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Colombia Boosts Dollar Buying to Curb Biggest Currency Rally

Posted on: Apr 22 2014 - 6:43am | Comments Off
In: Business & Economy
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COLOMBIA BUSINESS NEWS – (Bloomberg) Colombia’s central bank is stepping up its pace of dollar purchases to curb the biggest currency rally in emerging markets. The bank bought US$19 million yesterday, up from an average of US$10.5 million between April 1 and April 16. Finance Minister Mauricio Cardenas said the increase of about 80 percent is a response to the peso’s recent strength. “As the peso has strengthened, we’ve taken the decision to accelerate the pace of buying within the framework that we’d already established,” Cardenas told reporters in Bogota. “This will allow us to counteract the trend of the dollar in recent days.” The peso has rallied since JP Morgan Chase & Co. said last month that it could more than...

Colombian Farmers Renew Farm Strike Plans

Posted on: Apr 22 2014 - 6:24am | Comments Off
In: News
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COLOMBIA NEWS – Colombian farm representatives ratified plans over the weekend for a new national agricultural strike this April 28. Led by worker organization Dignidad Agropecuaria, the announcement comes amid...

In the first two months of 2014, 43 children escaped or were rescued from illegal armed organizations in Colombia after 332 deserted in all of 2013, according to the Ministry of Defense. Above, alleged members of illegal armed groups, including four minors, were watched by Colombian Military Police in Cali on April 7, 2013. (Mauricio Dueñas/AFP)

In Colombia, War as a legacy

Between 6,000 and 18,000 children remain in the hands of illegal armed groups. The illegal recruitment of children is common in Colombia’s armed conflict. The National Ombudsman’s Office estimates that about 6,000 children are in the hands of illegal armed groups, while the NGO Human Rights Watch puts the figure closer to 11,000. “Recruitment is part of a...

Posted on: Apr 22 2014 - 5:09am | Comments Off
In: Journal, News
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In the first two months of 2014, 43 children escaped or were rescued from illegal armed organizations in Colombia after 332 deserted in all of 2013, according to the Ministry of Defense. Above, alleged members of illegal armed groups, including four minors, were watched by Colombian Military Police in Cali on April 7, 2013. (Mauricio Dueñas/AFP)

In Colombia, War as a legacy

Between 6,000 and 18,000 children remain in the hands of illegal armed groups. The illegal recruitment of children is common in Colombia’s...

indigenous extinct

One Third Of Indigenous Groups In Colombia Threatened With Extinction

EFE – At least one third of Colombia’s indigenous communities are threatened with extinction, says the Rights Observatory...

Gabriel Garcia Marquez cremated in Mexico

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Colombian novelist Gabriel Garcia Marquez, who on Thursday died at 87 after a long sickbed, has been cremated in Mexico City where he spent the last 50 years of his life, the Mexican government announced on behalf of the family. The writer’s cremation was announced by the Mexican government’s National Council for Culture and Arts. According to a press release, Garcia Marquez was...

Inside Colombia

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Medellin’s homeless return ‘home’ after World Urban Forum ends

Hundreds of homeless people returned to the streets of Colombia’s second largest city after apparently being removed by...


Colombia investigating increases in earthquakes in the country’s oil-producing region

Posted on: Apr 19 2014 - 10:32am | Comments Off
In: News
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Colombian authorities are working with Pacific Rubiales Energy Corp. to investigate an increase in seismic activity in the nation’s biggest oil-producing area. The Colombian Geological Service, or SGC, is looking into possible causes of a rise in the number of tremors in eastern Meta province, where the country’s second-biggest oil company has its main operations, SGC geologist Marta Lucia Calvache said by telephone this week. Opposition Sen. Jorge Enrique Robledo and an oil workers’ union are blaming Pacific Rubiales’s Synchronized Thermal Additional Recovery, or STAR, technology, for the increase, an allegation the company says is unfounded. STAR is designed to increase flows by igniting oil in the well. “The hypothesis is that the...

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Influx of coca imported to Colombia from Bolivia, Peru

Gen. Ricardo Restrepo, the head of Colombia’s Anti-Narcotics Police, said domestic narco-traffickers are acquiring an increasing amount of coca, the main ingredient used to make cocaine, from Bolivia and Peru. “We are seeing the same phenomenon as 30 years ago, when coca base arrived from [Bolivia and Peru] and they produced [cocaine] hydrochloride here,”...

Posted on: Apr 19 2014 - 10:08am | Comments Off
In: News
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