Colombians trade a record 1.72 billion greenbacks in one day
A record US$1.72 billion in dollar transactions were made in the Colombian foreign exhange market Monday as news broke of the U.S. government buyout of mortgage giants Freddie Mac and…
A record US$1.72 billion in dollar transactions were made in the Colombian foreign exhange market Monday as news broke of the U.S. government buyout of mortgage giants Freddie Mac and…
The peso advanced for a fourth day, jumping 2.7 percent to 1,699.35 per U.S. dollar at 10:25 a.m. in New York, from 1,746.9 on July 3, according to the Colombian…
Figures revealed by Colombia’s statistics department (DANE) show that the export of traditional products like oil, coal, coffee and ferronickel, generated US$11,9 billion. Colombia had a positive trade balance of…
“It has been a long time since anyone believed that 2008 inflation would come in within target. The June number is further confirmation that the target will not be hit,”…
The Minister, currently in Spain for the World Petroleum Congress, told Colombian newspaper El Espectador his country seeks to “promote participation in what we are going do”.Martínez says Colombia’s oil…
Colombia currently taxes oil companies 30 percent of production when oil is above $30 a barrel, but with oil now around $140, the government is working on a formula to…
The Colombian national bank started buying US$20 million on the spot market to take the heat of it’s country’s export sectors. They had asked the bank to interfere, after fearing…
“The government is making an additional effort to cut public spending,” Uribe said in a speech to local business leaders. The government wants to control consumer prices by reducing the…