Business News Colombia

  • Ricardo Gomes da Silva Filho, an exchange trader at Correparti Corretora, said the recovery in the dollar- which had weakened for two sessions after the U.S. Federal Reserve flagged fewer interest rate hikes for the next two years- was pressuring Brazil's real, which dived 1.6 percent. Ari Santos, head of the Bovespa desk at brokerage H.Commcor, pegged the gain on...

  • WILMINGTON, Del, Dec 21- As Venezuela collapses, one little-known U.S. investment fund is poised to win big from litigation against its socialist government: Tenor Capital Management. Since 2012, the New York firm has invested $76 million in Canadian mining firm Crystallex International Corp, largely to fund a lawsuit being waged against Venezuela for...

  • BOGOTA- Bank of Colombia holds board of directors' meeting. MONDAY, DECEMBER 24 KIEV- National Bank of Ukraine publishes Summary of the Discussion on the Key Policy Rate at the Monetary Policy Committee. BISHKEK- National Bank of the Kyrgyzstan holds Board meeting on monetary policy rate.

  • **SEOUL- South Korea's new finance minister, Kim Dong- yeon, plans to hold a meeting with the country's central bank chief to exchange views on the economic and financial conditions, a traditional gesture intended to reaffirm they are managing economic policies in close cooperation between the two highest policymakers- 0300 GMT. MUMBAI- Reserve Bank of India will...

  • Market participants shirked riskier assets in emerging markets and exited bullish positions on the dollar, adding safe haven currencies such as Japan's yen and the Swiss franc to their portfolios. In the United States, the Dow Jones Industrial Average and the Nasdaq Composite recorded minor gains while the S&P 500 ended flat. "With expectations going into the...

  • SAO PAULO, Dec 17- The consolidation of Itaú Corpbanca's operations in Colombia will take another year, a high-ranking executive at the Chile- based bank's Brazilian owner Itaú Unibanco Holding SA said on Monday. The combined entity has operations in Chile, Colombia and Panama. In a meeting with journalists at the bank's headquarters in São Paulo, Itaú...

  • CHICAGO, SAO PAOLO Nov 30- United Continental Holdings Inc on Friday said it had finalized a three-way joint venture with carriers Avianca Holdings SA of Colombia and Copa Airlines of Panama, giving the U.S. airline a deeper foothold in Latin America where travel demand is rising. Under the deal, United said it would provide a $456 million term loan to...

  • Nov 30- United Continental Holdings Inc has finalized a three-way joint venture with carriers Avianca Holdings SA of Colombia and Copa Airlines of Panama, giving the No. 3 U.S. air carrier a stronger foothold in Latin America where travel demand is rising. Under the deal announced on Friday, United said it would provide a $456 million term loan to cash-strapped...

  • Nov 30- United Continental Holdings Inc has finalized a three-way joint venture with carriers Avianca Holdings SA of Colombia and Copa Airlines of Panama, giving the No. 3 U.S. air carrier a stronger foothold in Latin America where travel demand is rising. Like its main U.S. rivals, United has been eyeing untapped potential for leisure and business travelers in...

  • Nov 30- United Continental Holdings is close to partnering with Latin American carrier Avianca Holdings SA, as the U.S. airline company agrees to pay off debt owed to a hedge fund, the Wall Street Journal reported on Friday. In 2017 Avianca countersued its No. 2 shareholder Kingsland Ltd after Kingsland sought to halt negotiations between United and top...

  • BOGOTA, Nov 27- Colombia, the world's fifth-largest exporter of coal, produced 20.3 million tonnes in the third quarter, down 5.6 percent from the same quarter the year before, government figures showed on Tuesday. Colombia produced 21.5 million tonnes in the third quarter of last year. The biggest players in Colombia's coal industry are Drummond Co, Glencore Plc,...

  • BOGOTA, Nov 19- Colombia's main mining industry group said on Monday it was optimistic a new tax bill that includes a cut to corporate taxes will help attract more foreign investment, allowing companies to boost exploration and output in the coming years. "This law, which was a campaign promise, helps guarantee the competitiveness of the industry that competes in...

  • BOGOTA, Nov 16- A Colombian investigation into the death of Jorge Enrique Pizano, a key witness at the center of a corruption probe involving Brazilian construction firm Odebrecht, found that he died of a heart attack, the chief coroner said on Friday. The attorney general's office on Tuesday had ordered a probe into Pizano's Nov. 9 death on fears of foul play after...

  • BOGOTA, Nov 16- Private oil producers in Colombia said on Friday they are optimistic about promises by President Ivan Duque to improve security and bolster the sector. "We're seeing progress- we have all the confidence in the world in the administration," said Occidental Petroleum chief executive Vicki Hollub, on the sidelines of an oil and gas conference in...

  • BOGOTA, Nov 9- A tax overhaul bill proposed by Colombia's government could push up consumer prices, moving inflation above its target level and leading the central bank to raise interest rates sooner and more sharply than previously expected, analysts said on Friday. The bill, presented to Congress last week, aims to raise 14 trillion pesos to finance spending...

  • BOGOTA, Oct 31- Colombian President Ivan Duque's administration presented a tax bill to Congress on Wednesday that aims to raise 14 trillion pesos to finance next year's budget, including higher taxes on the middle class and lower duties on businesses. Finance Minister Alberto Carrasquilla may have a tough time clinching legislative approval for the bill-...

  • BOGOTA, Sept 28- Colombia's central bank will gradually accumulate international reserves through a series of auctions beginning Oct. 1, the bank said on Friday.

  • MONDAY, SEPTEMBER 24 BANGKOK, Thailand- Bank of Thailand Governor Veerathai Santiprabhob speaks at a two-day BOT symposium 2018: The future of money, finance, and central banking- 0200 GMT. BRATISLAVA- Slovakia Central Bank Governor Jozef Makuch holds a news conference 1100 GMT. PRAGUE- Czech National Bank holds monetary policy meeting.

  • Sept 20- Canadian miner Continental Gold said on Thursday three of its geologists were killed in Colombia's northern Antioquia province in an armed attack attributed to dissident members of a former rebel group. The incident took place in the town of Ochali in the municipality of Yaramul, Antioquia, which is located within the boundaries of Continental's...

  • Facebook reportedly testing new dating feature with safeguards to prevent stalking and encourage meaningful connections. The country-wide test is running in Colombia.