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Business

Colombia Central banker sees 5% drop in foreign investment for 2014
Aug 20, 2014 Ξ Comments are off

Colombia Central banker sees 5% drop in foreign investment for 2014

posted by Samuel Moldovan

The general manager of the Central Bank of Colombia stated on Tuesday that he expects foreign investment to fall 5% by the end of 2014, faulting continued guerilla attacks on the country’s energy  Full Article »

Business

Colombia’s peso gains after rumors from Central Banker over rate increase
Aug 19, 2014 Ξ Comments are off

Colombia’s peso gains after rumors from Central Banker over rate increase

posted by Samuel Moldovan

The Colombian Peso rose against the US dollar as Carlos Gustavo Cano, one of the seven board members of the Colombian Central Bank said that he favored raising interest rates  Full Article »

Business

Colombia’s Isagen plans new energy projects: CEO
Aug 19, 2014 Ξ Comments are off

Colombia’s Isagen plans new energy projects: CEO

posted by Christoffer Frendesen

The CEO of Colombia’s hydropower producer Isagen SA announced that the company is planning new wind and geothermal projects, according to international media.

Business

Surging Peso hurts Colombia’s farmer exports: Wall Street Journal
Aug 14, 2014 Ξ Comments are off

Surging Peso hurts Colombia’s farmer exports: Wall Street Journal

posted by Christoffer Frendesen

Colombia’s currency increasing value against the dollar makes it harder for local farmers to compete in foreign markets, reported Wall Street Journal.

Business

Colombia’s oil, mining boom is over: Central Bank official
Aug 14, 2014 Ξ Comments are off

Colombia’s oil, mining boom is over: Central Bank official

posted by Christoffer Frendesen

Colombia’s oil and mining boom is over according to a senior official at Colombia’s Central Bank, quoted by business newswire Bloomberg on Thursday.

Business

Colombia govt delays privatization of 3rd largest energy company, Isagen
Aug 13, 2014 Ξ Comments are off

Colombia govt delays privatization of 3rd largest energy company, Isagen

posted by Emil Foget

Colombia’s government has postponed the sale of its majority stake, up to $3 billion, in the power generation company Isagen for as long as a year, international media reports.

Business

Brazil firm proposes takeover of company accused of Colombia paramilitary connections
Aug 12, 2014 Ξ Comments are off

Brazil firm proposes takeover of company accused of Colombia paramilitary connections

posted by Christoffer Frendesen

Just three weeks after the dismissal of a lawsuit filed with Chiquita Brands International over its connections to paramilitaries, the company received a $611 million takeover bid from a Brazillian  Full Article »

Business

Colombia’s largest bank doubles last year’s 2nd quarter profits
Aug 6, 2014 Ξ Comments are off

Colombia’s largest bank doubles last year’s 2nd quarter profits

posted by Christoffer Frendesen

The largest bank in Colombia reported a consolidated profit of $247.2 million from April to June 2014, more than double the profit from the same period in 2013, Colombian media  Full Article »

Business

Colombia, Venezuela create new exchange rate to bolster trade, reduce smuggling
Aug 4, 2014 Ξ Comments are off

Colombia, Venezuela create new exchange rate to bolster trade, reduce smuggling

posted by Victoria McKenzie

Colombia’s President Juan Manuel Santos and his Venezuelan counterpart, Nicolas Maduro, have agreed to create a new exchange rate in order to combat illegal contraband trafficking across the border, national media  Full Article »

Business

Colombia’s central bank raises lending rate to 4.25%
Aug 4, 2014 Ξ Comments are off

Colombia’s central bank raises lending rate to 4.25%

posted by Christoffer Frendesen

The Central Bank of Colombia has raised the lending rate to 4.25%  in order to withdraw the monetary stimulus of the boosting economy, according to a report by Bloomberg.