A fledgling Latin American trade block is larger economically than Brazil, and growing three or four times as fast.» Read More
*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...
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...
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...
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Though consumers have access to more goods and merchandise, some groups, especially farmers, are struggling to survive amid a flood of cheap imports.
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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.
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