Colombian companies’ overseas borrowing at 12-year-high
Foreign net loans to Colombian companies rose to $1.11 billion in the first seven months of 2011, a rate not seen since 1999, Bloomberg reported Thursday. The companies are making…
Foreign net loans to Colombian companies rose to $1.11 billion in the first seven months of 2011, a rate not seen since 1999, Bloomberg reported Thursday. The companies are making…
Colombian coffee growers are not immune from the fluctuations of the international markets which have recently become more turbulent, said Colombia’s coffee federation. According to Andres Valencia, commercial manager of…
Colombia drops its 2011 coffee production forecast after July’s harvest was less than expected due to adverse weather conditions, Bloomberg reported Thursday. Head of Colombia’s National Federation of Coffee Growers…
Colombia is prepared to confront the current economic crisis facing international markets, said the country’s finance minister on W Radio. Finance Minister Juan Carlos Echeverry said “It would be an…
Colombian manufacturing increased exports by 21.7% in the first semester of 2011 despite the weakness of the dollar, financial publication Portafolio reported Thursday. According to data from the government’s statistics…
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…
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 (COP) hit a two-month high on Friday due to strong foreign investment. After appreciating .03% Friday, the COP closed at 1,762.15 per U.S. dollar. According to business…
The Colombian Ministry of Finance announced the release of $2 billion in global bonds to international markets, news site LA F.m reported Tuesday. The ten-year bonds will mature in July…