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This oil crisis is quite different from the previous ones because instead of raising the price of a barrel of oil, it lowers it to levels well below the world standard cost of production due to the global economic slowdown caused by the pandemic.

Ecopetrol To Reduce 2020 Investment By $1.2 Billion USD Due To Pandemic, Economic Conditions

Smart enterprises have already deployed telework and work-from-home strategies. With the coronavirus pandemic and travel bans, now is the time for less proactive companies to catch up...and fast! Some of the most knowledgeable experts in business share their insights.

Colombia's currency and bellwether stocks Avianca & Ecopetrol all took a plunge this week s double whammies of coronavirus panic and petroleum trade wars between Saudi Arabia & Russia impact the global economy. How will things play out?

Colombia's Central Bank, Finance Ministry, and Financial Regulator met today to discuss the rapidly deteriorating global financial situation fueled by coronavirus, outbreak of petroleum price war, and a falling currency value.

Qatar Airways Told Reuters it wants to up its stake in Chile-based LATAM to 20%, equaling Delta's

Already entangled in multiple scandals involving illegal wiretapping of its pilots' union and improper favors to government officials, Colombian air carrier Avianca has now found itself involved in the massive multi-billion dollar global bribery scheme by Airbus uncovered by...

The Cali, Colombia operations, brands and machinery of Pacific Fruits, one of the leading companies for packing and commercialization of agricultural products, especially the Hass variety of avocado has been acquired by Israeli investment vehicle Managro.

During 2019, Invest in Bogota (IIB), the city of Bogotá's investment promotion agency, supported 48 greenfield Foreign Direct Investment projects, its highest number for a calendar year since its institution in 2006.

The Kingdom of Saudi Arabia has granted phytosanitary certification for exports from four Colombian beef processors, allowing Colombian ranchers to tap into Saudi Arabia’s $400 million USD beef market. Red Cárnica S.A.S. from Córdoba (belonging to Athena Foods, of Minerva...