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  • BOGOTA, Colombia— Chinese Premier Li Keqiang vowed to deepen economic ties with Colombia during a visit to the Andean nation Thursday as part of his four-nation South American tour aimed at boosting trade and investment. Li is the highest-ranking Chinese official to visit Colombia since the two nations established diplomatic ties 35 years ago and his visit...

  • Search for 15 trapped gold miners continues in Colombia Thursday, 14 May 2015 | 8:34 AM ET

    BOGOTA, Colombia— Scores of rescuers resumed the search for 15 gold miners missing and feared dead Thursday after the water poured into the underground shafts where they were digging. Yeison Gutierrez, 34, said he was able to save several colleagues because he was one of the few miners who knew how to swim. "I swam to the surface fighting against the water and the air...

  • BOGOTA, May 12- Net profit at Colombia's state-controlled oil producer Ecopetrol tumbled 96 percent in the first quarter from the same period last year, largely due to the sharp drop in crude oil prices since the middle of last year. The non-consolidated figure for Ecopetrol alone was 722,000 barrels. Ecopetrol is the largest producer in Colombia's million...

  • May 5- Mexican conglomerate Alfa Sab de CV and Harbor Energy Ltd have agreed to acquire Canadian oil and gas company Pacific Rubiales Energy Corp for C $6 billion, including debt, a person familiar with the matter said on Tuesday. Toronto- listed Pacific Rubiales, whose shares also trade in Colombia, suspended trade in its Bogota shares on Tuesday afternoon after...

  • May 5- Mexican conglomerate Alfa Sab de CV and Harbour Energy Ltd have agreed to acquire Canadian oil and gas company Pacific Rubiales Energy Corp for C $6 billion, including debt, a person familiar with the matter said on Tuesday. Toronto- listed Pacific Rubiales, whose shares also trade in Colombia, suspended trade in its Bogota shares on Tuesday afternoon after...

  • BOGOTA, April 22- Colombia aims to double its non-traditional exports within four years to diversify its goods and services as revenue is battered by a plunge in the price of crude, the trade minister said. While Colombia is not a major oil producer, crude remains its largest export, generating about 20 percent of government revenue. The economy is still growing...

  • BRASILIA, April 17- Investment fund Coliseu has reached a preliminary agreement to sell its stake in Brazilian transmission utility Taesa to Colombia's Empresas Publicas de Medellin for 1.527 billion reais, both companies said on Friday. The other controlling shareholder is Brazilian power holding company Cia Energética de Minas Gerais SA, or Cemig, which...

  • Colombia sees drastic fall in oil revenue this year Wednesday, 18 Mar 2015 | 11:13 AM ET

    BOGOTA, March 18- Colombia's government expects 9.5 trillion pesos in oil revenue this year, down 60 percent from 2013 as the sharp drop in crude prices reduces the oil industry's tax and royalty payments, Finance Minister Mauricio Cardenas said on Wednesday. The situation could worsen in the years ahead, cutting income from oil to 6 trillion pesos, Cardenas told...

  • BOGOTA, March 16- A decision by Colombia's state-run Ecopetrol to reclaim control of the Rubiales oil field will imply heavier investment for it to sustain output and raises pressure on Canada's Pacific Rubiales to replace the future loss of nearly half its production, analysts say. Ecopetrol announced on Friday it would not renew a contract in mid-2016 under...

  • What state passed a white-collar felon registry? Thursday, 12 Mar 2015 | 10:17 AM ET
    Utah's Attorney General, Sean Reyes

    This state approved a measure to build the nation's first white-collar offender registry for financial felons. The NYT reports.

  • PUERTO GAITAN, Colombia, March 10- As fewer and fewer oil trucks roll through the streets of Puerto Gaitan, Mario Romero crunches the numbers. Just six months ago, Transportes Paraiso Regional had 320 drivers moving oil, machinery and personnel around Colombia's booming energy industry. The mayor's office says Puerto Gaitan, home to 45,000 people and set along...

  • BOGOTA, March 3- Colombia's state-controlled oil company Ecopetrol will propose distributing 70 percent of its 2014 net profit of 7.5 trillion pesos as an ordinary dividend at its upcoming shareholder meeting, the company said on Tuesday. The size of Ecopetrol's dividend payouts has a direct impact on the Andean nation's public finances since the...

  • BOGOTA, Feb 20- Colombia's central bank board voted unanimously to keep its key lending rate unchanged for a sixth straight month on Friday, as economic growth slows in the face of depressed oil prices. Central bank chief Jose Dario Uribe said consumer confidence remained strong in the economy, whose growth has been driven largely by robust consumer demand and a...

  • BOGOTA, Feb 17- U.S.-based Drummond said it expects coal production in Colombia this year to reach about 30 million tonnes as it increases mining even as prices remain low, its Colombia president Jose Miguel Linares said on Tuesday. Colombia's second biggest coal miner produced about 26.8 million tonnes last year, up 17.5 percent from 2013. The company is...

  • BOGOTA, Feb 2- Colombia's economy will probably grow slightly more in 2016 than the 3.6 percent predicted for this year, the central bank chief said on Monday. "The technical team is projecting 2016 growth figures a bit above those for 2015," Jose Dario Uribe told reporters after his quarterly presentation in Bogota. A nearly 60 percent drop since June in prices for...

  • BOGOTA, Jan 30- Colombia's central bank will likely keep its key lending rate unchanged for a fifth straight month on Friday, in an effort to bolster slowing economic growth amid plunging oil revenue and a mounting crisis in Europe. The vote comes as world economies grapple with a slump in prices for crude, Colombia's biggest export and source of foreign exchange,...

  • China's new playground: America's backyard Thursday, 29 Jan 2015 | 3:35 PM ET
    Venezuela's President Nicolas Maduro, right, walks with Chinese President Xi Jinping as they arrive to a welcoming ceremony at the Great Hall of the People on January 7, 2015 in Beijing, China.

    China is moving into the United States' backyard——but it's not clear if its Latin America investments are a negative for American interests.

  • BOGOTA, Jan 14- Facebook Inc Chief Executive Mark Zuckerberg launched a free Internet application in Colombia on Wednesday as part of a drive to bring developing markets online, but remained mute on when and if the company would look to move into China. Colombia is the first nation in Latin America and the fourth in the world to receive the new Internet.org...

  • BOGOTA, Jan 14- Facebook Inc on Wednesday launched a mobile phone application that gives Colombian users free access to a handful of online services, broadening Chief Executive Officer Mark Zuckerberg's effort to boost Internet usage in developing markets. Colombia is the first nation in Latin America to receive the new Internet.org service, in partnership...

  • BOGOTA, Jan 14- Facebook Inc on Wednesday launched a mobile phone application that gives Colombian users free access to a handful of online services, broadening Chief Executive Officer Mark Zuckerberg's effort to boost Internet usage in developing markets. Colombia is the first nation in Latin America to receive the new Internet.org service, in partnership...