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Business Colombia

  • 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.

  • BOGOTA, Jan 19- Colombia could produce 14.5 million 60- kg bags of coffee this year, the highest output in more than two decades, the head of the country's growers' federation said on Thursday, as it pushes productivity and fertilization improvements on farms. Colombia had an output of 18 bags per hectare in 2016, but if growers increase tree density, that figure...

  • *Graphic of poll results: http://tmsnrt.rs/2e7JFpt. Jan 18- The global economic outlook remains shaky, despite recent pockets of resilience, according to the overwhelming majority of economists polled by Reuters who said a rise in protectionist trade policies would hamper growth. That uncertainty is heightened by the signs of a rise in nationalist...

  • SAO PAULO, Jan 10- GTM Holdings SA, Latin America's No. 1 independent distributor of chemical products, has agreed to pay 550 million reais for Brazilian peer quantiQ Distribuidora Ltda, in an effort to gain more foothold in the region's biggest country. Under terms of the deal, GTM Holdings, which is owned by private equity firm Advent International Corp, will pay...

  • *reuters:// realtime/verb= Open/url= cpurl:// apps.cp./ Apps/fx-polls? BRASILIA, Jan 6- Latin American currencies are set for another choppy year in 2017, a Reuters poll showed on Friday, with strategists still scrambling to gauge the impact of Donald Trump's presidency in the United States. Trump, who takes office on Jan. 20, has pledged to erect a border wall with Mexico...

  • Rescuers search for survivors from the wreckage of the LAMIA airlines charter plane that crashed in the mountains of Cerro Gordo, municipality of La Union, on November 29, 2016.

    Errors by the pilot, airline and Bolivian regulators are to blame for a plane crash in Colombia that killed 71 people, authorities said.

  • CHISINAU- National Bank of Moldova announces interest rate decision. CAIRO- Central Bank of Egypt monetary policy meeting. BOGOTA- Bank of Colombia publishes the minutes of its December board meeting.

  • MANILA- Philippines Central Bank monetary policy meeting. PRAGUE- Czech National Bank monetary policy meeting, followed by a statement and a presentation. CHISINAU- National Bank of Moldova announces interest rate decision.

  • ZAGREB- Croatia central bank Governor Boris Vujcic to talk on monetary projections and policy plans for 2017- 1000 GMT. SYDNEY- Reserve Bank of Australia to release the minutes of its December monetary policy meeting- 0127 GMT. BUDAPEST- Hungarian Central Bank rate-setting meeting- 1300 GMT.

  • *Lufthansa flights to Rio and Bogota to carry EY code. BERLIN/ FRANKFURT, Dec 16- Lufthansa has struck its first cooperation deal with a Gulf rival, agreeing to sell tickets jointly with Etihad Airways on some routes and leaving the door open to further agreements in other areas. Australia's Qantas Airways has a similar code-sharing agreement with Etihad rival...

  • Abu Dhabi- based Etihad is keen to extend its route network in Europe via code shares because of limited traffic rights available to the United Arab Emirates, the source said. The two carriers earlier on Friday announced the German airline will place its LH code on Etihad's flights between its home base in Abu Dhabi and Frankfurt as well as on services between Abu...

  • *LH flights between Rio/ Bogota and Frankfurt to get EY code. Under the agreement the German airline will place its LH code on Etihad's flights between its home base in Abu Dhabi and Frankfurt as well as on services between Abu Dhabi and Munich. Etihad will in turn put its EY code on Lufthansa's long-haul services between Frankfurt and Rio de Janeiro as well as...