Finance Colombia » 2015 » March

Avianca Holdings Reports an Operating Profit of $118.4 Million for the Fourth Quarter of 2014

Avianca Holdings S.A., (NYSE: AVH) (BVC: PFAVH), announced this week its fourth quarter 2014, financial and operational results. The carrier earned an adjusted net income for the quarter ended December 31, 2014 of $47.4 million, excluding special items, while posting an adjusted...

Posted On March 4, 2015

, By Loren Moss

Japanese Rating Agency “Rating and Investment Information Inc.” Upgrades Colombia to BBB

The Japanese rating agency Rating and Investment Inc. (R & I) has upgraded Colombia’s long-term debt rating from BBB- to BBB with a stable outlook. R & I confirmed its confidence in the country’s economic stability in recent years, noting that Colombia recorded real GDP...

Posted On March 4, 2015

, By Loren Moss

Minhacienda Floats $700 Billion (COP) Notes To Strong Demand; Issuance Oversubscribed

The Colombian Finance Ministry issued $700 billion pesos (roughly $280 million USD) of public debt through Colombia’s domestic financial markets last week, with yields of 5.18% increment for five year maturity, 6.492% for a ten year term, and 735% for a 15 year maturity. The...

Posted On March 4, 2015

, By Loren Moss

Colombia Enjoying Historically Low Unemployment Rates

Colombia’s Finance Minister Mauricio Cardenas said Friday from Puerto Inirida, Guainia, that the unemployment rate in Colombia dropped to 10.8% for January 2015, “in an environment of increased labor force participation by Colombian households with an increase in...

Posted On March 4, 2015

, By Loren Moss

Bloomberg Philanthropies Selects Bogotá to Participate in The Global Road Safety Initiative

Bloomberg Philanthropies has announced the winning cities and countries selected to participate in a new phase of the foundation’s Global Road Safety Initiative, which aims to reduce fatalities and injuries from road traffic crashes. With a new commitment of $12...

Posted On March 4, 2015

, By Loren Moss