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Fitch Ratings has assigned a long-term 'BBB' rating to Empresas Publicas de Medellin E.S.P.'s (EPM) proposed senior unsecured U.S. dollar debt issuance that matures in 2031. Fitch has also assigned a long-term 'BBB' rating to the company's proposed reopening of its 8.375% senior...

Fitch Ratings has downgraded Colombia's Long-Term Foreign Currency Issuer Default Rating (IDR) to 'BBB-' from 'BBB'. The Rating Outlook remains Negative.

The U.S. dollar currency index fell by almost 1% Wednesday afternoon to a 52-week low following market-moving comments by the U.S. treasury secretary.

With oil prices jumping on supply disruptions in Iran and Europe, the Colombian currency reached 2,902 pesos to the dollar.

Yesterday, President Juan Manuel Santos, along with Finance Minister Mauricio Cardenas and Labor Minister Luis Eduardo Garzón, signed into law Decreto (Decree) 2552 of 2015, setting the Colombian monthly minimum wage at $689,455 pesos. This power was given to the executive branch...

2015 was an eventful year for PayPal in Colombia. Just a month after announcing it was re-evaluating its operations in Colombia, and ceasing domestic payments between users, it turned around and announced an exclusive agreement with Colombian bank Davivienda geared towards...

Global law firm Baker & McKenzie has launched the Cross Border M&A Index, a study in conjunction with Merger Market, which forecasts a 10% growth in cross border M&A transactions driven primarily by the US, EU, and Asian markets. Still, of the $375 billion (USD)...

According to a report jointly produced by the gremios (trade groups) ANDI (National Businessmen’s Association of Colombia), FENALCO (National Federation of Merchants), and the Colombian Automotive Committee, in December 2014 new automobile sales in Colombia surpassed 40,000 units...