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Following a series of concerns expressed by Colombia and other countries in the Amazon basin, the Board of Directors of the Internet Corporation for the Assignment of Names and Numbers (ICANN) took the decision to set the final steps for the Amazon States and the American company...

Fitch Ratings has affirmed Banco Itaú Corpbanca Colombia S.A.’s (Itaú Colombia) Long-Term Local and Foreign Currency Issuer Default Ratings (IDRs) at ‘BBB-‘. Itaú Colombia established operations in Colombia in 2012 as part of the regional expansion strategy of...

Giving state and city governments in Latin America more autonomy to manage their own sources of tax revenue could promote greater local development and efficiency, according to a new study by the Inter-American Development Bank (IDB). The study, Decentralizing Revenue in Latin...

Unisys corporation (NYSE: UIS) has promoted Brasil human resources director Laura Lafayette to head human resources operations for all of Latin America, covering 10 countries and 3,800 employees serving roughly 300 customers. Since 2014 Lafayette headed human capital management...

Given the challenging petroleum price environment observed since the beginning of 2016, Ecopetrol S.A. (BVC:ECOPETROL; NYSE:EC; TSX:ECP) has announced that it will seek to save an additional $1.6 trillion COP ($478.736 million USD) through 2016. This comes after the company...

New York – Citi (NYSE:C) today announced its intention to exit from consumer banking operations in Brasil, Argentina and Colombia. The businesses, which include retail banking and credit card operations, will initially be transferred from Citicorp into Citi Holdings and will...

Ecopetrol’s  (BVC:ECOPETROL NYSE:EC TSX:ECP) board of directors has decided to delist the Ecopetrol ADRs (Depositary Receipts) from the Toronto Stock Exchange, pursuant to section 720 of the TSX Companies’ Manual. The decision was based, according to a statement put out this...

Five year old Brazilian reinsurance company Austral Resseguradora has received authorization to operate in Colombia and Ecuador, the Rio de Janeiro firm has announced. The firm is a subsidiary of Austral Participações S.A. Aside from operations in Brasil, Colombia and Ecuador,...

Pacific Exploration & Production Corp. (TSX: PRE) (BVC: PREC) announced today that the company and its lenders have agreed to extend the Liquidity Deadline to February 4, 2016, “or such later date as the company and its lenders shall agree.” This comes after the oil company...

Michael R. Bloomberg today launched Bloomberg Philanthropies’ 2016 Mayors Challenge, a competition to inspire Latin American and Caribbean cities to develop bold new ideas that solve major problems and improve city life – and that ultimately can be shared with other cities. The...