Peso strengthens for the first time in six days
The Colombian peso strengthened on Thursday for the first day in six following other currencies such as the Brazilian real, which appreciated as the bullish growth data in the U.S.…
economy
Suramericana’s Jan-Sep net profit up 176% on year
Colombia’s largest holding company, Grupo de Inversiones Suramericana SA, booked a net profit of 298 billion Colombian pesos ($151 million) in the first nine months of the year, 176% higher…
ETB’s Jan-Sep net profit up 82% on year
Colombia’s state-controlled telecommunication company Empresa de Telcomunicaciones de Bogota SA, or ETB, said Thursday its net profit over the first nine months of this year rose 82% compared with the…
Colombia, Chile and Peru regulators sign market-integration pact
Chilean, Colombian and Peruvian securities regulators on Wednesday signed an agreement aimed at facilitating integration among these three markets. The regulators agreed to cooperate in the current project to integrate…
Bancolombia to sell up to COP2 trillion in local bonds
The board of Colombia’s largest bank Bancolombia SA authorized its management to sell as much as 2 trillion Colombian pesos (US$1.01 billion) of local bonds to finance its banking business,…
Exito’s 3Q net profit down 9.1% on year
Colombia’s largest retailer, Almacenes Exito, posted a net profit of 17 billion Colombian pesos (US$8.4 million) during the third quarter, down 9.1% compared with the same period in 2008, the…
Colombia Coffee Output to recover in 2010
Colombia’s coffee output will recover to above 11 million 60-kg sacks in 2010 as the sector benefits from better weather, increased fertilization and newly renovated fields, the country’s growers’ federation…
Peso falls further
Colombia’s peso weakened 1.7 percent on Tuesday as the U.S. dollar rallied around the world and the local market braced itself for the start of a series of dollar purchases…
Exito to raise COP435 billion with sale of new shares
Colombia’s largest retailer Almacenes Exito SA plans to raise about 435 billion Colombian pesos ($223 million) from the sale of 30 million new shares to finance its expansion and the…