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Colombia

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  • NEW YORK— For the seventh quarter in a row Facebook beat profit and revenue forecasts, continuing to win more mobile advertising revenue as most users shift to using the site on smartphones and other portable devices. The world's biggest online social network said Wednesday that advertising revenue jumped 53 percent to $3.59 billion for the fourth quarter—...

  • The Jan. 2 disappearance of Moises Sanchez had sparked protests in Veracruz state, where at least 11 journalists have been killed since December 2010, making it one of the most dangerous states in Mexico for reporters. Sanchez was a social activist and journalist in the town of Medellin de Bravo who published a weekly, " La Union," which covered local government...

  • WASHINGTON— Macau, the Chinese territory known for casino gambling, outperformed the rest of the world's major cities economically last year, according to a report out Thursday. Cities in the developing world, especially China, dominated the top of the annual economic rankings of 300 cities worldwide by the Brookings Institution and JPMorgan Chase.

  • The Brookings Institution and JPMorgan Chase ranked 300 major cities worldwide for economic performance last year.

  • CARACAS, Venezuela— When Venezuelan President Nicolas Maduro returns from an urgent fundraising trip that has taken him to seven nations, he'll find his oil-dependent economy teetering on the edge and desperate countrymen searching empty store shelves for basic goods. But never before have we had an economic, political and social crisis at the same time, "said...

  • 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...

  • QUITO, Jan 6- Ecuador imposed tariffs on imports from Colombia and Peru in a bid to shield its economy from cheap goods entering as a result of depreciating currencies in those two nations, while its biggest export is being hit by the slumping price of oil. The Andean nation, the smallest member of OPEC, will temporarily levy a 21 percent duty on imports from Colombia...

  • NEW YORK, Dec 17- A tiny mutual fund based in Miami, a clutch of cruise line operators and a Canadian natural resources company rank among the early winners in the Obama administration's surprise move on Wednesday to thaw relations with Cuba. While the Cuban economy is small, with gross domestic product of roughly $70 billion, according to the World Bank,...

  • NEW YORK, Dec 17- A tiny mutual fund based in Miami, a clutch of cruise line operators and a Canadian natural resources company are the early winners in the Obama administration's surprise move on Wednesday to thaw relations with Cuba. While the Cuban economy is small, with gross domestic product of roughly $70 billion, according to the World Bank, comparable to...

  • BOGOTA, Dec 10- Bidding to build a long-awaited $6.9 billion subway system in Bogota, Colombia's capital city, will open in the second half of 2015, the mayor said on Wednesday, adding that the project has garnered interest from foreign companies. Now the city has plans to open a first 32 km line serving 27 stations by 2020, mayor Gustavo Petro- considered the...

  • *Good news for robusta growers such as Vietnam, Indonesia. MUMBAI/ SEOUL, Dec 4- Mumbai civil servant Sachin Kenjale regularly ends his day with a steaming cup of instant coffee after trying the drink for the first time with friends around two years ago. Reaching that milestone would underscore a major market shift, with robusta's popularity soaring as increasing...

  • WASHINGTON, Dec 2- Colombia's government rewarded children who showed up for school in Bogota with cash payments for their families, an attempt to reduce high school drop-out rates and encourage university attendance. But the program was less effective until the government made a tweak: some families would receive smaller regular sums and get a bigger payout...

  • Global air ticket fraud sweep nets 118 arrests Friday, 28 Nov 2014 | 8:05 AM ET

    AMSTERDAM, Nov 28- More than 100 people were arrested worldwide this week after an investigation spanning 45 countries into the use of stolen credit cards to buy plane tickets, European police agency Europol said on Friday. The probe, run from Europol's headquarters in The Hague as well as from Singapore and Bogota, Colombia, was aimed at curbing a type of crime...

  • BUSINESS-NEWS-SCHEDULE AT 2000 GMT / 3:00 p.m. ET Thursday, 27 Nov 2014 | 3:00 PM ET

    Oil prices plunge after OPEC decides against output cut. CALGARY- Brent crude oil plunged as much as $6.50 a barrel, and U.S. crude dropped by nearly as much, posting their steepest one-day falls since 2011, after OPEC decided against cutting output despite a huge oversupply in world markets. BOGOTA- Hundreds of thousands of people displaced from their land...

  • BOGOTA, Oct 30- Colombia has room to take on additional debt next year to make up for a shortfall in revenue if the international price of oil continues to decline, Finance Minister Mauricio Cardenas said on Thursday, adding the government would maintain its spending pace. A decline in Colombia's crude output coupled with a drop in price has raised concern in...

  • BOGOTA, Oct 27- Colombia's central bank will hold its benchmark interest rate at 4.5 percent until at least the end of the year because of economic uncertainty at home and abroad, according to a Reuters survey on Monday, while the peso will continue depreciating. "Being conscious of the moderation in local economic growth in the second half of the year, it still...

  • Grupo Aval SA expects to finance around $5.4 billion of the $17 billion the government must raise to pay for the upgrade of 8,000 km of roads in the next five years, Luis Carlos Sarmiento Gutierrez, its president told Reuters after an IPO worth $1.26 billion in New York.

  • Sept 23- Colombian banking group Grupo Aval SA raised $1.26 billion, more than expected, from its initial public offering in New York on Tuesday, and plans to use the funds to bolster its banks' capital. J.P. Morgan Securities LLC, Goldman Sachs& Co, Citigroup Global Markets Inc and Morgan Stanley& Co LLC are underwriting the offering.