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Colombian Peso Falls Most in Five Months

Posted on: Jul 31 2014 - 9:57am | #0
In: Business & Economy
Rico
colombian-peso

COLOMBIA NEWS – (Bloomberg) Colombia’s peso dropped the most since February and bonds slid on speculation that changes the government is planning on how it measures pension fund returns will lead to increased demand for dollar assets. The peso fell 1.2 percent to 1,881.10 per dollar at the close in Bogota, its steepest drop since Feb. 3. The price on Colombia’s benchmark peso debt maturing in 2024 dropped 1.42 centavos to 123.63 centavos per peso, according to data from the central bank. The yield rose 17 basis points, or 0.17 percentage point, to 6.68 percent, the biggest increase in a month. Colombia will publish in about two weeks recommendations from a group of experts for changes on the way pension funds’ minimum returns are...

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Colombia’s low-cost airline VivaColombia introduces route to Ecuador

Colombia’s low-cost airline VivaColombia announced routes to the capital city Quito in Ecuador beginning in October, reported local media on Tuesday. VivaColombia, a low-cost Colombian airline, still needs the required certification and documents from both Colombia and Ecuador to initiate the flight, according to national newspaper El Tiempo. MORE: Low-cost airline...

Posted on: Jul 30 2014 - 12:02pm | #0
In: Bogota, Colombia Reports, Medellin
TNN
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Bogota continues with nightclub curfew extension citing positive results

Colombia’s capital, Bogota, will continue to extend the night time curfew to 6AM for bars and clubs after experiencing positive...

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Colombia made it to the final after all: Shakira stars at World Cup closing ceremony

COLOMBIA NEWS – Colombia’s very own, Shakira, performed during the closing ceremony of football’s biggest party...

Colombia’s taxi drivers on strike, furious over arrival of ride-share company Uber

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Fifteen thousand taxis drivers in Colombia’s second largest city, Medellin, went on strike to protest the arrival of ride-share company, Uber, as well as other forms of so-called “transportation piracy,” Colombian media reported on Monday. The decision to protest the San Francisco-based mega ride-share company, along with other enterprises that undermine taxi services, has...

Inside Colombia

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Colombia’s low-cost airline VivaColombia introduces route to Ecuador

Colombia’s low-cost airline VivaColombia announced routes to the capital city Quito in Ecuador beginning in October, reported...


Colombia Launches Emergency Plan to Combat El Niño Drought

Posted on: Jul 29 2014 - 2:39pm | Comments Off
In: Business & Economy, News
Rico
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COLOMBIA NEWS - (Reuters) – Colombia has launched an emergency plan to combat the impact of the El Nino weather phenomenon, which has led to drought in several regions of the Andean nation, causing the death of livestock and damage to crops. Among the measures that were announced by President Juan Manuel Santos late on Thursday were drilling water wells, purchasing water trucks, subsidizing animal feed and offering financing to the agricultural sector. Santos also said Colombia would buy helicopters and other equipment to fight wildfires sparked by the hot dry weather. El Nino, which can last more than a year, significantly raises surface temperatures in the central and eastern areas of the tropical Pacific, a phenomenon linked to major...

Colombia busts antiquities traffickers

Posted on: Jul 29 2014 - 8:00am | Comments Off
In: Inside Colombia, News
Rico
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The suspects, all members of the same family, were detained in the southern town of La Cruz for “illegally digging up (pre-columbian) pieces and art,” the statement read. The relics, kept in a home that was used...

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DirecTV Wades Into Colombia’s 4G Fray

Pay-TV provider DirecTV has launched its 4G Long Term Evolution (LTE) service, branding the new offering DirecTV Net, local news portal Communidad Ola writes. Service is currently limited to Chia, Palmira, Barrancabermeja and Monteria, and the operator plans to expand its offerings to smaller cities at first, before launching in the likes of Bogota, Cali and Barranquilla. DirecTV...

Posted on: Jul 29 2014 - 7:42am | Comments Off
In: News, Technology
Rico
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