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  • US targets Swiss bodega for ties to Colombian rebels Thursday, 27 Aug 2015 | 11:40 AM ET

    BOGOTA, Colombia— The U.S. Treasury Department is levying financial sanctions on four Colombians accused of laundering money for leftist rebels through a speciality grocer and money transfer shop in Switzerland. The four individuals targeted Thursday as foreign narcotics kingpins ran a Zurich- based bodega called the Colombiano Latin Shop that...

  • Colombia revisits violent past in Pablo Escobar biopic Wednesday, 19 Aug 2015 | 12:04 AM ET

    More than two decades after he was gunned down, his vast wealth, megalomania and ruthless violence still mesmerize, as evidenced by the attention surrounding Netflix's upcoming series "Narcos" about the cartel boss. So much so that cinema-loving President Juan Manuel Santos agreed to pick up $2 million in production costs so Netflix could film in the country.

  • BOGOTA, Aug 3- Colombia's central bank sees the economy growing between 2 and 4 percent next year, with the most probable expansion a little above 3 percent, bank chief Jose Dario Uribe said on Monday. Some directors called for a 25 basis-point increase in borrowing costs, Uribe said during his quarterly presentation in Bogota. A cut in Colombia's interest rate to...

  • Refiners made billions by turning half of that extra supply into products such as gasoline and diesel that could be freely exported to countries including Brazil and Colombia. That is equivalent to the combined imports by Brazil and Ecuador, two of the biggest buyers of U.S. fuel, in the first four months of the year. To be sure, struggling economies, such as...

  • BARRANCABERMEJA, Colombia, July 9- The hulking backhoe dredges up rocks and silt from the shallows of the muddy Magdalena River in the first laborious step to transform the waterway into an engine of economic growth. By clearing logjams, the aim is to allow big cargo barges to steam up 900 km from the Caribbean coast to Puerto Salgar, close to the capital Bogota.

  • MEXICO CITY, July 8- Uber's drivers will need permits to work in Mexico City and the company will have to pay into a transport fund, according to a draft government plan seen by Reuters, in what would be the first such regulation for the ride-hailing app in Latin America. Uber launched in the huge market of Mexico City in 2013 and says it has about 300,000 users.

  • BOGOTA, June 12- Colombia's economy grew 2.8 percent in the first quarter from a year earlier, the government said on Friday, in line with analysts' expectations but the slowest quarterly growth in two and a half years as lower oil prices put a brake on expansion. Finance Minister Mauricio Cardenas hailed the result as the fastest first-quarter growth among Latin...

  • LOS ROQUES, Venezuela, June 4- Fears of being kidnapped or not finding toilet paper are not much of an incentive for a holiday in Venezuela. That is thanks to exchange controls skewing the economy in favor of anyone with foreign currency, meaning you can hire a boat to a Caribbean island for $15 a day, or trek through Andean mountains or Amazon jungle for a week, with...

  • BOGOTA, May 28- Colombian President Juan Manuel Santos unveiled a package of measures on Thursday aimed at stoking the Andean nation's economy as weaker oil prices and slower investment forced the government to revise down its growth outlook. The so-called PIPE 2.0 program to boost productivity and employment comes after a similar stimulus effort in April...

  • BOGOTA, May 12- Net profit at Colombia's state-controlled oil producer Ecopetrol tumbled 96 percent in the first quarter from the same period last year, largely due to the sharp drop in crude oil prices since the middle of last year. The non-consolidated figure for Ecopetrol alone was 722,000 barrels. Ecopetrol is the largest producer in Colombia's million...

  • May 5- Mexican conglomerate Alfa Sab de CV and Harbor Energy Ltd have agreed to acquire Canadian oil and gas company Pacific Rubiales Energy Corp for C $6 billion, including debt, a person familiar with the matter said on Tuesday. Toronto- listed Pacific Rubiales, whose shares also trade in Colombia, suspended trade in its Bogota shares on Tuesday afternoon after...

  • May 5- Mexican conglomerate Alfa Sab de CV and Harbour Energy Ltd have agreed to acquire Canadian oil and gas company Pacific Rubiales Energy Corp for C $6 billion, including debt, a person familiar with the matter said on Tuesday. Toronto- listed Pacific Rubiales, whose shares also trade in Colombia, suspended trade in its Bogota shares on Tuesday afternoon after...

  • BOGOTA, April 22- Colombia aims to double its non-traditional exports within four years to diversify its goods and services as revenue is battered by a plunge in the price of crude, the trade minister said. While Colombia is not a major oil producer, crude remains its largest export, generating about 20 percent of government revenue. The economy is still growing...

  • BRASILIA, April 17- Investment fund Coliseu has reached a preliminary agreement to sell its stake in Brazilian transmission utility Taesa to Colombia's Empresas Publicas de Medellin for 1.527 billion reais, both companies said on Friday. The other controlling shareholder is Brazilian power holding company Cia Energética de Minas Gerais SA, or Cemig, which...

  • Colombia sees drastic fall in oil revenue this year Wednesday, 18 Mar 2015 | 11:13 AM ET

    BOGOTA, March 18- Colombia's government expects 9.5 trillion pesos in oil revenue this year, down 60 percent from 2013 as the sharp drop in crude prices reduces the oil industry's tax and royalty payments, Finance Minister Mauricio Cardenas said on Wednesday. The situation could worsen in the years ahead, cutting income from oil to 6 trillion pesos, Cardenas told...

  • BOGOTA, March 16- A decision by Colombia's state-run Ecopetrol to reclaim control of the Rubiales oil field will imply heavier investment for it to sustain output and raises pressure on Canada's Pacific Rubiales to replace the future loss of nearly half its production, analysts say. Ecopetrol announced on Friday it would not renew a contract in mid-2016 under...

  • PUERTO GAITAN, Colombia, March 10- As fewer and fewer oil trucks roll through the streets of Puerto Gaitan, Mario Romero crunches the numbers. Just six months ago, Transportes Paraiso Regional had 320 drivers moving oil, machinery and personnel around Colombia's booming energy industry. The mayor's office says Puerto Gaitan, home to 45,000 people and set along...

  • China's new playground: America's backyard Thursday, 29 Jan 2015 | 3:35 PM ET
    Venezuela's President Nicolas Maduro, right, walks with Chinese President Xi Jinping as they arrive to a welcoming ceremony at the Great Hall of the People on January 7, 2015 in Beijing, China.

    China is moving into the United States' backyard——but it's not clear if its Latin America investments are a negative for American interests.

  • When—and where—oil is too cheap to be profitable Monday, 12 Jan 2015 | 11:43 AM ET
    Oil Iraq OPEC

    Lower prices could make oil unprofitable to pull out of the ground. But we're not there yet, according to energy consultant Wood Mackenzie.

  • Keep an eye on these emerging market cities Monday, 22 Dec 2014 | 12:00 PM ET
    Vehicle light trails pass the Kingdom Tower on King Fahad Road in Riyadh, Saudi Arabia.

    The fastest growth is not in megacities like Tokyo, but second-tier ones that many Americans have never heard of.