The Middle East and other oil-producing countries are hotbeds of instability. So why is oil falling instead of rising?» Read More
CARACAS, Sept 16- Buses across jungle borders, boats through Caribbean waters and private flights from small airfields have become a new norm for departing Venezuela as a multi-billion dollar pay dispute turns the country into something of a' no-fly' zone.
Sept 8- Grupo Aval, Colombia's largest banking group, said it expects to raise $1.1 billion in an initial public offering in the United States. Sarmiento Angulo, 82, also owns Colombia's largest newspaper, El Tiempo, which he acquired in April 2012.
BOGOTA, Sept 5- Colombia's coffee production will be between 11.5 million and 12 million 60- kg bags in 2014, up from a previous estimate of 11.4 million bags, the head of the farmer-funded growers' federation said on Friday, thanks to good weather and tree renovation.
MEDELLIN, Colombia, Aug 14- Colombian businesses should be prepared for the possibility of a "very strong" depreciation in the peso due to rising U.S. interest rates or some other external shock, central bank chief Jose Dario Uribe said on Thursday. The business sector, all Colombians, "Uribe told an industrial conference in Medellin.
MEDELLIN, Aug 14- Colombia should shift its economic engines toward construction, infrastructure and non-tradable sectors to maintain levels of growth, as the oil-driven boom deteriorates, central bank board member Adolfo Meisel said on Thursday.
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.
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.
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.
"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.
A devastating disease is putting the world's banana crop at serious risk and threatening the income of millions of people.
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.
Though consumers have access to more goods and merchandise, some groups, especially farmers, are struggling to survive amid a flood of cheap imports.
Urban buses of the emerging world have a bad reputation for choking pollution, which they no longer deserve. In fact, they could be future cities' best hope.
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.