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  • BOGOTA, Feb 3- Additional increases in Colombia's benchmark interest rate are necessary to anchor inflation expectations, central bank board member Carlos Gustavo Cano said on Wednesday, as the country grapples with rising consumer prices. "In my opinion we haven't finished this phase of adjustments, we need more adjustments, they are necessary, inevitable,"...

  • Oil has fallen from $107 to around $30 in the past 19 months. Furious production by the U.S. and OPEC led to an oversupply. In a recent research note, Goldman Sachs predicted "the path to a rebalanced market will be protracted and arduous."

  • Andrew Selsky named AP's Salem, Oregon, correspondent Tuesday, 26 Jan 2016 | 1:31 PM ET

    SALEM, Ore.— Andrew Selsky, a veteran foreign correspondent for The Associated Press who has reported in Africa, Europe, Latin America and the Caribbean, has been named AP's Salem correspondent. Selsky, 60, has directed AP's text coverage of 45 countries in Africa as the agency's first regional Africa editor, based in Johannesburg, since 2009..

  • Cramer: Where oil will bottom in 2016 Monday, 25 Jan 2016 | 6:57 PM ET
    An oil rigger at a Schlumberger field prepares pipes in Midland, Texas.

    Jim Cramer was shocked by the commentary of Schlumberger on Friday, and it changed his entire opinion on where oil will bottom now.

  • BENGALURU, Jan 14- Economic growth is losing momentum across emerging and developed economies as is inflation, with trouble in China now the biggest worry for 2016, according to the overwhelming majority of hundreds of economists polled by Reuters around the world. Elwin de Groot, senior market economist at Rabobank, warned that the world could no longer rely...

  • SANTIAGO, Jan 11- Chilean energy company Colbun said on Monday it will not be able to bid for a controlling stake in Colombian power generator Isagen on Wednesday. Consortiums controlled by Colbun and Canada's Brookfield Asset Management were expected to bid for the 57.6 percent stake in Isagen on Wednesday. Colombia will go ahead with the sale of the power...

  • BOGOTA, Nov 27- Colombia's central bank is suffering the most serious dent to its credibility in recent history as policymakers face criticism for sending mixed messages and moving too slowly to tackle rising inflation. "By not acting early, inflation expectations were moving up and the central bank had to react more strongly," said Lars Peter Nielsen, senior...

  • NEW YORK, Nov 23- A former technology chief executive facing extradition from Colombia to the United States to face securities fraud charges has been moved to a new detention facility after a U.S. federal judge criticized a Bogota prison's conditions as "intolerable." In a letter filed in federal court on Monday, U.S. prosecutors said that Kaleil Isaza Tuzman, the...

  • Nov 20- A Manhattan federal judge on Friday berated U.S. prosecutors for opposing the efforts of a U.S. citizen to leave the Colombian prison where he is currently incarcerated and return immediately to New York to face securities fraud charges. Tuzman was arrested in Colombia in September at the request of U.S. authorities, who are seeking his extradition on the...

  • *Lower commodity prices to hurt South Africa's rand. JOHANNESBURG/ BRASILIA, Nov 5- Emerging market currencies are likely to return to record lows in 2016, a Reuters poll predicted on Thursday, although a recent respite may last for a few more months if the Federal Reserve passes on a December interest rate rise, which many now expect. Currencies in Brazil, Turkey...

  • BOGOTA, Oct 21- Colombia hopes to position itself as a top-tier tourist destination in a bid to attract foreign visitors ahead of a possible peace deal with Marxist rebels, with its affordability bolstered by a weak currency, the head of the country's tourism and export promotion agency said. "At this point most of the limits Colombia has for growth in tourism are...

  • A big, new US oil terminal could change everything Friday, 16 Oct 2015 | 12:08 PM ET
    Tesoro Oil Refinery, Anacortes, Washington.

    Even with low U.S. crude prices, one energy company is betting big on an oil project that would transform energy infrastructure on the West Coast.

  • BOGOTA, Oct 15- Colombian state-run oil producer Ecopetrol will restart operation of its Cartagena refinery on Nov. 10, Finance Minister Mauricio Cardenas said on Thursday. Ecopetrol Chief Executive Officer Juan Carlos Echeverry said in August the refinery would be fully operational in March at the latest. The expansion, estimated to cost more than $7 billion,...

  • The poll also suggests that those few economies which have perked up this year, particularly the United States, the euro zone and Britain, are increasingly exposed to waning global demand and may not be able to maintain their momentum. "Worryingly, for the regions that have shown the most resilience- the U.S. and Europe- the outlook seems to become more clouded," wrote...

  • In a speech to business leaders in Bogota during an official visit to Colombia, Rousseff said expanding trade with South American nations would be a natural course for Brazil, because countries in the region share characteristics that favor integration.

  • *Brazil real seen down 8 pct, S. Africa rand 4 pct weaker. *Brazil, China, Switzerland likely to intervene- analysts. BRASILIA/ BENGALURU, Oct 7- Emerging market currencies will slide further in coming months as investors fret over a slowdown in the global economy and seek safer havens, a Reuters poll showed on Wednesday.

  • LONDON, Oct 2- When Claude Dauphin, the billionaire founder of Trafigura, was diagnosed with cancer two years ago, few doubted he would entirely abandon the fierce work ethic or grueling travel that helped him build one of the world's biggest commodity traders. In fact, according to some insiders, he barely slowed down in the months prior to his death this week in...

  • Trading legend Dauphin leaves void at Trafigura Thursday, 1 Oct 2015 | 2:53 PM ET

    LONDON, Oct 1- When Claude Dauphin, the billionaire founder of Trafigura, was diagnosed with cancer two years ago, few doubted he would entirely abandon the fierce work ethic or grueling travel that helped him to build one of the world's biggest commodity traders. In fact, according to some insiders, he barely slowed down in the months prior to his death this week in...

  • Colombia is close to a deal to boost GDP 'forever' Thursday, 1 Oct 2015 | 12:57 PM ET
    Juan Manuel Santos Calderon speaking at the 2015 CGI Annual Meeting in New York.

    A peace agreement with armed rebels would permanently add 1.5 percent to Colombia's GDP, according the country's leader.

  • Colombian upside Thursday, 1 Oct 2015 | 6:20 AM ET
    Colombian upside

    CNBC's Michelle Caruso-Cabrera reports the Colombian President Juan Manuel Santos has said the country may be close to adding 1.5 percent to its GDP "forever."