Business News Colombia

  • *Trump warns Americans to shun Venezuela. CARACAS/ MOSCOW, Jan 30- Venezuela's socialist leader Nicolas Maduro accused U.S. The fight to control Venezuela, which has the world's largest oil reserves, has intensified with new U.S. sanctions and legal moves that may bring the arrest of opposition leader and self-declared interim president Juan Guaido.

  • CARACAS, Jan 30- The fight for control of Venezuela intensified on Wednesday as the government pushed a probe that may lead to the arrest of opposition leader and self-declared interim president Juan Guaido who called for new street protests. Venezuela's Supreme Court imposed a travel ban on Guaido and froze his bank accounts in apparent retaliation for oil...

  • ZURICH, Jan 30- Roche Holding will halt two late-stage clinical trials of its crenezumab drug for early Alzheimer's disease after an interim analysis indicated it was unlikely to hit its primary goal, the Swiss drugmaker said on Wednesday. Roche said an Alzheimer's Prevention Initiative study of crenezumab in familial Alzheimer's disease in Colombia would...

  • Takeda Pharmaceutical Co Ltd plans to seek approval for the experimental vaccine first in countries where the virus is endemic, rather than starting with the United States or Europe, whose rigorous reviews are often used as a benchmark worldwide, company executives told Reuters. In late 2017, Sanofi disclosed that Dengvaxia could increase the risk of severe...

  • CARACAS, Jan 30- The struggle for control of Venezuela intensified on Wednesday, as the government prepared an investigation that could lead to the arrest of opposition leader and self-declared interim president Juan Guaido, who has called for new street protests. Venezuela's Supreme Court imposed a travel ban on Guaido and froze his bank accounts in...

  • CARACAS, Jan 29- Venezuela's government struck back at self-declared interim president Juan Guaido on Tuesday, with the Supreme Court imposing a travel ban and freeze on his bank accounts despite a warning from Washington of "serious consequences" if it did so. The measures triggered higher global oil prices, angry responses from China and Russia and the first...

  • CARACAS, Jan 29- Venezuela's government struck back at self-declared interim president Juan Guaido on Tuesday, seeking a travel ban and freeze on his bank accounts that prompted a warning from Washington of "consequences" after imposing oil sanctions. The measures triggered higher global oil prices, angry responses from China and Russia and the first serious...

  • BOGOTA, Jan 29- Colombia will have 70 percent of a vital $14.8 billion road project financed and under construction by March, President Ivan Duque said on Tuesday. "Colombia needs us to advance on these projects and we will bet on finishing these projects," Duque said. The 4 G will cost an estimated 47 trillion pesos.

  • Jan 29- The United States imposed sanctions on Venezuela's oil exports on Monday, a major escalation in its support for opposition leader Juan Guaido's bid to oust socialist President Nicolas Maduro. Defense Minister Vladimir Padrino reaffirmed support for Maduro in a tweet on Jan. 23, saying Venezuela's armed forces disavowed any self-proclaimed...

  • Jan 28- Brazil stocks posted their sharpest one-day drop in seven weeks on Monday thanks to a near 25- percent plunge in shares of miner Vale after a dam disaster, while most other Latin American shares and currencies fell in line with a global market slump. "Risk aversion in global financial markets due to the uncertainty related to the stability of economic...

  • CARACAS, Jan 27- Venezuelan President Nicolas Maduro oversaw a display of the army's Russian hardware on Sunday, with anti-aircraft flak and tank rounds pounding a hillside to show military force and loyalty in the face of an international ultimatum for new elections. On Sunday, Israel and Australia joined the countries backing the 35- year-old leader, and...

  • CARACAS, Jan 27- Venezuelan President Nicolas Maduro oversaw a display of the army's Russian hardware on Sunday, with anti-aircraft flak and tank rounds pounding a hillside to show military force and loyalty in the face of an international ultimatum to call fresh elections. On Sunday, Israel joined the countries backing the 35- year-old leader.

  • BOGOTA, Jan 24- Colombia has extended coal miner Drummond's license to operate its La Loma mine for an additional 20 years, the national mining agency said on Thursday. Drummond is Colombia's largest exporter of coal. Besides Drummond, the biggest players in Colombia's coal industry are Glencore's Prodeco, Murray Energy Corp's Colombia Natural Resources, and...

  • BOGOTA, Jan 24- Colombia has extended coal miner Drummond's license to operate its La Loma mine for an additional 20 years, the national mining agency said on Thursday. Drummond is Colombia's largest exporter of coal. Besides Drummond, the biggest players in Colombia's coal industry are Glencore's Prodeco, Murray Energy Corp's Colombia Natural Resources, and...

  • *Russia warns against U.S. military intervention. CARACAS, Jan 24- Venezuela's opposition will on Thursday seek to maintain pressure on isolated President Nicolas Maduro after congress chief Juan Guaido swore himself in as interim head of state with the support of nations around the region. Guaido won diplomatic backing from the United States, Canada and...

  • Jan 24- Venezuela's opposition has raised the stakes against President Nicolas Maduro after congress head Juan Guaido swore himself in as interim head of state with the support of the United States and some major Latin American nations. Defense Minister Vladimir Padrino reaffirmed his support in a Tweet on Wednesday, saying Venezuela's armed forces...

  • MEXICO CITY, Jan 23- JPMorgan Chase& Co's private bank is expanding in Mexico and elsewhere in Latin America, the unit's regional CEO said on Wednesday, as wealth creation and political changes bolster the sector's prospects. The bank's growth priorities are Mexico, Argentina and Colombia, Tejpaul said, although it also serves clients in Brazil, Chile, Peru and...

  • *Russia warns against U.S. military intervention. CARACAS, Jan 24- Venezuela's opposition will on Thursday seek to maintain pressure on isolated President Nicolas Maduro after congress chief Juan Guaido swore himself in as interim head of state with the support of nations around the region. Guaido won diplomatic backing from the United States, Canada and...

  • MOSCOW, Jan 24- Russia considers moves to force Venezuelan President Nicolas Maduro from power to be illegal, Vyacheslav Volodin, the speaker of Russia's lower house of parliament, was quoted as saying by the Interfax news agency on Thursday. Venezuela, the most significant U.S. foe in Latin America, is a close ally of Russia and Moscow has become a lender of last...

  • FX@ Jan 23- Brazil stocks scaled an all-time high on Wednesday and the currency firmed, boosted by the country's economy minister reiterating that much needed pension reforms remained the government's top priority, while a weaker dollar helped some other Latin American currencies rise. In Brazil, the real rose 1.3 percent and posted its biggest one-day gain in...