Finance Colombia » Loren Moss

Security Alert: Current Demonstrations near the U.S. Embassy

The U.S. Embassy is tracking ongoing protests outside the U.S. Embassy (Bogotá, Colombia) along Avenidas Esperanza and El Dorado. Clashes with police and violent demonstrations have been reported.

Posted On June 15, 2020

, By Loren Moss

Finance Colombia Readers Invited On Virtual Tour of Ecopetrol’s Cartagena Refinery

Finance Colombia readers are invited to attend a virtual tour around the production site of Ecopetrol’s Cartagena Refinery within the Online Business Congress and one-on-one Meetings during the “Colombia Oil and Gas 2020” congress July 22-24.

Posted On June 11, 2020

, By Loren Moss

ADDI co-founders Santiago Suarez, Daniel Vallejo, and Elmer Ortega (Photo: Globe Newswire)

Colombian Consumer Lender ADDI Raises $15 Million In VC Round

Bogotá firm ADDI has raised $15 million USD in venture capital to grow ADDI’s business in Colombia and to expand to new Latin American markets. Addi provides consumer point of sale financing for retail purchases as an alternative to credit cards.

Posted On June 10, 2020

, By Loren Moss

Avianca’s 25 Largest Shareholders Revealed

Beyond the expected, some interesting names appear on the list of those with the most to lose should Avianca end up liquidated. The City of New York Group Trust?

Posted On June 9, 2020

, By Loren Moss

Spirit Air To Fly Several Humanitarian Flights From Colombia to US June 13-30

The U.S. Embassy has announced that Spirit Airlines will operate 2 humanitarian flights from Colombia to US May 24-27

Posted On June 8, 2020

, By Loren Moss

Ecopetrol Barrancabermeja Oil Spill Santander 2

Cenit Activates Contingency Plans Due To Series of Pipeline Attacks This Week

Cenit, an Ecopetrol Group subsidiary company, has informed that it activated the contingency plan in the pipelines of Caño Limón-Coveñas and Bicentenario to address the emergencies caused by seven attacks that have taken place since last Saturday in Arauca, Boyaca and Norte de...

Posted On June 8, 2020

, By Loren Moss

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AM Best Revises Outlook To Negative On Colombia’s Insurance Industry

AM Best has revised its market segment outlook to negative from stable on Colombia’s insurance industry, owing mainly to the COVID-19 pandemic and the resulting economic damage, which will strain the segment considerably. A new Best’s Market Segment Report, titled, “Market...

Posted On June 8, 2020

, By Loren Moss

Report: Latin American Petroleum Profits Will Be Only 1/3 Of 2019

During 2020, Latin American oil and gas companies' profitability is expected to decline to one third of 2019 levels, while cash flow is expected to remain under pressure through 2021 as recovery will likely be protracted, according to a new Fitch Ratings report.

Posted On June 8, 2020

, By Loren Moss

Latin American Governments’ Weak Public Finances Leave Them Ill-Equipped To Battle Coronavirus Recession: Fitch

According to Fitch Ratings, Latin America sovereigns' weak public finances make them particularly vulnerable to the coronavirus crisis by limiting both their counter-cyclical policy flexibility and their ability to support post-crisis economic recoveries. The pronounced negative...

Posted On June 8, 2020

, By Loren Moss

Avianca Claims NYSE Delisting Won’t Directly Affect Colombian Stock Market Investors

Avianca says are unaware of any implication or effect that the NYSE’s decision could have on a Colombian investor, since all the mechanisms for negotiation in respect the Company’s preferred shares in the Colombia Securities Exchange, or BVC (Bolsa de Valores de Colombia) remain...

Posted On June 3, 2020

, By Loren Moss