Business Colombia


  • June 2- United Continental Holdings Inc and Delta Air Lines Inc are among the possible bidders for Latin America's Avianca Holdings SA, the Wall Street Journal reported on Thursday. Calls to the media offices of Avianca in Bogota and San José, Costa Rica, were not answered after working hours. The Wall Street Journal did not immediately make clear what its...

  • WASHINGTON, May 16- Colombia has failed to enforce worker protections in a free trade agreement with the United States, U.S. and Colombian labor unions said on Monday, raising questions about similar provisions in the massive Trans-Pacific Partnership trade deal. In a complaint, filed with a division of the U.S. Labor Department, the unions said threats and acts...

  • Biggest seizure of drugs in history

    More than eight tons of cocaine were seized in Colombia, reports CNBC's Michelle Caruso-Cabrera.

  • BOGOTA, May 12- Colombia's government needs to offer more protection to mining companies who are being threatened by leftist rebels and criminal gangs in control of illegal mines, the country's mining association said on Thursday. "Illegal mining has taken advantage of us," Santiago Angel, the president of the Colombian Mining Association, said in a press...

  • *reuters:// realtime/verb= Open/url= cpurl:// apps.cp./ Apps/fx-polls? RIC= ARS Argentine peso forecasts. *reuters:// realtime/verb= Open/url= cpurl:// apps.cp./ Apps/fx-polls?

  • BOGOTA, April 29- Colombia's central bank unexpectedly increased the benchmark interest rate by half a percentage point on Friday in an effort to stem rising inflation, and slightly lowered its 2016 growth forecast for the country's oil-dependent economy. Colombia's central bank embarked on a rate tightening cycle eight months ago in a bid to tame inflation,...

  • NEW YORK, April 15- Out of sight, out of mind? Unlike most other countries, Uncle Sam requires its estimated 7 million expatriates, whether citizens or resident aliens, to file an income tax return with the Internal Revenue Service. "The U.S. has limited power, but the power they do have is significant," said Greg Dewald, an entrepreneur in Salta, Argentina who runs Bright!

  • BOGOTA, March 10- Spending cuts worth 6 trillion pesos will likely be insufficient for Colombia to meet its 2016 fiscal goals, economists and investors say, arguing that more may be needed to prevent a debt downgrade. But plunging oil and coal revenues have eroded Colombia's fiscal accounts, leaving Latin America's fourth biggest economy scrounging for...

  • BOGOTA, March 7- Colombia's Mines and Energy Minister Tomas Gonzalez has resigned his post, President Juan Manuel Santos said on Monday, amid a series of energy generation problems sparked by drought. Colombia has suffered from a severe drought across much of the nation since the El Nino weather phenomenon began last year and dropping water levels at...

  • BOGOTA, Feb 19- Colombia's central bank raised its benchmark lending rate on Friday to 6.25 percent, the sixth consecutive monthly increase, amid calls for the board to take measures to control the current account deficit and counteract inflationary pressures. Finance Minister Mauricio Cardenas also revealed some of the new austerity measures aimed at...

  • 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,"...

  • Jim Cramer on Mad Money.

    “Mad Money” host Jim Cramer is warning of one group that the market has completely turned its back on.

  • 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.

  • Oil workers weld a new pipeline at PDVSA's Jose Antonio Anzoategui industrial complex in the state of Anzoategui, Venezuela.

    Venezuela's state oil company is temporarily halting gas exports across the border to Colombia

  • Uber

    Uber rewards a lucky driver and passenger for marking the billionth ride since the company's inception in 2009.

  • Demand from China's private refiners and the stockpiling of cheap oil is expected to keep imports at record levels after a Q3 wobble.

  • 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.

  • 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

    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."

  • Still hard to differentiate Colombia: CEO

    Juan Pablo Cordoba, CEO of Bolsa de Valores de Colombia, says Colombia is still finding it difficult to differentiate itself amongst a basket of Latin American and emerging market countries.