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  • TV depiction of Colombia's only saint angers her devotees Wednesday, 29 Jul 2015 | 12:01 AM ET

    BOGOTA, Colombia— For weeks, billboards on buses and television spots have been announcing what promises to be Colombia's next big prime-time sensation. But the planned debut Wednesday of a TV soap opera dramatizing the life of Colombia's only Roman Catholic saint is shrouded in controversy after devotees of the missionary nun known universally as Madre...

  • Mack-Cali reports 2Q results Wednesday, 22 Jul 2015 | 6:39 AM ET

    EDISON, N.J. _ Mack-Cali Realty Corp. on Wednesday reported a key measure of profitability in its second quarter. The average estimate of seven analysts surveyed by Zacks Investment Research was for funds from operations of 42 cents per share. Five analysts surveyed by Zacks expected $144.1 million.

  • 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...

  • BOGOTA, March 3- Colombia's state-controlled oil company Ecopetrol will propose distributing 70 percent of its 2014 net profit of 7.5 trillion pesos as an ordinary dividend at its upcoming shareholder meeting, the company said on Tuesday. The size of Ecopetrol's dividend payouts has a direct impact on the Andean nation's public finances since the...

  • BOGOTA, Feb 20- Colombia's central bank board voted unanimously to keep its key lending rate unchanged for a sixth straight month on Friday, as economic growth slows in the face of depressed oil prices. Central bank chief Jose Dario Uribe said consumer confidence remained strong in the economy, whose growth has been driven largely by robust consumer demand and a...

  • BOGOTA, Feb 17- U.S.-based Drummond said it expects coal production in Colombia this year to reach about 30 million tonnes as it increases mining even as prices remain low, its Colombia president Jose Miguel Linares said on Tuesday. Colombia's second biggest coal miner produced about 26.8 million tonnes last year, up 17.5 percent from 2013. The company is...

  • BOGOTA, Feb 2- Colombia's economy will probably grow slightly more in 2016 than the 3.6 percent predicted for this year, the central bank chief said on Monday. "The technical team is projecting 2016 growth figures a bit above those for 2015," Jose Dario Uribe told reporters after his quarterly presentation in Bogota. A nearly 60 percent drop since June in prices for...