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