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Colombia

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  • China, Russia leaders seek South American inroads Friday, 18 Jul 2014 | 12:01 AM ET

    During overlapping visits to Latin America, the leaders of China and Russia have been welcomed with open arms by governments that are among the most hostile to Washington, including Cuba, Nicaragua and Venezuela.

  • UPDATE 1-Starbucks opens in Colombia, home of Juan Valdez Wednesday, 16 Jul 2014 | 12:53 PM ET

    July 16- Starbucks Corp opened its first shop in Colombia on Wednesday, 43 years after the world's biggest coffee chain first started buying beans from the country famous for its premium arabica coffee named after fictional coffee farmer Juan Valdez.

  • Starbucks opens in Colombia, home of Juan Valdez Wednesday, 16 Jul 2014 | 11:03 AM ET

    July 16- Starbucks Corp opened its first shop in Colombia on Wednesday, 43 years after the world's biggest coffee chain first starting buying beans from the country known for its premium arabica coffee. It and all other Starbucks stores in Colombia will be the company's first to serve only locally sourced coffee.

  • Make room Juan Valdez: Starbucks opens in Colombia Wednesday, 16 Jul 2014 | 8:18 AM ET

    On Wednesday, Starbucks made its much-anticipated debut in the country synonymous with coffee after decades of roasting Colombia's Arabica beans for billions of java lovers the world over. But will Colombians answer Starbucks' siren call and ditch a popular local chain bearing the bushy-whiskered coffee farmer's name?

  • The Australian Bureau of Meteorology this week said Pacific Ocean surface temperatures are at levels associated with a weak El Nino, but the threshold for the weather event has not yet been breached. El Nino could bring dry weather to Australia, which is already struggling with a drought, and it could also curb its wheat, sugar and cotton production.

  • BOGOTA, June 11- Colombia is keeping open the option of selling a 100- year bond this year to finance part of its 2015 budget, the finance minister said on Wednesday, after an investment bank proposed to issue sovereign debt with a century-long maturity last week.

  • BOGOTA, May 26- Colombian President Juan Manuel Santos' re-election bid took a hefty blow in voting on Sunday as his right-wing opponent won more support after attacking the government's peace talks with Marxist rebels. Oscar Ivan Zuluaga, a former finance minister, won 29.3 percent of the vote in the first round of voting with Santos trailing on 25.7 percent.

  • BOGOTA, May 25- Opposition candidate Oscar Ivan Zuluaga won most votes in Colombia's presidential election on Sunday but fell short of a first-round victory and will face President Juan Manuel Santos in a runoff that casts doubts over peace talks with Marxist rebels.

  • BOGOTA, May 25- Colombian President Juan Manuel Santos and right-wing challenger Oscar Ivan Zuluaga were locked in a tight election race on Sunday and will face each other in a runoff next month. "Security is important to us; we are 100 percent with Zuluaga," said Jose Gomez, 39, as he left a Bogota polling station with his wife and daughter.

  • BOGOTA, May 9- Colombia's central bank chief said on Friday the economy probably grew about 4.8 percent in the first quarter of 2014 and that inflation was on course to hit its 3 percent target for the year, even as internal demand picks up.

  • MEDELLIN, Colombia, May 8- Colombia's capital markets have attracted investment totaling $2.8 billion in the seven weeks since J.P. Morgan said it would raise the weighting of the nation's government bonds in two of its indexes, one of the bank's strategists said on Thursday.

  • Calpers weighs in on Detroit pension debate Thursday, 1 May 2014 | 7:40 PM ET

    "While not binding on a bankruptcy judge in California, a decision by the 6th Circuit court in Detroit would certainly be persuasive to a judge applying the same federal bankruptcy law in a California case," Sweet said. "Furthermore, the next step after the 6th Circuit court in Detroit is the U.S. Supreme Court.

  • BOGOTA, April 14- The rally in Colombia's capital markets is set to extend at least through 2014, possibly buffering the impact from monetary tightening in the United States but also leading to more volatility, analysts said.

  • BOGOTA, March 20- Colombia's economy grew 4.3 percent in 2013, the national statistics agency said on Thursday, beating the market expectation of 4.1 percent and reflecting momentum driven by nearly a year of low interest rates.

  • HAVANA, March 17- Cuba is laying plans to move to a single currency, a reform that many feel is one of the toughest challenges facing President Raul Castro as he tries to kick-start the Communist country's moribund economy.

  • BOGOTA, March 13- Colombia's central bank could begin raising its key interest rate toward a neutral level as temporary supply shocks disappear and gradually allow inflation to rise, the International Monetary Fund said on Thursday.

  • BOGOTA, March 5- Some arabica coffee buyers in Colombia have ripped up supply contracts with exporters, setting off a price war for high-quality beans in the first sign a 75 percent surge in prices so far this year is starting to disrupt the market, exporters say.

  • SINGAPORE, Feb 21- Global cocoa prices have rallied to 2-1/ 2- year highs on worries El Nino could return in 2014, while other agricultural commodity markets could also be hit by the spectre of the weather anomaly. El Nino means "boy" in Spanish and was first used by anchovy fishermen in Ecuador and Peru in the 19th century.

  • SINGAPORE, Feb 21- The El Nino weather pattern that can trigger drought in some parts of the world while causing flooding in others is increasingly likely to return this year, hitting production of key foods such as rice, wheat and sugar. A strong El Nino can wither crops in Australia, Southeast Asia, India and Africa when other parts of the globe such as the U.S.

  • One country takes hard knocks on free trade Friday, 13 Sep 2013 | 12:05 PM ET
    A demonstration in Bogota supporting farmers

    Though consumers have access to more goods and merchandise, some groups, especially farmers, are struggling to survive amid a flood of cheap imports.