Uber will no longer in Colombia as of January 31st following a legal decision. CNBC's Deirdre Bosa reports.
June 21- While worries over tensions between U.S. and Iran kept some Latin American assets pressured on Friday, Brazil's stocks scaled a record high and its currency firmed in a catch-up rally, while Argentina's peso hit a two-month high. President Donald Trump called off a military attack on Iran at the last minute. Stocks in Mexico, Chile and Colombia slipped...
BOGOTA, June 21- Colombia's central bank held its benchmark interest rate steady at 4.25% at its meeting on Friday in a bid to boost the economy ahead of what it said would be a temporary rise in inflation. "Some supply shocks could raise inflation in the coming months, but this will resume its convergence to the target later," board chief Juan Jose Echavarria said,...
BOGOTA, June 21- Colombia's central bank held its benchmark interest rate steady at 4.25% at its meeting on Friday, in a bid to boost the economy amid what it said would be temporary inflation increases. The following is a Reuters translation of the statement accompanying the bank's decision:. The outlook for global growth continues to moderate and in the United...
cenbank decision@ June 21- Mexico's peso slipped in subdued volume on Friday and Colombia's currency treaded water ahead of a decision by its central bank on interest rates amid concerns over U.S.- Iran tensions. "We remain of the view that the BCB sits on hold for 2019, at least until pension reform is closer to completion," Sacha Tihanyi, deputy head of emerging...
Federal Reserve signaled it was read to cut interest rates as soon as July, while rallying oil prices also helped to lift Colombia's peso. The Fed joined global peers such as the European Central Bank and the Reserve Bank of Australia this week in indicating that more policy stimulus is needed to maintain economic growth. Net crude exporter Colombia's peso rose...
However, trading volumes were thin as markets in Brazil, which have a big impact on the indexes, and Argentina were closed for Corpus Christi day. Mexico on Wednesday became the first country to ratify the United States- Mexico-Canada Agreement agreed late last year to replace the North American Free Trade Agreement at the behest of U.S. "The agreement's main...
BOGOTA, June 20- Canada's Continental Gold is on track to open a mine in Colombia in 2020 that will be the country's first large-scale underground gold project in years. Other multinational mining companies looking to kick off similar projects in Colombia have struggled amid legal, financial and licensing troubles and environmental and community...
BOGOTA, June 19- The credibility of Colombia's fiscal targets are deteriorating, the director of Latin American sovereign ratings for Fitch said on Wednesday, as the economy of the Andean nation looks set to grow less than the government had predicted. The ministry has reduced its capital market internal debt target for 2019 and projected it will sell between...