Summary: Credit card transaction volume in Colombia increased to 1.43tn pesos (US$792mn) in July, up 7.5% compared to the same month in 2009.
Summary: By 9:10 a.m. the FTSE 100 .FTSE was up 14.63 points or 0.3 percent at 5385.67, its sixth day of gains after it closed 0.1 percent up on Thursday. The index is up 3.4 percent this week, its strongest showing since early July.
Summary: Colombia’s peso fell for the first time in three days after a 26 percent plunge in Empresa de Telecomunicaciones de Bogota SA sent the benchmark IGBC Index down after failing to find a buyer for a stake in the company.
Summary: Colombia’s peso rose the most in two weeks as oil and copper gained and manufacturing in the U.S. and China.
Summary: Colombia’s coffee harvest may decline in 2011 after wet weather caused the worst outbreak of a plant-damaging fungus in a quarter of a century.
Summary: The General Index of the Bolsa de Valores de Colombia was above the 14,000 mark for the first time in history, and completed a recovery of 6.2% in August. The value of companies listed on the stock exchange stood at 363.7 billion pesos.
Summary: Colombia’s peso rose for a third month, extending its rally this year to 11.9 percent, as a Royal Bank of Scotland Group Plc report said the country may receive an investment-grade rating by the end of the year.
Summary: The Colombian government presented Congress with proposed reforms to oil and mining royalties on Tuesday -- one of the key projects as the country seeks to regain investment grade lost during a 1990s fiscal crisis.
Summary: Colombia’s peso on Monday fluctuated between gains and losses as concern the central bank will buy dollars in the spot market to ease gains in the currency’s world-beating rally offset increases in commodities.
Summary: Colombia's banking sector looks attractive for foreign players in search of solid returns with safe regulations, solid profits and a robust recovery.
Summary: Comcel, the largest Mobile Operator in Colombia, and ROK Entertainment Group (UK), announced the launch of Ideas Web TV, a streamed, on-demand mobile TV subscription service.
Summary: Diageo, the world's biggest drinks maker, saw pre-tax profits increase by 12% to £2.24bn in the year to the end of June.
Summary: Colombia, producer of the world’s largest emeralds, expects to boost export sales by about half this year as buyers in India spur a recovery in demand.
Summary: Arabica coffee fell to the lowest price in more than two weeks as concerns eased that supplies from South America will be tight.
Summary: The top share index rose early on Wednesday, as investors welcomed a batch of upbeat corporate results, though with underlying caution following Standard & Poor's downgrade of Ireland's credit ratings.
Summary: Juan Valdez will celebrate its first half century with an event in Bogotá at the headquarters of the National Federation of Coffee Growers, which will be followed by an exhibition in 17 cities.
Summary: Mining giant BHP Billiton has seen its annual profits rise nearly 70% thanks to a recovery in commodity prices.
Summary: BHP Billiton Ltd., the world’s largest mining company, may post a near-record annual profit tomorrow, helping to drive its $39 billion hostile takeover offer for Potash Corp. of Saskatchewan Inc.
Summary: Arabica coffee futures came off a nearly 13-year high on Monday, but traders say tight supplies are likely to keep prices of the better-quality bean elevated.
Summary: Colombia’s peso rose to an almost two-year high after the central bank said it has no “imminent” plans to buy dollars in the foreign-exchange market, resisting pressure to stem the world’s biggest currency rally this year.
Summary: Prices for coffee beans have returned to nearly 13-year highs, defying expectations for a selloff ahead of Brazil's closely watched harvest.
Summary: The economic recovery looks set to slow down during the second half of the year following a fall in confidence among businesses, research indicated today.
Summary: Colombian debt is cheaper to insure against default than Brazilian bonds for the first time in four years on speculation President Juan Manuel Santos will boost economic growth and help secure an investment-grade rating for the country.
Summary: Leasing Bancolombia SA, the leasing arm of Colombia’s biggest lender, sold 220 billion pesos ($121 million) worth of bonds in the local market.
Summary: Tao Minerals Ltd. (Tao) has announced that Britanico Security Group (Britanico) has commenced their full security assessment of the El Colmillo Gold Mine project.
Source: The Wall Street Journal
Summary: Colombia’s peso fell from a two-year high on speculation the central bank will announce measures to stem the local currency’s rally.
Summary: The ONS said British retail sales rose 1.1 percent in July, the strongest gain since February. Analysts had forecast a rise of 0.4 percent on the month.
Source: The Wall Street Journal
Summary: Colombia's crude-oil output in July rose 19.6% to an average of 786,000 barrels a day from 661,000 barrels a day a year earlier, the government's oil-licensing agency, known as ANH, said Tuesday.
Summary: The BBC reviews the first 100 days of the Coalition government's economic policy.
Summary: Colombia raised its estimated central-government deficit for 2011, included in its proposed budget for next year, to 4.3% of gross domestic product (GDP) from the previous target of 3.9% of GDP.
Summary: The Colombo-British Chamber of Commerce in Bogotá recommends introducing new technologies to the agricultural sector in order to increase the exports to the UK.
Summary: UK inflation eased to 3.1% in July from 3.2% in June, the third month in a row that prices have risen more slowly.
Summary: North-American news network ABC has produced a 4 page report on Colombia's oil and investment boom. Read summary here.
Summary: Colombia posted a $133 million trade surplus in June, with imports rising 25.5% to $3.1 billion from the same month a year ago.
Summary: The B&CCC and La Mesa de Negocios Colombia Nos Une jointly organized the 2nd Importing from Colombia Seminar on the 26th of May. The Seminar was sponsored by Kingston Smith. The Notes of the seminar are available now.
Summary: Colombia’s peso fell the most in a month after President Juan Manuel Santos challenged the Central Bank to take steps to ease a rally that drove the local currency to a two-year high.
Summary: Production of Colombian Industry grew 4.8% in the first semester of 2010 due to the high growth of the auto parts and home appliances assembly sectors.
Summary: Stock markets around the world remained nervous today after yesterday's sharp falls, amid lingering fears about the global economy's recovery from recession.
Summary: Colombia’s peso will likely strengthen to 1,700 per dollar by year-end as higher commodity prices boost exports, Barclays Capital said.
Summary: UK Minister of State Jeremy Browne had a private audience with President Santos on Sunday after representing the United Kingdome at the Inauguration of President Santos on Saturday the 7th of August.
Summary: The Bank of England is expected to lower its economic growth forecast for the UK and raise its expectations for inflation next year, when it publishes its quarterly inflation report later.
Summary: Britain's goods trade deficit with the rest of the world narrowed more than expected to a four-month low in June after exports rose more than four times faster than imports.
Summary: Interbolsa SA, Colombia's largest brokerage firm, expects the economy in the second quarter of the year to have expanded 5.1%, slightly higher than the central bank's estimate of 4.9% growth.
Summary: Recovery in the jobs market will "stall" this year as demand for workers in the public sector falls, new research has warned.
Summary: Colombia's financial institutions posted a combined net profit of 3.08 trillion Colombian pesos ($1.70 billion) during the first half of the year, up 14% from the same period in 2009, the country's banking regulator said Friday.
Summary: The Bank of England has voted to keep interest rates on hold at 0.5% amid concerns over the strength of the economic recovery.
Summary: Colombian exports in June climbed 11.7% to $3 billion from a year earlier, the government's statistics institute, or DANE, said Thursday.
Summary: Rainfall in Colombia may hamper a recovery in coffee production from last year’s 33-year low, an exporters group said.
Summary: The Colombian peso is on a tear, continuing to appreciate against the dollar as authorities appear to have a limited arsenal at their disposal to stop the currency's surge.
Summary: Colombia's largest bank, Bancolombia SA, booked a second-quarter net profit of 291 billion Colombian pesos ($159 million), up 15% from the same period last year.
Summary: The Colombian IGBC stock index Tuesday rose, led by shares of state-controlled oil company Ecopetrol SA which announced it agreed to buy the assets of BP PLC in Colombia.
Summary: BP PLC said Tuesday it has agreed to sell its Colombian oil and gas exploration and production business to Ecopetrol SA and Talisman Energy Inc. for $1.9 billion
Summary: Colombia’s peso rose to its strongest level since October on speculation increased dollar inflows into the South American country will continue to push gains in the local currency.
Summary: Colombia will have a sovereign fund ready this year to save windfall revenue and protect itself from the boom-and-bust cycles that plague many commodity-dependent economies.
Summary: The UK's biggest bank HSBC has reported pre-tax profits of $11.1bn (£7bn) for the first six months of 2010 - more than double it profits for the same time last year.
Summary: Coffee prices hit a 12-year high on Friday on the back of low supplies of premium Arabica coffee from Colombia after a string of poor crops in the Latin American country.
Summary: BP is moving forward with a plan to sell its Colombian assets, valued by analysts at $1.5 to $2 billion, as part of its $30 billion sell-off program, three people familiar with the matter said on Wednesday.
Summary: Colombia's coal production will likely reach 76 million tons in 2010, the director of Colombia's mining regulatory body said Thursday.
Summary: Colombia's state-run Ecopetrol estimated it would average 615,000 barrels of oil equivalent per day (boepd) in 2010, from 521,000 boepd last year, the company said on Thursday.
Summary: Colombian President -elect Juan Manuel Santos names Sergio Diaz-granados as the new Trade, industry and tourism minister.
Source: The Wall Street Journal
Summary: The economic recovery will be slower than the government believes and consumer spending will not recover to its pre-recession peak until 2015, a leading think-tank said on Wednesday.
Summary: Colombian state-controlled oil company Ecopetrol SA (EC, ECOPETROL.BO) will likely report that its net profit more than tripled from the same period in 2009, due to increased production and higher crude-oil prices.
Summary: The Bank of England will have to keep interest rates at their record low of 0.5% until 2014, a leading economic forecaster has said.
Summary: The Colombian central bank lifted its economic growth target for the year, as higher exports and more consumer spending are giving an added boost to the economy.
Summary: With the renovation of half a million hectares of coffee plantations and various projects aimed at increasing output, the National Federation of Coffee Growers (Fedecafe) announced plans to produce 14 million bags of coffee in 2015.
Summary: The UK economy grew by a faster-than-expected 1.1% in the second quarter of the year, according to official data.
Summary: Colombian coffee production will fall to the lower end of forecasts this year amid “scarcity” that has buoyed prices, the head of the nation’s growers federation said.
Summary: Colombia's main IGBC stock index has risen above 13000 points for the first time ever, led by shares of the country's largest bank, Bancolombia SA
Summary: World trade expert Simon Fraser given top Foreign Office role in commercially oriented shakeup
Summary: Yields on Colombia’s peso bonds held at a four-year low on speculation interest payments coming due next week will spur demand for the securities.
Summary: Privately held U.S. coal miner Drummond Co said on Wednesday said it considering taking on a partner for its Colombian operations and has hired Bank of America Merrill Lynch to advise them on the process.
Summary: A Grand National Concert will take place simultaneously in 1,102 municipalities across the Andean nation as well as 44 other cities around the world to mark the victory in the fight for independence.
Summary: Colombia's retail sales in May rose 13.1% year-on-year, according to official data released Monday.
Summary: Newsweek reports why Colombia has become the Country to watch in South America.
Summary: Asset-hungry Colombian firms will continue to snap up opportunities across Latin America in what is seen as a new wave of expansion by companies in the Andean nation, analysts said on Friday.
Summary: The Colombian Embassy in London says it expects over 42,000 people to attend "Colombianamente," a celebration of the country's bicentennial taking place in the U.K. capital on Sunday, July 25.
Summary: Colombian stocks secured a new record for the index thanks to a boost from shares of Grupo Aval after the banking conglomerate said it was moving into the Central American banking sector with a $1.9 billion purchase.
Summary: Ecopetrol will invest US$80,000 million to develop their strategic plan from 2011 to 2020. The company has the purpose of becoming one of the 30 biggest companies of the world.
Summary: Hewlett-Packard (HP) announced that it has chosen Medellin as the location of a outsourced business services hub for the whole of Latin America.
Summary: Foreign Secretary William Hague called on Thursday for a diplomatic offensive to swell trade and investment and strengthen the country's tentative economic recovery.
Summary: The number of people unemployed in the UK fell by 34,000 to 2.47m in the three months to May, official figures show.
Summary: Colombia launches 'Exportafácil', a strategy to help SMEs export through 4 - 72 national postal services to make shipping abroad more efficient.
Summary: Colombia plans to use its armed forces to help scout for new reserves of crude as it seeks to push output to a record, the commander of the armed forces said.
Summary: Eighteen companies have been attracted to Colombia by the 224 new blocks for oil extraction and technical evaluation on offer, according the National Hydrocarbons Agency (ANH), La Republica reports.
Summary: The Colombian government plans to tap the capital markets through a reopening of its peso-denominated global bonds maturing in 2021, according to a filing with the U.S. Securities and Exchange Commission.
Summary: U.K. inflation slowed less than economists forecast in June as higher costs of goods from fuel to food kept the rate of price increases above the government’s 3 percent limit.
Summary: Colombia's fuel and lubricant imports increased in the first four months of 2010 compared to the same period in 2009. The variation is a result of the recovery of the productive system, and the need for low sulfur diesel and naphtha by Ecopetrol.
Summary: Colombia's peso heads for a seventh straight week of gains, its longest winning streak since October, on speculation increased foreign investment will boost dollar inflows into the South American nation, Bloomberg reports.
Summary: The Bank of England's Monetary Policy Committee kept interest rates at a record low 0.5 percent on Thursday and leading economist see no rate rise this year.
Summary: Leading emerald traders have called on foreign investors to support mining of the precious gem in central Colombia. Recent studies show that only 7% of the potential deposits have been mined in the area, which is famous for having the best quality emeralds in the world. The call for investment comes as the industry requires modernization.
Summary: Colombia's elected President Juan Manuel Santos explains he expects a 5.5 per cent economic growth during his mandate. He addresses the importance of investing in infrastructure and his interest in stimulating key sectors of the Colombian Economy. Mr. Santos also explains his plans to increase institutional efficiency and why achieving prosperity is the aim of his government.
Summary: Standard & Poor's revised to positive from stable the outlook on Colombia's BB-plus foreign-currency rating. Colombia may have its credit ratings upgraded if newly elected President Juan Manuel Santos pursues policies that strengthen the economy's resilience.
Summary: The third version of the Colombian Property Fair "Invierte en casa" took place during the 3rd and 4th of July at Westminister University in London. Proexport London reported sales of 84 properties worth 6.6 million dollars and the financial services companies pre aporved loans for around 8 million dollars.
Summary: A short briefing between the new elected president of Colombia Juan Manuel Santos and UK PM David Cameron took place yesterday. They discussed free trade, biodiversity, Latin American issues and Colombia's progress on Human Righs and the war against drug trafficking.
Summary: The low interest rates that can be found in the international markets and the weak dollar have encouraged Colombian businesses to search and acquire more foreign loans.
Summary: Colombian President-elect Juan Manuel Santos announced on Friday that a group of former U.K. Prime Minister Tony Blair's consultants will come to Colombia to advise his incoming administration on foreign policy, EPA reports.
Summary: July 1 (Bloomberg) -- Colombia’s peso rose to a one-week high on speculation Moody’s will raise the South American country to investment grade, luring foreign investors to the country’s financial assets.
Summary: Investment by UK businesses increased at the fastest pace in more than 20 years in the first quarter of 2010, boosted by the services and construction sectors.
Summary: Adam Posen, a member of the Bank of England's Monetary Policy Committee, has indicated he is in no rush to vote for a rise in interest rates because there is no immediate panic over rising inflation.
Summary: Moody’s Investors Service is “optimistic” on Colombia because President-elect Juan Manuel Santos plans to create a fiscal stabilization fund and enjoys “strong” support in Congress, analyst Alessandra Alecci said.
Summary: (Reuters) - The Bank of England should be careful not to tighten monetary policy too soon as inflation is likely to fall and the risk of deflation has not disappeared, policymaker Paul Fisher said in remarks published on Tuesday.
Summary: A statistical analysis done by the National Association of Businessmen in Colombia (ANDI) finds that Colombia’s gross domestic product (GDP) is the fourth-highest in Latin America.
Summary: (Reuters) - Dealing with high levels of government borrowing will help the global economy to recover from the financial crisis, Prime Minister David Cameron said on Monday.
Summary: Britain's financial services industry is growing at its fastest rates since September 2007, a CBI and PricewaterhouseCoopers survey will say today, while warning that increasingly tough regulation could choke off the recovery.
Summary: Colombia's President-elect Juan Manuel Santos promised the energy sector on Friday a smooth transition and continued security to capitalize on a commodities boom in Latin America's No. 4 crude producer.
Summary: June 25 (Bloomberg) -- Prime Minister David Cameron said monetary policy will be used to sustain demand if the British economy falters next year, rejecting any loosening of the government’s fiscal consolidation program.
Summary: BOGOTA (Dow Jones)--Colombia's economy grew at the quickest pace in two years during the first three months of 2010, confirming it is picking up speed faster than initially estimated while inflation remains under control.
Summary: Britain's business leaders have given the Budget their approval, with 80pc of directors supportive of the measures announced.
Summary: BOGOTA (Dow Jones)--Colombia's central government accounts swung to a surplus in the first quarter from the same period in 2009, boosted by stronger income and less spending.
Summary: June 23 (Reuters) - Sterling rose on Wednesday, extending broad gains made the previous day when the UK's new government outlined a tough budget which convinced investors the country is serious about tackling its fiscal problems.
Summary: The toughest Budget package of spending cuts and tax increases in a generation means the UK "can look to a brighter future", George Osborne has said.
Summary: June 22 (Bloomberg) -- Colombian President-elect Juan Manuel Santos named former Cabinet colleague Juan Carlos Echeverry as finance minister, charging him with eliminating the country’s budget deficit and increasing growth.
Summary: June 18 (Bloomberg) -- Colombia’s peso and dollar bonds rose for a fourth straight week on speculation former Defense Minister Juan Manuel Santos will win the presidential election this weekend, attracting record foreign direct investment.
Summary: Colombia's industrial production and retail sales increased in April versus the same month last year in a sign the country is recovering from the global economic crisis, the government said on Friday.
Summary: Colombia's former Defense Minister Juan Manuel Santos easily won the Andean nation's top office on Sunday, defeating his rival by more than 40 percentage points.
Summary: Juan Manuel Santos, who pledged to continue policies of the current superpopular head of state, won a landslide victory in Sunday's presidential runoff, according to preliminary results.
Summary: LONDON—The U.K. Treasury received a boost ahead of next week's emergency budget, as data released Friday showed that net borrowing was lower than expected in May and the Office for National Statistics cut April's borrowing data.
Summary: With only four days left until Colombia goes to the polls to elect the nation's next president, candidates Juan Manuel Santos and Antanas Mockus went head-to-head to tackle the big issues in a live televised debate.
Summary: Colombia's crude oil output in May rose 19% to an average of 776,000 barrels a day from 653,000 barrels a day a year earlier, the government oil-licensing agency, known as ANH, said Thursday.
Summary: Former Colombian President and Liberal Party heavyweight Cesar Gaviria announced Wednesday that he will support Juan Manuel Santos' bid for the 2010 presidency, a move which outgoing President Alvaro Uribe labelled as "opportunistic."
Summary: June 14 (Bloomberg) -- The U.K. economy will grow faster than previously forecast this year because the pound’s drop is helping manufacturers to increase exports, the Confederation of British Industry said today.
Summary: The Colombian peso appreciated Wednesday as investors anticipate the flow of foreign direct investment will continue to rise.
Summary: BOGOTA (Dow Jones)--Colombia posted a $484 million trade surplus in April, with imports rising 19.3% to $3.18 billion from the same month a year ago.
Summary: Colombia’s peso rose to a 10-week high amid an increase in the price of oil and after the government said it expects the local currency to trade this year at a stronger level than previously forecast.
Summary: Inflation eased in May to 3.4 per cent from a 17-month high the previous month, helped by weaker rises in food and petrol prices.
Summary: The pound leapt by more than two cents against the dollar after the Treasury's new Office for Budget Responsibility cut Britain's economic forecast but said that the public finances are in better shape than previously calculated.
Summary: LONDON (Dow Jones)--The U.K. economy grew a robust 0.6% in the three months to May, a leading economic research group estimated Friday, although it warned of downside risks to growth in coming months.
Summary: The Colombian economy is recovering faster than expected while the resurgence in economic activity is not spawning inflationary pressures, the Central Bank said Friday in the minutes from its last board meeting.
Summary: LONDON, June 11 (Reuters) - Sterling rose against the dollar and touched a 19-month high versus the euro on Friday in anticipation of data showing an increase in industrial production.
Summary: BOGOTA (Dow Jones)--Colombian Finance Minister Oscar Ivan Zuluaga Thursday said he doesn't expect any change in interest rates for the time being
Summary: The Colombian peso strengthened against the dollar to a two-month record on Thursday on the rising flow of foreign direct investment.
Summary: The Bank of England is expected to hold interest rates at a record low on Thursday – and possibly for the rest of this year – as it seeks to safeguard Britain's fragile recovery.
Summary: Britain's dominant services sector began to grow again in May in a sign that the recession could be over.
Summary: Colombian presidential candidate Juan Manuel Santos released a ten point plan, which outlines the goals that his much talked about "government of national unity" is focused on.
Summary: Colombia’s peso on Tuesday rose, nearing a three-week high, on bets foreign direct investment into oil and mining will boost dollar inflows into the South American country.
Summary: According to Colombia's Ministry of Trade, Industry and Tourism, the number of tourists visiting the Andean nation has more than doubled during the presidency of Alvaro Uribe, reported Dinero.com on Monday.
Summary: Britain's manufacturers continue to defy the sluggish nature of the economic recovery, with a growing number of companies enjoying buoyant trading conditions over the past three months.
Summary: BOGOTA (Dow Jones) -The Colombian economy likely expanded around 4% in the first quarter of the year while unemployment has stopped growing and long-term inflation is subdued, President Alvaro Uribe said Thursday.
Summary: According to Colombian statistics agency DANE, the country's exports grew by over 26% in the first quarter of 2010 compared to the same period last year, Portafolio reported Friday.
Summary: The major driver of growth in the the twenty-first century will be 'restoration economy' that is redeveloping nations, revitalising cities, and expanding ecosystems
Summary: Colombia's exports soared 43.8 percent in April compared with the same month a year earlier while exports from January to April grew 26.2 percent versus the same period last year, the government said on Thursday.
Summary: Manufacturing activity held steady in May at the previous month's 15-year high, a survey showed on Tuesday, but the recovery picture was clouded by signs of accelerating price pressures.
Summary: Already strongly favored to win the Colombian presidency, former Defense Minister Juan Manuel Santos got another boost on Tuesday when the Andean nation's Conservative party said it will back him in the June 20 vote.
Summary: Colombia's financial regulator said Tuesday that six firms, local and foreign, are seeking to open new banks in the country.
Summary: The City of London's reputation as a hub for the global financial sector helped the UK to retain its position as the top European destination for inward investment. Photograph: David Levene
Summary: What was trumpeted as an expected photo-finish in last Sunday's presidential election in Colombia turned out to be not so close, something that caught the two leading campaigns off guard, their respective candidates told CNN.
Summary: Despite having replaced nearly all of the country's lost trade with Venezuela, Colombia continues to push hard to diversify and increase trade with new countries across the world
Summary: A scion of a powerful Colombian family comfortably won more votes than an eccentric former mayor of Bogotá in presidential elections on Sunday, but narrowly failed to get the majority needed to prevent a runoff election in June between the two men.
Summary: David Cameron will today insist Britain is at a turning point, with the economic decisions the coalition Government makes now set to have an impact on people’s lives for decades to come.
Summary: Colombia's financial institutions posted a combined net profit of 2.31 trillion Colombian pesos ($1.18 billion) during the first four months, up 15% from the same period in 2009, the country's banking regulator said Thursday.
Summary: Moody's Investors Service on Wednesday upgraded the rating of Colombia's 2011 notes guaranteed by the World Bank to Aaa from a previous Ba2.
Summary: David Cameron on Thursday said a resumption of stalled world trade talks could be a cost-free route to economic growth.
Summary: Colombia climbed six places to rank 45th of 58 countries on the World Competitiveness Yearbook (WCY) released by Swiss business school IMB.
Summary: Gross domestic product rose by 0.3% between January and March, revised higher from the 0.2% growth reported last month
Summary: Colombia's economy should grow more this year than the government's initial target of 2.5 percent, based on results from the first quarter
Summary: Colombian President Alvaro Uribe said Wednesday that the signing of a free trade agreement (FTA) with the European Union (EU) is "a very important step for Colombia's economic and social development."
Summary: Juan Manuel Santos and Antanas Mockus, Colombia's top two presidential candidates, remain deadlocked a week before the May 30 election but Mockus leads slightly in a likely run-off, a new poll showed.
Summary: Britain's new Prime Minister David Cameron and France's President Nicolas Sarkozy began what they called a new partnership Thursday, vowing to work together to craft new global financial regulation.
Summary: Presidential candidate Juan Manuel Santos consolidates his lead in the race for the Colombian presidency, the latest poll published on Thursday by newscast CM& shows. Santos' main opponent, Green Party candidate Antanas Mockus, continues to lose points
Summary: Colombian and Peru officially signed a free trade agreement (FTA) with the European Union (EU) at a ceremony in Madrid on Wednesday, boosting bilateral trade between the European bloc and the Andean nations.
Summary: Colombia's oil production climbed 19.5% in April from a year earlier, reaching 776,000 barrels per day, the government said Tuesday.
Summary: The Bank of England's Monetary Policy Committee voted unanimously to make no changes to its ultra-loose policy stance this month. in May.
Summary: Colombia posted a $98.7 million trade surplus in March with imports rising 25% to $3.3 billion from the same month a year ago.
Summary: Oil company B.P. will invest more than $300 million in Colombia in 2010 and 2011 as it expands its gas and oil production in the country, the local company president said on Friday.
Summary: With the presidential election at our doorstep, there has been much talk about the inheritance that the Uribe administration is leaving to the next president.
Summary: The new government will launch an independent audit of public spending next week, Prime Minister David Cameron said on Sunday, as several senior cabinet members expressed concern about budget 'black holes.'
Summary: David Cameron and Nick Clegg will create more than 100 peers to ensure that controversial legislation gets through Parliament.
Summary: David Cameron is expected to complete his government team, as the coalition enters its third full day in power.
Summary: Colombia’s peso rose to the highest level in two weeks on speculation of increased dollar flows into the South American country, after the government asked Congress for permission to sell more bonds in overseas markets.
Summary: Uribista candidate Juan Manuel Santos regained his virtual lead on his main opponent, Green Party candidate Antanas Mockus in the latest poll by newscast CM&. However, if a second round of elections were held tomorrow, both candidates draw.
Summary: Colombia's Minister of Mining and Energy Hernan Martinez is in China attending the 2010 World Expo, where he will attempt to attract Asian petroleum companies to invest in oil exploration in the Andean nation
Summary: Colombia is emerging as a major gold producer as the national Institute of Geology and Mining announces that the country's gold production will double in the next two years, reports Portafolio.
Summary:Conservative leader David Cameron has become the UK's new prime minister after the resignation of Gordon Brown.
Summary: The British political landscape was transformed last night as an unbridled bidding war for power led to Gordon Brown proffering his resignation as prime minister in a dramatic attempt to secure Labour a power-sharing government with the Liberal Democrats.
Summary: Colombia's Ecopetrol set a record for oil and refined product exports for April, reaching 403,510 barrels per day, or the equivalent of $906 million, the highest value since July 1999, the company said on Monday.
Summary: Colombia's April coffee production is up 88% from the same period last year, at 647,000 bags, reports El Espectador.
Summary: The Lib Dem team negotiating with the Tories over forming a new government also met Labour figures in secret at the weekend, the BBC has learned.
Summary: The International Monetary Fund approved an arrangement Friday where Colombia will have access to a loan of $3.46 billion over the course of a year, under the fund's flexible credit line, reports imarketnews.com.
Summary: Colombia’s Green Party candidate Antanas Mockus may become president in a second round of voting against former Defense Minister Juan Manuel Santos, according to poll results published by weekly magazine Semana.
Summary: Stock markets in Chile, Peru and Colombia should begin to integrate this year to create the largest exchange in Latin America based on the number of listed shares, the head of Colombia's bourse said on Thursday.
Summary: Colombia reported a 19.4% increase in exports in March compared to the same period in 2009, despite the huge reduction in exports to Venezuela due to trade restrictions imposed by the socialist nation, reports El Universal.
Summary: With more than 500 general election results in out of 650, the BBC is predicting a hung Parliament with the Tories as the largest party
Summary: According to the most recent polls in Colombia, Antanas Mockus of the newly formed Green Party is head to head with fellow candidate Juan Manuel Santos of the U Party for the upcoming presidential elections soon to be held on the 30th of May.
Summary: David Cameron has the keys to No 10 almost within his grasp, with the final poll of the campaign for The Times indicating that the Conservatives will make sweeping gains from Labour.
Summary: Millions of people across the UK have started casting their votes in the general election.
Summary: Gordon Brown, David Cameron and Nick Clegg are into their final day push for votes ahead of the UK election.
Summary: Colombia's may 30 presidential election seemed like a foregone conclusion
Summary: UK manufacturing activity grew at its fastest for 15 years in March, according to a closely-watched survey.
Summary: Colombia's coffee production will increase by 50% to 14-15 million bags in the next five years, Luis Genaro Muñoz, head of the country's National Federation of Coffee Growers
Summary: The Colombian stock index Thursday rose following the increase of world markets.
Summary: Polls taken after the last three of the televised Thursday debates among the three prime minister hopefuls showed that Tory leader David Cameron was on top. On second place was Liberal Democrat leader Nick Clegg and Labor leader Gordon Brown was third and last.
Summary: Colombian Green Party candidate Antanas Mockus would beat former Defense Minister Juan Manuel Santos in a second-round vote in the country’s presidential election, a poll by Gallup Colombia/Invamer Ltda said today.
Summary: Bogota sixth most attractive LatAm city for investment A joint report issued on Wednesday by Bogota's Universidad del Rosario and a Chilean consulting firm listed Bogota as the sixth most-hospitable city in Latin America for economic investment.
Summary: The Colombian peso Tuesday depreciated to its weakest level since February 9 following a tumble of world markets after rating agency Standard & Poor's downgraded Greece's debt to junk status..
Summary: Greek public and private sector workers went on strike on Thursday, grounding flights, shutting schools and halting public transport in the second nationwide walkout in a fortnight in protest against austerity plans.
Summary: Rising exports lifted Colombia's trade surplus to $233 million in February 2010, up from a $42 million deficit in the same month a year earlier, according to figures released Thursday by statistics department DANE.
Summary:Colombian Trade Minister Luis Guillermo Plata is courting senior lawmakers from Canada’s main opposition Liberal Party in a bid to cement their support for a free-trade agreement and assure its passage in Parliament.
Summary: A former mayor known has surged to the top of Colombia's presidential polls before next month's election, a surprising development that could mean fresh leadership for Washington's biggest regional ally.
Summary: Lib Dem leader narrowly won debate, Guardian ICM poll finds. Cameron accuses Brown of lying over pensioner leaflets. Leaders clash over Trident, immigration and Europe
Summary: Colombia may sell a 5 percent stake in oil producer Ecopetrol SA after mid-year presidential elections as the government seeks to narrow its budget gap, said the head of the nation’s oil regulator.
Summary: At 2.502 million, the number of people out of work is its highest since the end of 1994
Summary: Colombia's capital received high praise as a top tourist destination from newspaper USA Today, which published an article Friday claiming that Bogota has moved "beyond its bad-boy image."
Summary: SABMiller said fourth-quarter lager volume unexpectedly rose as Colombia’s economic recovery spurred consumption and a marketing push lifted sales in South Africa.
Summary: Despite better security and strong economic growth, Colombia has been unable to significantly alleviate poverty.
Summary: A week of crucial economic data for the government got off to a bad start this morning as March inflation came in higher than expected
Summary: City economists say Tory plans to cut public sector spending could wipe 20% off house price valuations
Summary: The Colombian peso weakened against the dollar at Friday's close, on nervousness about the upcoming presidential elections, and as the U.S. government's lawsuit against Goldman Sachs
Summary: Colombia to lure $4.5 billion in gold FDI in 2010-2020
Summary: Ernst & Young forecasting group sees exports and overseas business strengthening but warns of slow growth this year
Summary: Colombia's government will rush a tax bill to Congress this week to fill a budget hole that opened up when the Constitutional Court struck down a presidential decree aimed at funding healthcare.
Summary: Nick Clegg seizes his moment in the TV spotlight. The Lib Dem leader makes powerful pitch as he depicts his party as a significant change from Labour and the Conservatives
Summary: U.S. Defense Secretary Robert Gates on Thursday pushed for a stronger trade relationship with Colombia as part of his efforts to solidify support for the United States in South America
Summary: Emerald Member of the B&CCC, National Federation of Coffee Growers reported the drop for the first quarter of 2010
Summary: Colombia's crude-oil output in March rose to an average of 763,000 barrels a day from 647,000 barrels a day in the same month last year
Summary: Britain's trade gap has narrowed to its lowest level in almost three years amid signs that the weaker pound is boosting exports.
Summary: Colombian government announced that it is willing to sell electricity to neighboring nation Ecuador, to help overcome current deficiencies caused by drought in the country.
Summary: Cerrejon LLC, Colombia's largest coal mine operator, will produce "at least" 31 million metric tons of coal in 2010, up from a "bit less than 30.5 million metric tons in 2009," the company's top official said Thursday.
Summary: Colombia, South America’s third- largest oil producer, expects the auction of exploration rights in the next two years to spur at least $1.5 billion of investment as Asian companies seek new reserves
Summary: UK and Spanish airlines sign formal agreement to amalgamate operations – although both will operate under their original brands
Summary: The Colombian president closed the three-day event, saying that the forum's success demonstrated the growing confidence in the country as an investment destination.
Summary: Colombian government spending is a “growing concern” as voters head to the polls May 30 to elect a new president, said Patrick Esteruelas, a risk analyst with Eurasia Group in New York
Summary: Gordon Brown was accused today of having "declared war on British business" as the Tories pressed home their electoral advantage on the issue of tax rises.
Summary: The British economy is forecast to grow faster than its leading eurozone rivals but a new survey of business activity suggests that the road to recovery will be uneven.
Summary: Ecopetrol SA, Colombia’s largest oil producer, is scouting to purchase assets and form ventures abroad to expand crude output, its chief executive officer said.
Summary: As the Latin American edition of the World Economic Forum starts in Cartagena, the international community acknowledges the main economic advances in the country
Summary: Prediction comes as High Court is expected to rule on whether to grant Network Rail an emergency injunction against the RMT union
Summary: Colombia’s peso rose the most in two weeks on speculation a recovering U.S. economy will boost exports from the South American nation.
Summary: Update to PetroLatina's exploration well on the Midas Block in Colombia.
Summary: Former Bogota Mayor Antanas Mockus, currently running a distant third in opinion polls, officially registered Friday as the Green Party candidate in Colombia’s May 30 presidential elections.
Summary: UN's Deputy High Commissioner for Human Rights presented the annual report on the situation in Colombia to the UN Council in Geneva
Summary: A further 10% of Ecopetrol would be sold next year
Summary: Inflation fell back in February, it was revealed today, easing fears that rising prices were starting to become entrenched in the economy.
Summary: After the Interamerican Bank granted $844 million to invest in government programmes Colombia is considering renewing its $11.1 billion flexible credit line with the International Monetary Fund
Summary: Colombian Ex-ambassador for the UK, Noemi Sanin wins over Ex-minister of Agriculture for the Conservative party.
Summary: Monetary policy committee member Andrew Sentance calls rate of international recovery 'impressive'
Summary: Colombian retail sales in January grew at their fastest pace in more than two years, but industrial output remained sluggish
Summary: Colombian Government agreed to dismount duties for European milk and dairy products in 15 years
Summary: The Foreign and Commonwealth Office presented the latest report in Human Rights for the UK. The report on worldwide human rights, includes Colombia as one of 22 nations with a concerning record on the subject.
Summary: Colombia and the United Kingdom signed yesterday an agreement for the bilateral protection and promotion of investment.
Summary: MPX Energia SA, an energy company controlled by Brazilian billionaire Eike Batista, will invest $1.9 billion over a decade to tap Colombian coal deposits
Summary: Wider jobless measure falls 33,000 to 2.45m people, but 'economically inactive' people rises to record 8.16m and employment hits lowest since 2006
Summary: Empresa de Telecomunicaciones de Bogota SA, the phone company serving Colombia’s capital, fell to the lowest price in four months after postponing its search for an investor.
Summary: UK's imaginary inflation-tracking shopping basket of goods reflects recessionary times
Summary: The cars, pensions and homes of Middle Britain are about to be hit by a stealth attack from Alistair Darling
Summary: Brazilian state-controlled energy giant Petrobras has said that it discovered oil at a block in eastern Colombia.
Summary: FTA between Colombia and Canada to be approved at Canadian Parliament
Summary: Mine minister expects $3 bln in investment
Summary: Sterling drops below $1.50 on warnings from ratings agency Fitch. January's trade gap nears £8bn adding to pressure on pound
Summary: Korea and Colombia made agreements on some sectors during their second round of free trade talks held this week.
Summary: Experts warn homeowners could face 10 years of stagnation as prices start to fall again
Summary: Colombia's foreign debt stood at $53.31 billion in November last year, equivalent to 23.1% of GDP, according to new Central Bank statistics
Summary: A diplomatic breakthrough probably won't be possible until Colombians elect a successor to President Alvaro Uribe, Venezuela's top diplomat said on Sunday.
Summary: Royal Dutch Shell confirmed today that it is in talks to buy Arrow Energy, an Australian natural gas producer, for about $3 billion (£2 billion).
Summary: Colombia has been selected to host the 12th annual World Barista Championship, which will be held in 2011
Summary: Despite some concerns that stocks and bonds could fall following the Constitutional Court's decision Friday to bar President Alvaro Uribe from running for a third term, there's little evidence suggesting that's going to happen.
Summary: Colombia's benchmark IGBC stock index rose 0.2% to 11,753.52 points on Monday, bringing relief to investors who had feared that political uncertainty would cause a sell-off.
Summary: Spanish EuroMP seems optimistic about the Agreement
Summary: Six weeks ago one pound was worth as much as $1.645, but the rate fell to $1.47 this morning
Summary: Official GDP figures for fourth quarter of 2009 revised up to 0.3% from 0.1%
Summary: Not only Alvaro Uribe will not be able to present himself as a candidate for the election in 2010, but nor he (or any other President) will be able to serve three periods (consecutive or non consecutive)
Summary: Cementos Argos, Colombia's largest cement company, said Tuesday its consolidated net profit in 2009 almost tripled to 210 billion Colombian pesos ($109 million) from the COP71 billion reported in 2008.
Summary: Colombia reportedly opposed the plan, saying that the government would not support the exclusion of certain countries.
Summary: Britain’s biggest energy companies were facing mounting pressure to cut prices last night after figures from Ofgem, the industry regulator, showed the average profits they earned per household leapt 40 per cent this winter
Summary: Colombian coffee growers say production will jump as much as 27 percent in the first six months of the year, rebounding from a 33-year low last year.
Summary: Poll found all 42 analysts surveyed forecast the bank will keep its rate stable at 3.5 percent. The majority of the analysts also forecast the bank will keep that rate unchanged through at least June.
Summary: Colombia opened up more on- and offshore acreage for bidding, this time in Open Round Colombia 2010.
Summary: Colombian and Panamanian diplomats next month will start negotiations to seal a free-trade agreement, Trade Minister Luis Guillermo Plata said in a statement Thursday.
Summary: Colombia’s peso bond slump will deepen as the government steps up debt sales to finance its biggest budget deficit in five years
Summary: Anglo American's decision to withold dividend payments will be greeted badly by shareholders
Summary: -Colombia's economy should grow at a pace of up to 2.5% this year as stimulus measures continue to support its recovery
Summary: On 15 February RCN Radio reported that that the constitutional court was likely to approve President Alvaro Uribe’s re-election bid, perhaps as soon as its next session on 17 February.
Summary: Mervyn King, the Governor of the Bank of England, will write his sixth letter to the Chancellor today to explain why inflation has soared above 3 per cent.
Summary: Well tests performed along the perforated interval 5,825 to 5,848 feet measured depth (MD) have shown an initial production rate of 560 barrels per day of 28 degrees API oil with 10% BS&W, on natural flow
Summary: FDI has decreased 12.7% from figures recorded in January 2009
Summary: Ecuador and Colombia have agreed to resume full diplomatic relations that were cut off nearly two years ago.
Summary: 'Our location here should not be taken for granted,' says Diageo chief executive Paul Walsh in a television interview. Diageo is an Emerald Member of the B&CCC
Summary: Colombian exports rose 7.6% in December 2009 to $3.19 billion compared with the year-earlier month
Summary: Miners pushed up Britain's leading index this morning after Rio Tinto reported better than expected results.
Summary: The full-year figure was higher than the 40,000 repossessions in 2008, however, it was almost half the 75,000 predicted by the CML
Summary: Meat, shoes, fabrics, clothes, pharmaceuticals and oils are among the goods that Venezuela is now importing from the U.S. rather than from Colombia, says the Venezuelan-Colombian Chamber of Commerce.
Summary: Ecuador may rejoin Peru and Colombia in talks toward a free-trade agreement between the Andean nations and the European Union, Peruvian Foreign Trade Minister Martin Perez said.
Summary: The Bank of England admitted today that the British economy will take longer than expected to recover and inflation will peak at 3.5 per cent early this year.
Summary: Colombia’s peso climbed the most in more than three months as gains in global equity markets fueled demand for higher-yielding, emerging-market assets.
Summary: The Washington Post analyses the way in which the Obama Administration has addressed so far the FTA with Panama, South Korea and Colombia.
Summary: The coldest start to the year since 1987 was cited as the reason for poor performance, with heavy snowfall keeping consumers away from shopping for all but the bare necessities.
Summary: Colombia's producer prices rose 1.23% in January, boosted by prices of agriculture goods, according to figures released Thursday by the country's national statistics department, DANE.
Summary: BP has become the latest oil company to face a shareholder revolt over its investments in Canada’s controversial oil sands.
Summary: Augusto Solano, President of the Association of Colombian Flower Exporters, stated that Colombia will dispatch over 500 million flowers on 28 daily flights destined for the United States, Canada and some European countries
Summary: Tony Hayward, chief executive, said that 2009 had been a 'very good' year for BP, exceeding many of his expectations
Summary: The number of people employed in the manufacturing sector has risen slightly for the first time in 21 months
Summary: The Head of State explained Professor Klaus Schwab that being the host for the Latin American version of the Forum has a great meaning for Colombia in terms of international confidence.
Summary: On 29 January the presidential election campaign officially began even though the ruling party has yet to name its candidate for the 30 May vote.
Summary: Shares in textile maker Fabricato gained 3.93% after President Obama said the U.S. would strengthen its trade ties with Colombia, Panama and South Korea.
Summary: Colombia is one of the “most attractive investment opportunities” in Latin America, RBC Capital Markets said
Summary: Britain emerges from the longest downturn since records began in 1955 but Gordon Brown warns economic recovery is fragile
Summary: Emerald Member of the B&CCC SABMiller Plc may see volumes in Colombia slump if a sales tax on beer is approved
Summary: Latin America has became an important market for whisky producers and Emerald Members of the B&CCC, Diageo.
Summary: The deal, opposed by Lord Mandelson, the Business Secretary, ends a proud history for Cadbury as an independent company
Summary: The Colombian government Thursday signed a contract to build two stretches of the four-lane highway that will link Bogota and the Caribbean coast and would require about $1.66 billion in investments.
Summary: Colombian Foreign Minister Jaime Bermudez arrived in the Japanese capital of Tokyo on Friday to attend a LatAm-Asia summit and improve his country's business relations with Asian economies
Summary: -The integration of the Peruvian, Chilean and Colombian stock markets should be completed by December 2011, an official with Peru's securities regulator said Friday
Summary: Experts in Colombian economy, including Luis G. Plata, Minister of Trade, Industry and Tourism expressed their concerns on international trade for 2010
Summary: Colombia's Constitutional Court should approve a referendum to allow President Alvaro Uribe to run for reelection, the country's ombudsman said on Tuesday, in a ruling bolstering the U.S. ally's chances of a third term.
Summary: A sharp slowdown in China is one of the biggest threats to future prosperity, the World Economic Forum said in its latest assessment of the risks that mankind faces.
Summary: Terry Smith warns of sterling crisis and interest rate rise. Uplift in construction not enough to halt GDP drop
Summary: Colombia leads Latin American stocks in growth the past decade and last year, but Brazil remains the volume champion.
Summary: UK Minister Chris Bryant on his views about Latin America in an event organised by Canning House last 11 January.
Summary: Colombia’s inflation-linked bonds may be a “good” investment in the first quarter as an increase in commodity and food prices and stronger domestic demand lead to higher consumer prices, Corredores Asociados said.
Summary: 24 firms account for 87% of emissions by FTSE 100 companies. 77% of FTSE firms will aim to cut pollution by 2.5% a year
Summary: Britain’s year-and-a-half long recession is set to draw to a close, after figures released yesterday showed manufacturing was at its most buoyant for two years in December
Summary: The hard-pressed British building industry suffered its 22nd successive monthly fall in activity in December
Summary: Colombian consumer price inflation in 2009 was likely the lowest the country has seen since the mid-1950s due to weak demand, a slump in food prices and a stronger peso.
Summary: Colombia's national government announced Thursday the increase in 3.64 percent to the country's minimum wage from 2010 bringing the basic pay figure to COP514,987 (US$252).
Summary: Canning House will close from 23 December until 4 January
Summary: Government borrowing swelled to £20.3bn last month, taking Britain's net debt to 60.2% of GDP, official figures show
Summary: Colombia's benchmark IGBC stock index rose 0.78% on Wednesday to another all-time high of 11,683.43 points. The rally is being driven by low interest rates, higher world markets and local tax incentives, market sources said.
Summary: 57% of Colombians, 6% less than two months ago, would re-elect President Alvaro Uribe if elections were held now, a poll published on Thursday showed.
Summary: A strike by British Airways cabin crew planned for Christmas has been declared illegal in a High Court ruling.
Summary: Discussions between Ryanair and Boeing over the sale of 200 new aircraft have broken down with the airline blaming the aircraft manufacturer after weeks of negotiations.
Summary: Assa Abloy, the Swedish locking solutions bought Colombia's largest lock producer
Summary: One of the few colombian journalists in the Copenhagen meeting on climate change
Summary: Emerald Member Federacion Nacional de Cafeteros launches new website for Juan Valdez shops.
Summary: The U.S. Congress approved today, for one year, the extension of the Andean Trade Preference and Drug Eradication Act (ATPDEA), for Colombia and Peru, which runs until Dec. 31 2009, while Bolivia and Ecuador have the extension for six months, and six more months conditional.
Summary: Gordon Brown and Nicolas Sarkozy say world leaders must impose tougher limits on remuneration in the financial sector
Summary: Grodon Brown won the argument for an increase in National Insurance contributions over Alistair Darling's plan for a rise in VAT above 17.5 per cent
Summary: Colombia says foreign investment in its oil sector will surpass $3.5 billion next year as the Andean country enjoys a "miniboom" that has made it Latin America's No. 4 oil producer. with output of 700,000 barrels per day.
Summary: U.S. lawmakers are discussing a one-year extension of expiring trade benefits for over 130 developing countries to allow time for a comprehensive review next year, congressional aides said on Tuesday.
Summary: Chile and Colombia have signed a trade agreement on the export of Chilean avocado to Colombia and Chile's import of Colombian tomatoes and bananas, authorities said on Sunday.
Summary: The Central Bank is predicting that, at best, there will be zero GDP growth this year. The economy contracted 0.5% in the second quarter and the bank detected continuing weak domestic demand in the third.
Summary: Last September, Mr. Nigel Luson was elected Chairman of the British and Colombian Chamber. This 10 December he will have his first official event with the Chamber at the End of the Year Reception
Summary: Latest information on Trade and Exports in Colombia
Summary: Colombia's financial institutions posted a combined profit of up 15% from the same period in 2008
Summary: The board of Colombia's largest cement maker Cementos Argos (CEMARGOS.BO) approved the sale of 300 billion Colombian pesos ($150 million) of bonds on the local market.
Summary: Yesterday (30 November) was the legal deadline for the president Uribe to declare his candidacy for elections in May 2010.
Summary: Colombia's urban unemployment rate in October rose to 12.4% from 11% in the same month in 2008
Summary: Colombia's largest airline, Avianca, plans to replace Fokker jets with new airplanes of 100 seats or less, Chief Executive
Fabio Villegas
said.
Summary: Emerald Member Bancolombia has deployed Actimize to improve its ability to prevent – and fight – fraud across the bank industry.
Summary: Colombia's oil industry will attract about US$3.5 billion in 2009 from foreign investors, roughly the same amount as last year.
Summary: Shares in London tumbled as the market opened this morning, following steep losses in Asia, as investor panic over banks' exposure to Dubai's growing financial problems gathered pace.
Summary: The Colombian peso weakened 1.3% against the dollar on Thursday morning on world concerns after Dubai delayed debt payments
Summary: New figures from the ONS have shattered hopes that Britain is pulling out of the longest recession since records began in 1955
Summary: Over 700 Chinese and Latin American businessmen are in Bogota for the third China-Latin America Business Summit, which seeks to strengthen investment ties and reciprocity in trade between the two regions.
Summary: The Colombian government plans to sell as much as 15% of state-controlled oil company Ecopetrol SA to finance construction of new roads and other projects in the country
Summary: Industrial production in Colombia fell an estimated 7.3% during the first nine months of the year compared with the same period last year, according to a private-sector survey of industrialists released Tuesday.
Summary: A member of the Bank of England’s rate-setting committee said that the economy had emerged from recession in the quarter between July and September, contradicting initial figures published by the Office for National Statistics
Summary: Figures reveal the country's debt has ballooned to £829.7bn, casting doubt on Alistair Darling's ability to meet targets
Summary: Website helps the country to position itself within the best 20 countries to invest
Summary: Speaking at the TUC's Beyond Crisis conference in London, about how to kick-start the UK economy, Barber said tackling the public deficit prematurely could choke off recovery before it begins.
Summary: Britain’s headline rate of inflation jumped sharply in October, it was confirmed this morning, due to the weakness of sterling and high oil prices
Summary: Colombia captured four members of the Venezuelan National Guard on Colombian soil and said on Saturday it would send them home in a gesture aimed at lowering diplomatic tensions between the neighboring countries.
Summary: Millions of referendum signatures in support of Colombian President Alvaro Uribe's second re-election bid are invalid, an electoral
Summary: According to the Colombian Ministry of Trade, Industry and Tourism, 90% of the treaty has been agreed
Summary: The Spanish airline Iberia could still walk away from a merger deal with British Airways to create Europe’s largest airline if the British flag carrier is unable to come to an agreement with its pension trustees over how to fund its £2.6 billion pension deficit.
Summary: Brazil and the US have called for a diplomatic approach between the two Andean leaders.
Summary: -The Colombian government collected 56.15 trillion Colombian pesos, in taxes in the first ten months of the year.
Summary: The Colombian government said it would appeal to international bodies over what it called a threat made over the weekend by Venezuelan President Hugo Chavez.
Summary: Venezuelan President Hugo Chavez’s call for military commanders to prepare for a possible war with neighboring Colombia is unlikely to weaken the peso, said chief analyst.
Summary: Emerald Member BBVA reports profit in Colombia
Summary: After talk of saxophone and bath-shaped recoveries, WPP chief Sir Martin Sorrell backs the idea that our economic future is LUV-shaped
Summary: Colombia's state-controlled telecommunication company Empresa de Telcomunicaciones de Bogota SA (ETB.BO), or ETB, said Thursday its net profit rose over the first nine months of this year.
Summary: Colombia’s main stock exchange is seeking more foreign listings after Canada’s Pacific Rubiales Energy Corp. and Greystar Resources Ltd. applied to list shares in the Andean nation.
Summary: Ruthless cuts by the new boss have produced results in higher than expected profits in Emerald Member of the B&CCC
Summary: Colombia and the United States signed a pact on Friday increasing U.S. access to military bases in the South American country, deepening its standing as Washington's main ally in the region.
Summary: Royal Dutch Shell suffered a 73 per cent collapse in its profits during the third quarter on weak volumes and falling oil prices and detailed plans to cut 5,000 of its staff.
Summary: Chile, Colombia and Peru signed a memorandum of understanding to work on the integration of securities regulation to enable cross-border trading.
Summary: The City watchdog has levied a record charge of £10.5 million on GMAC RFC, the mortgage lender, after finding the company guilty of unfair treatment of customers in arrears or threatened with repossession.
Summary: General secretary of Communication Workers Union delivers warning as postal workers begin second round of walkouts
Summary: Colombia's largest retailer, Almacenes Exito (EXITO.BO), posted profits of US$8.4 million during the third quarter, down 9.1% compared with the same period in 2008.
Summary: Colombia’s peso fell, capping its biggest weekly decline since June, on speculation the central bank will act today to ease the currency’s rally.
Summary: Colombia's Juan Valdez coffee chain is evaluating slowing down its planned store openings next year as a result of the global financial crisis.
Summary: The following companies may have unusual price changes today in Latin American trading. Stock symbols are in parentheses and share prices reflect the previous close.
Summary: Colombian companies will issue more bonds in the local market after sales rose to a record this year, said Sandra Gomez, chief investment officer of the nation’s third-largest pension fund.
Summary: The dollar fetched 1,872.60 Colombian pesos after investors expected the sale of a majority stake in local power company The dollar hasn't closed this weak since Oct. 7.
Summary: Press release on the latest Trade and Investment conference 2009
Summary: House prices continued to rise last month, fuelled by cheap borrowing rates and a shortage of homes coming on to the market.
Summary: Report highlights hardships for companies outside the financial sector, as economist warns of the impact on investment
Summary: Colombia's Finance Minister Oscar Ivan Zuluaga on Sunday was elected Latin America's Finance Minister of the Year economy magazine Emerging Markets.
Summary: The Colombian government posted a consolidated budget surplus equivalent to 0.2% of gross domestic product during the first half of the year, down from 1.4% in the same period in 2008, the finance ministry said Monday.
Summary: Marriott International, Inc. announced today that the Bogota Marriott Hotel in Colombia has opened. The hotel is Marriott’s first branded hotel in Colombia, and it is conveniently located within a 10-minute drive of Bogota’s El Dorado International Airport.
Summary: Britain's emergence from recession in 2010 will be stronger than previously thought, according to the International Monetary Fund.
Summary: Britain's economy shrank less than expected in the second quarter, further raising hopes the country will emerge from recession by the end of the year.
Summary: Colombia may sell as much as 10 percent of its stake in Ecopetrol SA, the nation’s state- controlled oil company, to help fund 10 trillion pesos ($5.2 billion) of highway spending.
Summary: Britain's jobless still rising after stimulus packages
Summary: Colombia suspended gas exports to Venezuela for technical reasons, the country's state-controlled oil company said, amid a diplomatic spat between the two neighbors over military deals.
Summary: Colombia's industrial production, excluding coffee-processing, contracted 6.5% in July
Summary: Colombia's 2009 oil output could rise to 700,000 barrels per day from 588,000 bpd in 2008
Summary: Bantel Telecom, Operating Hughes HN System Awarded Contractby Union Temporal Conectando a Colombia for Compartel Project
Summary: A year after the collapse of Lehman Brothers, Britain's bankers are showing worrying signs of returning to their past behaviour, it has been claimed.
Summary: Brown is to admit for the first time that spending cuts will be needed, the BBC understands.
Summary: Incomes to the country have been facing slight reductions from US$5.908 million in 2008 to US$5.374 million this year, according to the Central Bank.
Summary: Canadian bank Scotiabank wants to expand its operations in Colombia and Brazil to increase its Latin American banking platform, said Chief Risk Officer Brian Porter
Summary: Hugo Chávez stamps out regional economic integration
Summary: The Bank of England is expected to keep its key lending rate at a record low 0.5 percent and decide against creating more new money when it meets Thursday as the economy improves, analysts said.
Summary: Colombia has strengthened its international position as a country to do business in, the World Bank's Doing Business report says.
Summary: British exports in July rose at their fastest monthly pace since the start of 2008, helping the trade gap to further narrow and boosting hopes of an economic recovery.
Summary: As a feature on the International Real State section, The New York Times included Cartagena as one of the Great Housing locations and destinations in Latin America.
Summary: Colombia's President Alvaro Uribe has moved a step closer to running for a third term, but investors are debating whether it is the best option for the country.
Summary: The Chancellor prepared his party and the country for a new era of spending restraint to reduce the budget deficit after the economic crisis.
Summary: Emerald Member of the BBP, the British energy company, has made a "giant" oil discovery in Mexico which could provide a major boost for the group during a turbulent trading period.
Summary: Uribe signed the bill that allows a referendum seeking to change again the Constitution, allowing him to run for a third term
Summary: Banished oil executives and engineers are providing added energy to production efforts. The country is also benefiting from an influx of investment attracted by improved security.
Summary: Inflation targeting seems to be the only possible route for Colombia's central bank, the president of the institution said Tuesday in a debate at the Argentine central bank.
Summary: The manufacturing sector retreated in August after last month's gain prompting concerns that the recent growth was only a temporary rally and not a sustainable recovery
Summary: Colombia’s central bank kept its benchmark interest rate unchanged today for a second month as policy makers anticipate the need to cap inflation as the economy improves.
Summary: Left-wing South American leaders have condemned US plans to increase its military presence in Colombia at an emergency summit in Argentina.
Summary: Colombian President Alvaro Uribe tries to ease relationships with Ecuador and Venezuela over the country's agreement with the United States to use military bases.
Summary: Colombia's decision to extend a military agreement with the United States have recently worsened diplomatic and commercial relations with neighbouring Venezuela and Ecuador
Summary: The Andean trade bloc on Saturday approved a unilateral move by Ecuador to apply tariffs on over 1,000 goods from neighboring Colombia, saying its exporters are using their weak currency to flood Ecuador with goods.
Summary: Changing his decision from one week to the next, Hugo Chavez sent back Venezuela's ambassador to Colombia
Summary: The President of Venezuela freezes again diplomatic relations with Colombia, over Uribe's decision on US Military Bases and the row over Swedish weapons presumably sold by Venezuela to the FARC-Guerrilla
Summary: The UK tax authorities launched a fresh crackdown on savers with offshore accounts yesterday in an attempt to recoup hundreds of millions of pounds in unpaid revenue.
Summary: A quick glance on the current candidates for Colombia's presidency according to Reuters International
Summary: The Colombian peso weakened against the dollar on Monday as banks bought dollars to hedge their forward business.
Summary: The busiest line in Britain to be electrified. Electrification will reduce carbon dioxide emissions and will mean faster and more reliable services for millions of passengers
Summary: * Construction 99.75 pct complete
Summary: Unemployment climbed by a record 281,000 to hit 2.38 million in the three months to May, the highest level since October 1995.
Summary: With a brief press release, the current Ambassador resigned to the embassy. There is no official response to her decision.
Summary: The United Kingdom, United States, Germany and France among the countries committed to control temperature from rising.
Summary: As risk ratings agency Moody's Investors Services plays catch-up on Brazil, market watchers expect upgrades for Latin American countries, with hopes mostly pinned on Colombia and Peru.
Summary: Though it is a worrying figure, it is better than the forecast from January 2009, when FDI fell almost 25%
Summary: A tight squeeze on the pay of 6 million public sector workers, and a further public sector efficiency drive this summer, was signalled by Alistair Darling as he warned he was determined to tackle ballooning public sector debt.
Summary: British founding for the ethical market expands
Summary: US' President Obama has come around to seeing the progress Colombia has made in human rights areas and is rightfully backing a free-trade agreement.
Summary: President Barack Obama said Monday he was confident the United States and Colombia would ultimately reach a deal on a stalled free trade pact, after talks with Colombian President Alvaro Uribe.
Summary: Although the OECD predicted before that the British economy would shrink 3.7, but now estimates it will shrink 4.3, on the worst downturn since World War II
Summary: BP will return Cusiana and the northern part of Cupiagua, two of the largest oil fields in the Contry
Summary: Net profit at the Colombian subsidiary of Spanish banking giant (and member of the B&CCC) Banco Bilbao Vizcaya Argentaria SA (BBV) is expected to grow around 12%
Summary: BNP, a racist party from Britain, obtains seat in European Parliament. Most of the votes are from former Labour supporters.
Summary: Colombia’s peso bonds plunged, sending yields to their highest since April, after the government said it will sell additional securities this year to finance the 2010 budget.
Summary: Although the public seems to believe that there are signs of recovery for the UK economy, the Bank of England agreed unanimously to keep rates down.
Summary: Canadian oil and gas exploration and production company Pacific Rubiales Energy has discovered oil in its Abanico 20 well located within the Abanico Block, in the Upper Magdalena Valley of Colombia.
Summary: Worst situation of unemployment in Britain arises as credit crunch victims are still getting fired
Summary: Alvaro Uribe faced the Canadian Parliament by giving a speech on the importance of signing promptly the Canadian - Colombian Free Trade Agreement
Summary: Colombian economists lowered their 2009 inflation forecast for a seventh month to below the central bank’s target range, according to a survey by the bank.
Summary: As the Supreme Court investigates the votes on the referendum that allows Alvaro Uribe to run for President for the third time, Congressmen fear to continue its final approval to avoid facing the Court.
Summary: For the second year in a row, Ecopetrol is ranked as the most prestigious and reputable company in the country. Emerald Member Bancolombia was ranked the second best company.
Summary: The government deems wise to wait and see the full effect of the financial crisis before passing any bills in the Colombian Congress.
Summary: Coffee prices may return to a 10-year high this year after rainfall harmed crops in Colombia, the world’s third-largest supplier, a farming group said.
Summary: Suramericana will invest USD $400million to expand operations in South and Central America
Summary: The Colombian Senate approved yesterday the re-election referendum in order to allow Alvaro Uribe to run for a third consecutive term, thus changing again the Constitution. The final bill must be approved by a conciiliation commission between the House and the Senate.
Summary: The expenses scandal takes its biggest casualty: Speaker Michael Martin pays with his job. It is the first time in 300 years that a Speaker is forced to leave his position.
Summary: Colombia Defence Minister Juan Manuel Santos announced his resignation Monday. He said he will run for the 2010 Presidency if President Alvaro Uribe does not.
Summary: Blank avoids showdown at bank's annual meeting over HBOS losses that soured rescue takeover
Summary: Due to a report on the Daily Telegraph on their personal expenses, MPs are under the line of fire of public opinion due to their outrageous expenses.
Summary: The Washington-based multilateral lender plans to lend $4 billion to the country between June 2008 and June 2011, Eduardo Somensatto, the bank's representative in Colombia, told Dow Jones Newswires in an interview.
Summary: Colombia's state-controlled oil company Ecopetrol ECO.CN could spend up to $10 billion to purchase overseas assets over the next six years, a senior executive said on Tuesday.
Summary: The executive board of the International Monetary Fund approved Monday a $10.5 billion flexible credit line for Colombia, which became the third country to receive the facility aimed at backstopping sound economies during the global financial crisis.
Summary: Emerald Member of the B&CCC Bancolombia reports a downward in profit estimates for 2009, but the figures are far more optimistic than those predicted on 2008
Summary: Colombia's truckers association ACC ended a 20-day old strike after talking to President Alvaro Uribe.
Summary: On public letters to The Guardian by the end of last week, a group of MPs welcomed the suspension of British aid to military forces in Colombia followed by a statement by Ambassador Noemi Sanin on Human Rights.
Summary: Colombia, one the top five economies in Latin America, has seen its economic growth slow sharply and most analysts believe it will fall into recession in the first quarter of this year for the first time since an economic crisis in 1999
Summary: While losing taxing power, Colombia struggles to keep its economy running on 2010.
Summary: Nicolas Eyzaguirre, Director for the IMF's Western Hemisphere, expects Latin America to slowly come out of the crisis in the middle of 2009 and thinks that Colombia will be one of the first to rise.
Summary: In the early hours of 7 May the lower house approved a long-awaited package of political reforms, which will modify 16 articles of Colombia’s constitution.
Summary: On 2 May the Colombian foreign minister, Jaime Bermúdez, met his British counterpart, David Miliband, in London, where they agreed to "work on a united strategy to strengthen the fight against human rights violations".
Summary: UK hands over Basra base to US forces.Memorial service honours dead troops
Summary: Sir Liam Donaldson says he is 'concerned but not alarmed' after WHO raises swine flu threat level.
Summary: Tourism increases in Colombia
Summary: Finance Minister Oscar Ivan Zuluaga says that though Colombia has made this request as a precautonary measure.
Source: British and Colombian Chamber
Summary: Concerns over human rights prompts decision. Colombia says move is 'severe blow' to military.
Summary: As the truckers' strike continues, the Colombian Government is looking for new meetings in order to solve the crisis.
Summary: Colombia lowered fuel prices, as the country's truck drivers pressed ahead with a strike over what they call the high cost of gasoline and diesel.
Summary: The White House expressed hope on Saturday it could soon make progress on a free trade agreement with Colombia that is strongly opposed by U.S. labour groups.
Summary: Alistair Darling will demand £15 billion in Whitehall efficiency cuts this week after repeated warnings that public sector spending is out of control.
Summary: Colombia's popular President Alvaro Uribe moved closer being allowed to run for a third term next year when a Senate committee approved a bill late on Wednesday aimed at clearing the way for a 2010 campaign.
Summary: The government did not set aside resources while things were going well, and now it does not have the fiscal space needed for an aggressive boost to public spending of the type that many other governments are attempting. Although Colombia’s government has announced a strategy based on important infrastructure work, its impact will be limited
Summary: While pledging to continue to assist Colombia combat drug trafficking, the Foreign Secretary said that London “will make tackling impunity a priority."
Summary: President Uribe's response to the guerrilla' s decision on preconditions to a peace talk process
Summary: Innocent Drinks, Britain’s leading smoothie maker, was valued at up to £300 million in a deal in which Coca-Cola Company bought a 10 to 20 per cent stake.
Summary: The Colombian Ambassador to the United Kingdom and Honorary President of the British and Colombian Chamber, H.E. Ms. Noemí Sanin, recently visited Colombia and criticised the Conservative Party on a Radio interview.
Summary: Chancellor Alistair Darling is said to be preparing to forecast that the UK’s economy will contract by between 2.5 per cent and 3 per cent this year. Public borrowing in the coming financial year will be well above the figure predicted, making it even harder to get the public finances back on course over the medium term without more tax rises and spending cuts.
Summary: Colombian policy makers said the economy is weakening faster than central bank officials expected and that four straight interest rate cuts will help support a recovery.
Summary: • G20 leaders agree $1.1 trillion injection to aid global recovery
Summary: Colombian oil exploration and production investment will dip 11 percent to as low as $3.2 billion this year versus 2008, the Colombia Petroleum Association said on Thursday.
Summary: Latin America’s fifth-biggest economy slowed last year as central bank policy makers raised interest rates to the highest since 2001 in a bid to stem inflation.
Summary: Physical trading failed to pick up pace this week in the Colombian cash arabica coffee market as supply from the now completed main 2008-09 harvest ended and premiums remained steep
Summary: Emerald Energy's Chief Executive manifested his disappointment in finding water in a sand channel. Emerald Energy is a Gold Member of the B&CCC
Summary: Francisco Gonzalez, President of B&CCC Member BBVA, gave a voice of support to the Colombian Government’s struggle against drug trafficking and violence
Summary: H.E. Ms. Noemi Sanin, Colombian Ambassador to the UK and Honorary President of the B&CCC, wrote a letter to The Guardian about the environmental cost of cocaine, regarding an article published by the paper on March 12 2009.
Summary: Colombia’s central bank lowered its benchmark rate by a full percentage point as it seeks to revive growth in South America’s fourth-biggest economy.Policy makers voted unanimously to cut the overnight rate to 7 percent, the lowest since 2006.
Summary: Coffee futures in New York will rise as much as 29 percent by the end of the year as tight supplies push up premiums for beans from major producers, an executive with Colombia’s largest growers group said.
Summary: IFC, a member of the World Bank Group, today agreed to invest 12 million Canadian dollars in the equity of Greystar Resources Ltd., supporting an advanced gold and silver exploration project that is expected to provide jobs and government revenues to Colombia once the mine is developed
Summary: The Colombian aviation authority will launch a massive infraestructure programme for the country's main airports.
Summary: The UK's best-selling chocolate bar is set to become Fairtrade certified, increasing the amount of Fairtrade cocoa sourced from West Africa.
Summary: Colombia's biggest bank and Emerald Member of the B&CCC Bancolombia expects loan growth to slow down to below the 10% mark in 2009, mainly due to the country's weaker economy
Summary: For all of 2008, the country reported a trade surplus of $471 million, compared with a deficit of $824 billion in 2007.
Summary: Baroness Gibson of Market Rasen from the Labour Party gave an enthusiastic speech about the importance of investment in Latin America. Follow this content to read the full transcription of the speech.
Summary: Please visit our gallery of pictures for the B&CCC Networking Party 2009
Summary: Asocolflores, member of the B&CCC, reported an increase in the sales of Colombian flowers on the Japanese market.
Summary: The Ministry of Trade, Industry and Tourism will be presenting today Friday 27 February 2009, the new official web portal with tourism information about Colombia.
Summary: Due to the high prices of oil in mid 2008 and an increase in oil production, the state-owned company reported profits for 11.63 billion pesos (about £ 3150m).
Summary: Asocolflores, Member of the B&CCC reported that this Valentine's Day Colombia sold more than 300 million environmentally-friendly flowers for international markets.
Summary: Following Universal Periodic Review on 10 December 2008, Amnesty International made a public statement about Colombia and its current Human Rights situation.
Summary: The Funds collected with the concert will help a small town in North Colombia to build a water supply and sewage system and to build sustainable businesses for its poor population.
Summary: B&CCC's Emerald Member Ecopetrol and Korea's National Oil Corporation bought Petro-Tech, a privately held U.S. oil firm with offshore assets in Peru.
Summary: DANE reported that industrial production contracted by 13.3% y/y and real retail sales declined by 2.9% y/y. Both readings were well below expectations.
Summary: The presidents of Colombia and Venezuela pledged Saturday to invest $100 million each in a special fund in hopes of boosting cross-border trade as the world economic crisis slashes global demand for their exports.
Summary: The latest information on our 4th Edition of the Networking Party is available now
Summary: For the first time since Johnson was elected as mayor for London, he met the Latin American Community in Elephant and Castle.
Summary: In her audience before the US Congress, Hillary Clinton, appointed Secretary of State for the US Government established the first “official position” of the new president on issues regarding Colombia, since the election results in November 2008.
Summary: Colombian President Alvaro Uribe, Former British Prime Minister Tony Blair and former Australian Prime Minister John Howard received the Presidential Medal of Freedom from George Bush, on one of his last acts as President of the United States.
Summary: Foreign investment in Colombia was US$ 8.476m (£ 5.721m) in 2008 while in 2007 it was US$ 6.672m (£ 4503m). Most of the capital came from mining, oil and gas exploitation.
Summary: Gabriel Silva, General Manager of the National Federation of Coffee Growers (Federacion Nacional de Cafeteros), Emerald Member of the Chamber, has launched a lawsuit against the "Mother Goose and Grimm" comic strip.
Summary: The British and Colombian Chamber of Commerce presents some of its planned activities for 2009.
Summary: Closing times for the British and Colombian Chamber 2008-2009
Summary: Emerald Member of the B&CCC Ecopetrol is set to increase investment from $4.62 in exploration and production in 2008.
Summary: While Congress is busy hammering out bailout packages for America's banks and the Big Three automakers, a two-year-old trade deal between the U.S. and its strongest Latin American ally is languishing.
Summary: Colombian central bank director Carlos Gustavo Cano said he disagreed with the board’s decision to raise interest rates this year as inflation showed signs of slowing and said the bank’s next move will be to cut rates.
Summary: The last event of 2008 was kindly hosted by H.E. Ms. Noemí Sanín, Colombian Ambassador to the UK at her residence.
Summary: Due to a drop in the demand of Colombian products by Venezuela, economists predict a weakening of Colombian Peso in 2009. Colombian Peso could be the worst-performing currency of Latin America over the next year.
Summary: Last Friday, November 21, Colombian President Alvaro Uribe and Canadian Prime Minister Stephen Harper signed a Free Trade Agreement between the two nations.
Summary: Italy's biggest energy company by market value, said Thursday it has signed two partnership deals with Colombian state-owned and member of the B&CCC Ecopetrol
Summary: Newly designated White House Chief of Staff Rahm Emanuel said Sunday that the incoming Obama administration opposes attaching the Colombia Free Trade Agreement to an economic stimulus package in order to get the approval of the Bush Administration.
Summary: The International Monetary Fund (IMF) on Friday praised the Colombian government for its efforts to dodge impacts from the world financial crisis.
Summary: The British Embassy in Colombia has prepared these documents on trade between Colombia and the United Kingdom. Download the information here.
Summary: The idea must now be endorsed officially by the European school of commissioners and the Member States, that will decide in addition if the dialogue takes place both with countries at the same time or individually.
Summary: With the property prices plunging in the UK, investment in property has become more attractive in different blooming regions around the world. Colombia is among those "hot spots" for investment, says Jessica Brown of the Sunday Times.
Summary: Colombian Stock Index (IGBC) rises 3.2%, recovering the level it had last October 22nd.
Summary: The Colombian stock index fell Monday to a level not seen since June 2006, as the market was dragged down by the decline of stocks in New York on Friday afternoon after the Colombian stock market had closed for the day.
Summary: The Juan Valdez Coffee shops, owned by Emerald Member National Federation of Coffee Growers (Federacion Nacional de Cafeteros) is planning to expand in the US market, despite the economic crisis.
Summary: Emerald Members Ecopetrol and Bancolombia with the highest steeps on the Colombian Stock Market
Summary: Last week the Colombian Ministers visted the UK. The Minister of Commerce, Industry and Tourism participated as a speaker in an event organised by the B&CCC
Summary: According to the Colombian Ministry of Trade, Industry and Tourism, almost 77% of the Agreement is ready. This week, the Minister visits the UK.
Summary: Colombian President Alvaro Uribe has signed a Decree to facilitate the access of foreign investment to the country, as a legal measure to face the world's financial crisis
Summary: According to the Colombian Ministry of Trade and Commerce, Colombia will accelerate the negotiation of bilateral agreements with European (including the UK) and Asian Countries in order to protect and promote investment in the country.
Summary: London-based BHP Billiton has acquired exploration rights to an onshore block of approximately 7,750,000 acres in the Llanos Basin, Colombia. The area is very prolific and this exploration expects positive results for the next three years.
Summary: London-based Emerald Energy confirmed the discovery, but estimated in its first-half financial report that the field may hold closer to 30 million barrels of recoverable crude. The find in Castilla, 60 miles southeast of Bogota, is still being certified, company spokesman Edward Grace said.
Summary: Ecopetrol, the main petroleum company in Colombia filed with U.S. regulators to register 20 million American depositary shares at a maximum aggregate price of 5 cents each. The company, which expects to list its shares on the New York Stock Exchange by the fourth quarter of 2008
Summary: Due to the liberalization policies put in place by the central government to give more freedom to foreign investors, the Colombian stock market rose by 3.56 percent. Under new regulations, foreign investor will not have to 'freeze' 50% of stock portfolio when investing in the country.
Ecopetrol-Glencore Refinery Upgrade Cost Rises to $2.7 Billion
Colombian Stocks Deserve `Closer Look' on Rates, JPMorgan Says
Summary: The Colombian Correspondent is the official newsletter of the British and Colombian Chamber of Commerce. It circulates among members every 3 weeks and it is free of charge for those affiliated to the B&CCC.
Summary: Emerald Energy Plc (Gold Member of the B&CCC) has announced that their profits have shown a significant increase, in large part due to the rising energy prices, and to the success of their operations in Colombia and the Middle East.
Summary: Asocolflores - Silver Member of the B&CCC - recently issued the latest version of FRESH NEWS, their cooporate NewsLetter.
Ecopetrol (Emerald Member of the B&CCC and largest company in Colombia in terms of turnover) has scored the highest points in a study conducted by MERCO - Monitor Empresarial de la Reputación Coportativa. Other companies that scored high points according to the study are: BANCOLOMBIA (Emerald member of the B&CCC), Bavaria (SAB Miller - Gold Member of the B&CCC), Almacenes Exito, ISA, Cementos Argos, Sofasa, among others.
Colombia was named Latin America’s Top reformer at the Awards Ceremony of the Reformer’s Club in Washington. The Awards are organized by the club in association with the World Bank and awards countries that have carried out the most reforms in the areas covered in the Doing Business 2008 Report published by the World Bank.
Summary: A delegation of Colombian Flower growers and exporters have taken the streets of Covent Garden as they held a Show Room exhibition that counted with the participation of the prestigious British designer Mathew Dickinson – winner of the 2008 Chelsea Flower Show’s best floral arrangement. Workshops were also organized by Judith Blacklock – owner of London’s most recognized florist schools. At the same time, informative meetings on exporting tips and technical issues related to the flower industry were addressed by the group of 12 British experts that came to share knowledge and ideas with key industry players from Colombia. The Show Room exhibition, the seminar, and the workshops; are part of an initiative by Asocolflores - Colombian Flower Growers Association - and were jointly supported and organized by the Proexport Offices in London.
Summary: The B&CCC is happy to announce that in its aim and constant efforts to offer members the most updated and reliable information at the best price, The Chamber has joined forces (through an association agreement) with ‘Latin American News Letters’ - a leading source of economic & political publications on Latin America. Among LatinNews’ product portfolio of products it is possible to distinguish the following: Country, Regional and Sector Reports, Economic & Business Publications, Security & Strategic Reviews, and Special Reports, among others.
Summary: Colombia received over US$ 9.028 million during 2007 and it was only surpassed by Brazil (US$ 34.585 millions), Mexico (US$ 23.230 millions) and Chile (US$ 14.457 millions). The entire region reached a record high US$ 106 thousand millions in Foreign Direct Investment (FDI), in which the service, manufacturing and natural resources industries represented the most active sectors .
Summary: The bilateral trade and investment relation between Colombia and the UK is experiencing significant levels of growth. According to UK Overseas Trade Statistics (HM Revenue & Customs), the total UK Exports to Colombia amounted to £139.647 million during January-December 2007, compared to £133.040 million for the same period of 2006, representing a 5% increase. The main products that contributed to this rise were: Exports of Animal oil and Fats (40%); Petroleum and its products (39%); Beverages (21%); Machinery and Transport Equipment (17%); and Food and Life Animals (15%).
Summary: The Lonja de Propiedad Raiz de Bogota – Gold member of the B&CCC – organized a property investment fair in the Melia White House Hotel in London aiming to attract investors into the Colombian real estate market.
Summary: Over 180 delegates attended last Thursday 24th May the B&CCC NetWorking Party for Business Executives, which took place in Aura Club in Mayfair, London.
Summary: As part of the expansion of our services and facilities offered to members of the chamber, the B&CCC has joined forces with Succeed in Languages - Silver member of the Chamber – to offer Spanish Language classes.
Summary: Lord Norman Foster, famous British architect known mainly for his work in London's City Hall, is one of the candidates to design Bogota's new Metro System.
Summary: The Colombian Ministry of Mining and Energy has launched the new image of the website SIMCO, (www.simco.gov.co), which contains valuable information such as : Mining Investment Guide, The National Development Plan on the Sector, the Colombian Mining Code and all related technical information. The B&CCC has planned a Trade Mission on the Mining Sector which will take place on September 2008. For detailed information about the Trade Mission & Investment opportunities in this sector please contact the Chamber.
Summary: The Board of the B&CCC met on Monday, 7th April at Anglo American PLC offices to discuss Admin Issues and the Business Plan for 2008/2009. There was a presentation from Anglo American regarding their activities in Colombia. The Presentation can be downloaded by following this link:
Summary: The Colombian Bidding Round 2008 organised by the Colombian Hydrocarbons Agency (ANH) is taking place in London. Mr. Armando Zamora, Director General of the Agency launched yesterday the Round with a presentation of the 43 blocks on offer in four basins and the benefits for operators and consortiums. They will also have Data Rooms available until Friday 4th April. For detailed information please visit the Agency’s website www.anh.gov.co or contact the chamber.
Summary: In an interview with Mr. Yamid Amat, one of Colombia’s most respected journalists, The Colombian Mines and Energy Minister, Mr. Hernán Martínez says that Colombia’s energetic future is bright. Identifying the country’s significant amount of resources in terms of coal, oil and farmland that could be destined to bio fuel production, the Mines and Energy minister guaranteed that Colombia shall not enter any energetic difficulties and that it shall not be greatly affected due to rising international oil prices.
Summary: Some recycling plants in Colombia are not operating at their installed capacity and this is causing for the costs generated by their operations to exceed the economic and environmental benefits that they provide to the neighbouring communities.
Summary: Over the next four years, several companies could have access to over US $500 million in funds destined to the production and commercialization of bio fuels, as well exploiting biodiversity in environmentally friendly ways. Investments normally differ between 5 and 30 million (US) but can be recouped in two years, considering that market prices remain similar as they are today.
Summary: More than 10 thousand out of Ecopetrol's 430 thousand shareholders are expected to participate in the company's assembly which is due to take place the next Thursday 27 march in Bogotá, Colombia. Every shareholder is given a place in this assembly where they will have voice and vote. The logistic organization was perhaps the most challenging aspect, but the decided venue was the Corferias pavilion since it was the most suitable location for this massive assembly.
Summary: As part of the current focus on environmental issues, renewable energy sources are becoming more attractive for investors who are looking into these "greener" alternatives in order to reduce costs; considering the soaring oil prices.
Summary: The most recent trade information is now available to download. Please follow the link below to access the UK - Colombia Trade Statistics.
Summary: Avianca has revealed that it will spend up to US$ 7 billion aiming at renovating its fleet of aircrafts in the next 4 years.
Summary: H.E. Mr. Haydon Warren-Gash gave a talk - to both members and non members of the B&CCC – about his views on the Latest Political & Economic Developments In Colombia and the most significant Business Opportunities for British Companies in the country.
Summary: Bogotá, Jan. 18, 2008 - According to a report published by the National Federation of Colombian Coffee Growers (FEDECAFE), 2007 registered the highest export figures of the past decade at $1.9 billion. This increase was mainly driven by higher prices and improved productivity.
Summary: To commemorate its 10th anniversary, the B&CCC has published the booklet “Colombia: Reflections on the country” which compiles statements from influential personalities involved in the UK-Colombia bilateral relationship.
Summary: Colombia is ready to export 300 million stems of certified Florverde® flowers for Valentine's Day.
Summary: After years of constant efforts to improve the level of security in Colombia, one of its most prominent industries - Tourism - begins to re-awake to bring foreign travelers back into the country.
Summary: After 6 years of being suspended in 2001, the direct flight between London and Bogotá will once again lift off; operated by Avianca. Staring today, this route can be flown as frequent as 3 times per week. Additionally, the airline has also been cleared to operate flights to Frankfurt, as well as increase the volume of flights to USA.
Summary: At the instigation of the UK, the G24 International Conference aims to create the space for an open dialogue between the Colombian government and civil society.
Summary: Over 60 delegates attended the Mining Conference: Colombia - Latin America's Hidden Mining Gem, which took place in UKT&I's conference rooms in London.
Summary: Monday 22nd of October. More than 150 business executives gathered at the ICO in London, where the Colombian Minister of Commerce, Industry & Tourism Mr. Luis Guilermo Plata presented the Current Investment Climate in the country as well as opportunities for Foreign Companies.
Summary: SABMiller - Gold Member of the B&CCC and the second largest brewery in the world - expects increases in its sales in the Colombian Market. SABMiller operates on a global scale and Colombia is its second largest market where it has 98% market share.
Summary: Colombian coffee has been granted the status of Protected Geographical Indication, or PGI, by theEuropean Union, Colombia's National Federation of Coffee Growers (Fedecafe) has announced. This is the first, and only, product not produced within Europe that has been granted this status. The official granting of PGI status will take place in Brussels on 27 September. This forbids the use of the name “Colombian coffee” for beans of inferior quality or grown outside the country's traditional coffee region.
Summary: Black Rock Oil's stock rises as they explore Colombia with "encouraging" results. Black Rock Oil PLC is a Silver Member of the Chamber.
Summary: Steve Talbot, Head of Trade & Investment Issues of the UK Embassy in Bogotá, talks about business opportunities for British companies in Colombia.
Summary: Colombia’s president Álvaro Uribe has a lot of support and criticism as he faces huge challenges in his second term. Karina Robinson reports
Summary: Colombia’s security and economic situation has improved to the extent that foreign banks are looking for takeover targets. Karina Robinson reports from Bogotá and Medellín.
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