BOGOTA (Reuters) -Colombia’s central bank may need to consider additional hikes to its benchmark interest rate, depending on how inflation in Latin America’s fourth-largest economy behaves, the International Monetary Fund …
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US and World News
Colombia’s aging floral workforce threatens Valentine’s potential
by Reutersby ReutersBy Javier Andres Rojas TOCANCIPA, Colombia (Reuters) – Colombia’s flower industry is struggling to contend with an aging workforce as youth shun the industry in favor of jobs elsewhere, stifling …
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Business News
Colombia’s economy has high growth potential but cannot ditch oil, mining -IDB
by Reutersby ReutersBOGOTA (Reuters) – Colombia’s economy has high growth potential, boosted by agriculture, tourism and interconnectivity between different economic sectors, but will continue to depend on its oil and mining industries, …
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BOGOTA (Reuters) – Initial negotiations between Colombia, France’s Dassault Aviation and Sweden’s Saab AB to replace part of the South American country’s aging air force fleet have collapsed, the defense …
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Business News
Colombia’s central bank set for December rate hike, under pressure for more: Reuters poll
by Reutersby ReutersBy Nelson Bocanegra BOGOTA (Reuters) – Colombia’s central bank is set to raise its key interest rate this week at its final meeting of the year and will be under …
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BOGOTA (Reuters) – Colombia’s majority state-owned oil company Ecopetrol will invest up to around 30 trillion pesos ($6.2 billion) in 2023, it said on Friday, with the main focus on …
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Business News
Loss of Viva would have negative impact on Colombia’s airline industry -Avianca
by Reutersby ReutersBy Luis Jaime Acosta BOGOTA (Reuters) – The potential collapse of the low-cost Colombian airline Viva could lead to higher fares and the loss of connections to some cities, Avianca’s …
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Business News
Colombia’s Nutresa shares down more than 28% after failed public offer
by Reutersby ReutersBOGOTA (Reuters) – Shares in Nutresa, Colombia’s largest food producer, closed 28.6% lower on Monday following a failed public offer for a large portion of shares in the company. Nutresa …
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(Reuters) -Colombian financial conglomerate Grupo Aval reported third quarter net profit down 23.2% from a year earlier on Wednesday, landing at 929.8 billion pesos ($193.4 million), citing a higher effective …
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Business News
Colombia’s Grupo Argos Q3 net profit drops 9.2% after jump in costs
by Reutersby ReutersMEXICO CITY (Reuters) – Colombian industrial conglomerate Grupo Argos’ third-quarter net profit fell 9.2% from a year earlier, the company said Monday, following a jump in costs and expenses. The …
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Business News
Colombia’s Grupo SURA posts near-stable Q3 profit as revenues, costs grow
by Reutersby Reuters(Reuters) – Net profit at Grupo SURA, Colombia’s largest investment company, stayed relatively stable in the third quarter compared to the year-ago period as both revenues and costs grew, the …
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US and World News
Colombia’s finance minister asks central bank to discuss futures markets liquidity
by Reutersby ReutersBOGOTA (Reuters) – Colombian Finance Minister Jose Antonio Ocampo has asked the country’s central bank to discuss liquidity in futures markets in its monthly meeting this Friday, he said on …
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US and World News
Colombia’s central bank could raise benchmark interest rate further
by Reutersby ReutersBOGOTA (Reuters) – Further increases to Colombia’s benchmark interest rate may be necessary in the coming months as the central bank tries to bring inflation in line with its 3% …
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US and World News
Colombia’s Petro calls on Latin America to unite against war on drugs
by Reutersby Reuters(Reuters) – Colombian President Gustavo Petro called on Latin American countries to join forces to end the war on drugs during a speech to the United Nations General Assembly in …
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BOGOTA (Reuters) – Colombia’s congress on Tuesday approved a record budget of 405.6 trillion pesos ($93.3 billion) for next year, including a spending increase meant to fund social programs promised …
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BOGOTA (Reuters) – Colombia’s government is open to negotiations to strengthen a proposed tax reform bill it has sent to the Andean country’s congress, President Gustavo Petro told business leaders …
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(Reuters) -Colombian industrial conglomerate Grupo Argos’ second-quarter net profit rose 8% from the same period a year before, the company said on Friday, boosted by revenue increases at its cement …
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Financial News
Colombia’s next finance minister says rate rises have limited impact on inflation
by Reutersby ReutersBOGOTA – Interest rate hikes have a limited capacity to rein in accelerating inflation because supply issues are one of the key drivers of consumer price increases, Colombia’s next finance …
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Financial News
Colombia’s central bank seen hiking benchmark interest rate to 9%- Reuters Poll
by Reutersby ReutersBy Nelson Bocanegra BOGOTA – Colombia’s central bank could hike its benchmark interest rate to 9% at its meeting next week, maintaining rate-increase intensity amid persistent inflation while reaching the …
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BOGOTA – Shareholders of Colombia’s majority state-owned oil company Ecopetrol on Friday approved a plan to shore up the country’s fuel-price stabilization fund (FEPC), as well as an extraordinary dividend …
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Top HeadlinesUS and World News
Analysis: Colombia’s extractive industries watching election warily
by Reutersby ReutersBy Oliver Griffin BOGOTA – Colombia’s leftist firebrand presidential candidate Gustavo Petro is too close in recent polls for the comfort of oil companies and miners who worry that his …
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BOGOTA – Flag-carrier Avianca has agreed to merge with Viva, another of Colombia’s most important commercial airlines, while keeping separate branding and strategies, the firms said on Friday. Unifying the …
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Financial News
Colombia’s February inflation an unpleasant surprise – central bank official
by Reutersby ReutersBOGOTA – Colombia’s February inflation data was a surprise for everyone, including central bank co-director Roberto Steiner, the official said on Wednesday, one of seven people who sits on the …
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Financial News
Colombia’s central bank must raise rates in first half to control inflation -IMF
by Reutersby ReutersBOGOTA – Colombia’s central bank will have to front load interest rate hikes in the first half of this year in order to get a grip on inflation and maintain …