Colombian stocks gained for the fourth straight session Wednesday despite more declines in the share price of oil company Pacific Rubiales Energy Corp. The Colcap index, which encompasses the country’s…
Colombia’s currency could remain bound to the tight trading ranges it has seen over the past three weeks, pleasing monetary authorities who have been working to prevent excessive strength against…
Colombia’s Colcap index surged 1.84% Monday along with global markets. The energy companies did particularly well as Petrominerales led the day with gains of 8.76%. Ecopetrol and Pacific Rubiales followed…
Colombian President Juan Manuel Santos invited countries of the region to unite in the face of market failings in a speech at the Economic Commission for Latin America and the…
The Colombian stock market experienced its worst drop since 2008, costing Colombia’s top 35 companies $10.8 billion. According to economic magazine Portafolio, the five day fall was due to wavering…
Colombian stocks suffered a sharp decline Monday, dragged lower by concerns over the strength of the global economy and a drop in crude prices that hurt some of the country’s…
Colombian Finance Minister Juan Carlos Echeverry said on Monday he saw the peso weakening to the 1,800 level versus the dollar due to global risks. Like other emerging markets, Colombia…
Colombia’s Finance Ministry has spent $195 million to counteract the fall in the dollar, newspaper El Espectador reported Monday. “We have spent $194.9 million this year as a part of…
The Colombian peso was retreating against the dollar Thursday, spurred by a growing aversion to riskier emerging market assets, giving local authorities some breathing room to deal with the currency’s…