IGBC index rises, fueled by oil firms; peso gains
Colombia’s benchmark index climbed Monday, boosted by key oil firms, while the peso gained slightly against the dollar despite concerns that the government could adjust its debt plan for next…
Colombia’s benchmark index climbed Monday, boosted by key oil firms, while the peso gained slightly against the dollar despite concerns that the government could adjust its debt plan for next…
State-utility company Empresas Publicas de Medellin SA, or EPM, will launch Tuesday a bond issue for COP350 billion ($183 million), the company said in a statement. The bonds will be…
Drummond Co. is considering selling a minority stake in its Colombian coal mining operations as an alternative to selling the whole unit to a mining company, according to three people…
Colombia’s Grupo Aval, one of the country’s largest banking groups, secured the approval of its shareholders to start the process for an initial public offering abroad. Grupo Aval said in…
Colombian stocks climbed Tuesday, fueled by the first gains in four days for state-run oil firm Ecopetrol SA, while the peso weakened against the dollar. The IGBC stock index, the…
President Juan Manuel Santos has green-lighted the start of the process to sell an additional 9.9% stake in state oil firm Ecopetrol SA, resources that will be used to finance…
Colombian stocks gained 2.4% Wednesday, reversing three straight days of declines, boosted by key oil firms in the country’s benchmark index. The IGBC index rose 2.4% to 15062.09, fueled by…
Ecopetrol SA, Colombia’s state-controlled oil producer, plans to sell shares next year to finance 2011 investments, Chief Executive Officer Javier Gutierrez told radio broadcaster Caracol Thursday. The company’s board is…
Colombian stocks bounced back Wednesday, posting gains for the first session in seven days as investors saw buying opportunities following steep declines in some of the country’s key shares. The…