Colombia
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Sam Zell, chairman of Equity Group Investments, said Colombia "may be the best country to invest in" for a number of reasons, including its growing oil production. » Read More |
Alberto Perlman, CEO of Zumba Fitness, discusses how he was able to monetize the worldwide Zumba craze and turn the movement into a multifaceted brand. » Read More |
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BOGOTA, May 21- Colombian pension funds bought about $700 million dollars on the spot market in April, immediately after the government asked them to diversify their portfolios and invest more overseas, a sign the funds would easily meet a $5 billion target over the next 12 months and help weaken the national currency.
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*Calls for better regulations in Colombia capital markets. BOGOTA, May 20- Colombia aims to "internationalize" its capital markets further in the coming years, attracting more foreign companies to its stock market and bring in overseas investors seeking to tap into higher yielding emerging markets, the head of the stock exchange said on Monday.
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SANTIAGO, May 20- Banco de Chile, the country's leading lender, is tempering its enthusiasm for the small, export-dependent economy as it sees signs of a slowdown in demand for corporate and consumer loans, its chief executive said.
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BOGOTA, May 20- With Colombia's oil reserves stretching to less than seven years, its biggest challenge is boosting exploration and attracting fresh investment to uncap a "world of discovery" in shale oil, the energy minister said.
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A theft incident report from the Miami-Dade Police Department said the gold, packed in a box, arrived at Miami International early Tuesday morning on an American Airlines flight from Guayaquil, Ecuador. "The FBI is aware of the situation," FBI spokesman Michael Leverock told Reuters in an email.
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*BG Group, OGX, Total, BP among winners at Brazil auction. RIO DE JANEIRO, May 15- For the first time in nearly five years, Brazil's flagging oil industry has received serious interest from private investors.
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*BG Group, OGX, Total, BP among big winners at Brazil auction. RIO DE JANEIRO, May 15- For the first time in nearly five years, Brazil's flagging oil industry has received a jolt of serious interest from private investors.
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SANTIAGO, May 14- LATAM Airlines Group SA's first-quarter net profit skidded to $42.7 million, or nearly half of a year earlier, on foreign exchange fluctuations, a drop in cargo revenue and the grounding of its three Dreamliners, the company said on Tuesday.
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*Brazil, Chile, Colombia top 2012 Latam FDI recipients. SANTIAGO, May 14- Foreign direct investment in Latin America and the Caribbean this year could fall as much as 3 percent or jump by up to 7 percent after leaping to a record in 2012, the United Nations' body for the region said on Tuesday.
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CARACAS, May 14- Venezuela in 2012 became a net importer of gasoline as a result of escalating problems at its refineries and increasing demand for fuel in its internal market, joining a growing list of countries that struggle with fuel supplies despite ample oil reserves.
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NEW YORK, May 7- Global oil markets will be well supplied this year and next, the U.S. Energy Information Administration said on Tuesday, due to demand growing more slowly than expected while output increases rapidly.
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NEW YORK, May 7- Global oil markets will be well supplied this year and next, the U.S. Energy Information Administration said on Tuesday, raising its forecast from a month ago due to demand growing more slowly than expected while output increases rapidly.
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May 7- Satellite TV provider DirecTV easily beat estimates for the first quarter on Tuesday, as better-than-expected growth in Latin America helped offset the negative effects of a currency devaluation in Venezuela. Net income attributable to DirecTV was $690 million, or $1.20 per share, compared with $731 million, or $1.07 per share, a year ago.
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*Announces April sales; opening of a new warehouse club in Colombia also. *April sales rose 10.7 percent to $176.1 million. *For 4- week period ended April 28, comp. sales for 29 warehouse clubs open at.
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May 7- Satellite TV provider DirecTV easily beat estimates for the first quarter on Tuesday, as better-than-expected growth in Latin America helped offset the negative effects of a currency devaluation in Venezuela, sending shares up 6.7 percent. In the United States, DirecTV added 21,000 net subscribers.
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WASHINGTON, May 6- The International Monetary Fund said on Monday Colombia has requested a new flexible credit line to replace its previous $6 billion two-year program with the Fund, which should expire this month.
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PERTH, May 7- Grappling with soaring costs tied to constructing onshore gas plants, a growing number of energy firms are pledging tens of billions of dollars to build the world's biggest floating structures to exploit offshore gas fields.
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"We believe Apple is about to change the narrative and get investors, analysts, customers and the media finally talking about new products again- starting with a software/services/Mac event on June 10th and a likely iPhone/iPad event in September," analysts led by Ben Reitzes said in a note to clients. **MBIA INC, $14.10, up 43.4 pct** BANK OF AMERICA CORP, $12.74, up 4 pct.
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MEXICO CITY, May 6- Latin American commodity exporters have largely failed to take full advantage of surging raw material prices to boost savings and a recent deterioration in external accounts bears watching, the International Monetary Fund said on Monday.
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The business software maker said it agreed to be acquired by a private equity group led by Bain Capital and Golden Gate Capital Corp for about $6.9 billion. **BERKSHIRE HATHAWAY INC, $166,483.7, up 2 pct;, $110.90, up 2 pct. **ARKANSAS BEST CORP, $13.51, up 28 pct.