Peso posts biggest weekly gain since January
The Colombian peso climbed 1.8% in a week, in the biggest rise since January. Colombia’s currency rose 0.5% overnight against the U.S. dollar, making the weekly increase the highest since…
The Colombian peso climbed 1.8% in a week, in the biggest rise since January. Colombia’s currency rose 0.5% overnight against the U.S. dollar, making the weekly increase the highest since…
Bloomburg News reports that the Colombian peso rose for the second time Monday as foreign investors anticipate no change in the federal interest rate and as Moody’s raised Colombia’s debt…
Colombia’s economic authorities are set to face a renewed spate of political pressure to curb a surging peso as booming foreign investment mixed with the global weakness of the dollar…
The seven member board of Colombia’s Central Bank decided to raise the benchmark interest rate by 25 basis points, or 0.25%, to 4% on Monday morning, according to a Central…
The International Monetary Fund’s executive board agreed on Friday to extend a $6.22 billion credit line to Colombia, although Colombian officials do not intend to use it. The two-year arrangement,…
Colombia stocks managed small gains Friday following four days of sharp declines, while Colombia’s peso ended lower for the week after the government moved to stem its surge against the…
Colombia stocks climbed Friday as shares of Toronto-based oil company Pacific Rubiales (PRE.T) began to rebound from previous losses. The IGBC index, considered the benchmark for Colombian stocks, posted a…
Colombia consumes one third of the petroleum it produces, and yet Colombians are paying prices as if the country were heavy importers said Senator Luis Fernando Velasco. “We Colombians are…
Colombia Finance Minister Juan Carlos Echeverry said Tuesday the government doesn’t support the use of capital controls to halt gains in the peso, which has surged 5% against the dollar…