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Last week, Pacific Exploration & Production Corp. (TSX: PRE) (BVC: PREC), formerly known as Pacific Rubiales, announced that it has obtained an extension of the waivers previously granted by its lenders in respect of the Net Worth Covenant that requires the company to...

Parque Arauco S.A. (SSE: PARAUCO) (Bloomberg: PARAUCO:CI) announced that last month it completed the acquisition of the remaining 45% equity interest in Inversiones Inmobiliarias Arauco Alameda S.A.S (“IARA”), paying Grupo Bancolombia (“Bancolombia”) COP 222,489 million. Parque...

Fitch Ratings’ sector outlook for Andean banks in 2016 reflects diverging trends in the Colombian and Peruvian operating environments on the one hand, and those of Ecuador and Venezuela on the other. ‘While all markets have been sensitive to the decline in commodity...

ACE Limited announced the leadership team it intends to appoint for the Latin America region of the new Chubb Group’s Overseas General Insurance division, which includes Argentina, Brasil, Chile, Colombia, Ecuador, México, Panamá, Peru, Puerto Rico, Central America and the...

The availability of wireless networks will be key for future development of Machine to Machine (M2M) connections in Latin America – and everywhere else. According to research done on behalf of 4G Americas by Machina Research, in 2014 there were 14.6 million M2M IoT (Internet of...

During the third quarter of 2015, Colombia’s Avianca Holdings S.A. (NYSE: AVH, BVC: PFAVH) announced operating revenues amounting to US$1.12 billion and a net income of US$102.1 million, an increase of US$ 68.9 million over 3Q 2014. As such, net margin was 9.1%, 6.4% above the...

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)...

The Country Club of Bogota was the host for the Second Endeavor Colombia Gala on the 28th of October, bringing together 200 business leaders dedicated to promoting social development by leveraging the the high impact of entrepreneurship. In addition to the business leaders...

Satellite operator SES (NYSE Paris:SESG) (LuxX:SESG), announced today the kickoff of annual training for the Andean Community as part of the company’s stated goal of providing worldwide training to broadcast communities in regions of the world where SES operates. SES-10 is a new...

According to ANATO, the Colombian Association of Travel Agencies and Tourism, the US continues to be the top international travel destination for Colombians, a position it has held for almost a decade. The most popular travel packages are trips to Orlando and New York Cit...