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Business Colombia

  • BOGOTA, May 26- Colombia's central bank lowered the benchmark interest rate by 25 basis points to 6.25 percent on Friday to boost a slowing economy, as had been expected by the majority of analysts in a Reuters survey.

  • BOGOTA, May 19- Colombia's economy grew 1.1 percent in the first quarter compared with the same period a year ago, the government said on Friday, below the central bank's estimate of 1.3 percent. Latin America's fourth-largest economy is working to recover from a slump in global oil prices and a rise in inflation. The fall in crude prices has slowed production, as...

  • BOGOTA, Colombia— Human rights groups in Colombia are calling on the International Criminal Court to investigate executives from Chiquita Brands for alleged complicity in crimes against humanity as a result of payments made to paramilitary groups more than a decade ago. Chiquita in 2007 pleaded guilty in a case brought by the U.S. Justice Department to...

  • Those findings come as the semi-annual gathering of finance officials from the International Monetary Fund, the World Bank and the Group of 20 major economies kicks off in Washington, where the case against protectionist trade policies is expected to be a major theme. "For the first time in five years, all the major economies seem to be growing in sync," noted Ajay...

  • *reuters:// realtime/verb= Open/url= cpurl:// apps.cp./ Apps/fx-polls? BRASILIA, April 6- Major Latin American currencies appear more likely to hold their ground in coming months than they did in March, but they remain vulnerable to increased volatility coming from abroad, a Reuters poll showed on Thursday. President Donald Trump will not impose heavy tariffs on...

  • *reuters:// realtime/verb= Open/url= cpurl:// apps.cp./ Apps/fx-polls? BRASILIA, April 6- Major Latin American currencies appear more likely to hold their ground in coming months than they did in March, but they remain vulnerable to increased volatility coming from abroad, a Reuters poll showed on Thursday. President Donald Trump will not impose heavy tariffs on...

  • LOS ANGELES, March 19- This is what makes Disney such a powerhouse. Others in the lucrative group include "Alice in Wonderland," which picked up $1 billion worldwide, "Cinderella" with its $543.5 million global haul, and last year's "The Jungle Book," which racked up a mighty $966.6 million after finishing its run. The latest fairy tale follows Belle, a bookish girl in...

  • MOSCOW- Central Bank of Russia Deputy Governor Vasily Pozdyshev will hold a presentation of new banking legislation- 0800 GMT. CANBERRA- Reserve Bank of Australia Assistant Governor Luci Ellis to speak at the ACT Launch of the Women in Economics Network. WARSAW- National Bank of Poland monetary policy council meeting.

  • BOGOTA, March 16- Colombia's central bank is expected to cut its key interest rate for the second consecutive month at next week's policy meeting in a bid to support growth in the sluggish economy as inflation expectations begin to ease, a Reuters poll showed on Thursday. In a survey of 14 analysts, 13 expect the monetary authority to lower borrowing costs by 25...

  • Retirement couple on beach surfing

    More and more, retirees are heading overseas to spend their golden years. CNBC.com shares International Living's top picks.

  • BOGOTA/ MADRID, March 14- Colombia's government regulator said on Tuesday it had ordered the liquidation of Electricaribe, an affiliate of Spain's Gas Natural, but the company had asked Colombia to find a way to allow it to keep trading there. But a source familiar with the matter said on Tuesday that Gas Natural would file a complaint within 15 days with the World...

  • BOGOTA/ MADRID, March 14- Colombia's government regulator said on Tuesday it had ordered the liquidation of Electricaribe, an affiliate of Spain's Gas Natural, which in turn asked Colombia to find a solution to allow it to continue in the country. But a source familiar with the matter said on Tuesday that Gas Natural would file a complaint within 15 days with the...

  • MOSCOW- Bank of Russia First Deputy Chairman Sergey Shvetsov is scheduled to attend an information and training seminar for journalists hosted by Bank of Russia- 0900 GMT. BUDAPEST- Hungarian Central Bank non-rate-setting meeting. BELGRADE- National Bank of Serbia interest rate decision.

  • ZAGREB- Croatia National Bank monetary policy meeting. MANILA- Philippine Central Bank Governor Amando Tetangco to deliver keynote speech at an awards night for the country's fixed income trading platform, at the Makati Shangri-La Hotel- 1000 GMT. LIMA- Central Bank of Peru interest rate decision.

  • WARSAW- National Bank of Poland monetary policy meeting. CANBERRA- Reserve Bank of Australia monetary policy meeting. TBILISI- National Bank of Georgia monetary policy committee meeting.

  • KIEV- National Bank of Ukraine monetary policy meeting. WARSAW- National Bank of Poland monetary policy meeting. CANBERRA- Reserve Bank of Australia monetary policy meeting.

  • BOGOTA, March 1- Crude oil production at the Cano Limon field, operated by US-based Occidental Petroleum Corp in northern Colombia, is being gradually suspended after an escalation of rebel attacks on its pipeline, military and oil industry sources said on Wednesday. The Cano Limon-Covenas pipeline, which transports crude from the fields to a port in the...

  • BOGOTA, Feb 24- Colombia's central bank is likely to hold the benchmark interest rate steady for a second month on Friday as board members struggle to ease inflation even as the economy remains sluggish. Latin America's fourth-largest economy has been hit by a slump in global oil prices and is struggling with a rise in inflation. Crude oil is Colombia's biggest...

  • CANBERRA- Reserve Bank of Australia Governor Philip Lowe will appear at the House of Representatives Standing Committee on Economics. CHISINAU- National Bank of Moldova announces interest rate decision. ANKARA- Central Bank of the Republic of Turkey monetary policy meeting.

  • DETROIT, Feb 20- Traffic jams cost U.S. drivers an average of $1,200 a year in wasted fuel and time, and much more in Los Angeles, the city with the world's biggest rush hour traffic delays, according to a study by INRIX Inc released on Monday. While Thailand was the world's most congested country in 2016, according to the study, the United States had the worst traffic...