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Colombia’s Sovereign Credit Rating Downgraded To BBB- By Fitch
Fitch Ratings has downgraded Colombia's Long-Term Foreign Currency Issuer Default Rating (IDR) to 'BBB-' from 'BBB'. The Rating Outlook remains Negative.
Posted On April 6, 2020
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//peso
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Colombian Peso Hits Strongest Value Against Dollar Since November 2015 as Greenback Tumbles
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.
Posted On January 24, 2018
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With Oil Prices Rising, Colombian Peso Strengthens to Three-Month High
With oil prices jumping on supply disruptions in Iran and Europe, the Colombian currency reached 2,902 pesos to the dollar.
Posted On January 4, 2018
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Q&A: Why Colombia Is Becoming More Important In LG’s Premium Global Consumer Strategy
"We have products for the whole Colombian market — so we’re thinking about quite ambitious growth," said Jhon Fredy Giraldo of LG.
Posted On April 4, 2017
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Colombian Peso Soars on News of Global Oil Production Cuts
The OPEC and non-OPEC agreement has brought the Colombian peso back under 3,000 to the dollar for the first extended stretch since October.
Posted On December 13, 2016
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The Economic Fallout of Colombia Rejecting Peace
The biggest risk for the economy is that Santos has now lost too much political capital to get tax reform passed this year.
Posted On October 3, 2016
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Colombia’s Central Bank Raises Interest Rate 25 Basis Points In Gambit Against Inflation
Colombia’s central bank moved to tighten Colombia’s money supply yesterday, by raising the benchmark interest rate a quarter of a percentage point to 6.25%. Colombia is facing inflationary pressures due to the precipitous fall of its Colombian peso against the US dollar, falling...
Posted On February 20, 2016
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Exclusive: PayPal Reveals Its New Colombia Strategy & Embrace Of Small Exporters
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...
Posted On December 30, 2015
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Baker & McKenzie: Colombia & Brasil Now Prime M&A Target Markets
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)...
Posted On November 9, 2015
Colombian Auto Sales At Record Pace
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...
Posted On January 26, 2015
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