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Business Colombia

  • 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...

  • SINGAPORE- Federal Reserve Bank of Cleveland President Loretta Mester speaks on "View From the Federal Reserve" before the Global Interdependence Center "Central Bank Series: Singapore" event- 0115 GMT. SYDNEY- Reserve Bank of Australia Governor Philip Lowe to speak at the Australia-Canada Economic Leadership Forum- 2230 GMT. WARSAW- National Bank of Poland...

  • Tareck El Aissami, vice president of Venezuela, attends a swearing in ceremony for the new board of directors of Petroleos de Venezuela SA (PDVSA), Venezuela's state oil company, in Caracas, Venezuela, on Tuesday, Jan. 31, 2017.

    The Treasury Department blacklisted Venezuelan Vice President Tareck El Aissami on Monday for alleged drug-trafficking.

  • What I'm sure about is that we need access to additional sources of financing, " Eduardo Pacheco told Reuters in an interview at his Bogota office. Colpatria in 2011 tapped Canada's Scotiabank as a partner, ceding 51 percent in Banco Colpatria, and in 2013 it sold a similar amount of its insurance business to France's AXA. The construction unit has operations in...

  • GENEVA, Feb 13- Panama wants to impose $210 million of annual trade sanctions on Colombia, according to a filing published by the World Trade Organization on Monday, after winning a legal challenge against a so-called "money laundering" tariff. After Panama won its WTO case against Colombia, a WTO adjudicator gave Colombia until Jan. 22, 2017, to comply with the...

  • BOGOTA, Feb 10- Colombian prosecutors investigating Brazil's Odebrecht for corruption will travel to that country next week to look for evidence that the construction conglomerate bribed politicians and sent funds to presidential campaigns, an official said on Friday. Attorney General Nestor Humberto Martinez has said a portion of $4.6 million that...

  • BUENOS AIRES/ SAO PAULO, Feb 9- When Argentina launched a tax amnesty program last year to bring billions of dollars back into the country, it found support from an unlikely corner: the banks whose clients had stashed money abroad. Some $400 billion in undeclared funds was being held outside Argentina, the economy was in recession and the government badly needed to...

  • BUENOS AIRES/ SAO PAULO, Feb 9- When Argentina launched a tax amnesty program last year to bring billions of dollars back into the country, it found support from an unlikely corner: the banks whose clients had stashed money abroad. Some $400 billion in undeclared funds was being held outside Argentina, the economy was in recession and the government badly needed to...

  • BOGOTA, Jan 30- Surprise interest rate decisions over the last two months by Colombia's central bank and the expected appointment of two new board members next month triggered market uncertainty on Monday, sending local debt yields higher as investors fret about monetary policy. "This complicates investor decisions as far as what is coming," said Banco de...

  • LJUBLJANA- European Central Bank President Mario Draghi to give a speech at the joint ECB/ Bank of Slovenia conference on the 10th anniversary of the adoption of the euro- 1215 GMT. PRAGUE- Czech National Bank monetary policy meeting, after which a statement and a presentation will be published. CANBERRA- Reserve Bank of Australia interest rate meeting- 0330 GMT.

  • BOGOTA, Jan 27- Colombia's central bank held its benchmark interest rate on Friday amid concerns over still-high inflation, even as economic growth estimates head downhill. Global uncertainty and an uptick in inflation expectations were the primary reasons for the rate hold, Finance Minister Mauricio Cardenas, who represents the government on the board,...

  • A man holds a 500 Bolivar banknotes in Caracas, Venezuela

    The extended slump in oil prices has turned the OPEC nation's once-prosperous oil-boom economy into a mirror of the latter day Soviet Union.