may sell 10-year dollar bonds “as soon as this week”, according to the U.S. financial network Bloomberg. An anonymous source told Bloomberg that the bonds…
Moody’s Investors Service is “optimistic” on Colombia because President-elect Juan Manuel Santos plans to create a fiscal stabilization fund and enjoys “strong” support in Congress, analyst Alessandra Alecci said. “All…
Political risk firm Eurasia Group branded Colombia’s fiscal gap a “growing concern,” with government deficit rising to almost 4.5% of GDP this year, Bloomberg reported Wednesday. Colombia saw an unexpectedly…
The Colombian peso defied the Central Bank’s efforts to stem its appreciation, rising to a 5-month high on Monday. The peso reached a peak of COP1,886.6 to the dollar, its…
Colombia’s central bank will probably keep its benchmark interest rate unchanged as the threat of inflation outweighs concern that a plunge in trade with Venezuela will hobble the economy’s recovery.…