Colombia News
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Updated 39 minutes ago
America Movil SAB’s online-video service in Mexico needs an urgent review to determine whether it violates the terms of its phone license, three commissioners of the nation’s telecommunications agency said.
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Updated 2 hours, 6 minutes ago
Grupo Aval Acciones y Valores SA jumped to a record after posting a 33 percent quarterly profit increase on what Credicorp Capital called a “good performance” in consumer lending.
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Updated 2 hours, 20 minutes ago
The Ibovespa equity benchmark rose to a two-week high as Centrais Eletricas Brasileiras SA led gains by Brazilian electrical utilities amid speculation that recent losses may have been excessive.
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Colombian Finance Minister Mauricio Cardenas said there’s no need to change the country’s monetary stance, as consumer confidence rebounds and growth picks up.
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Most Brazilian stocks dropped as a report forecast to show that job growth stalled last month added to concern that the recovery in Latin America’s biggest economy is faltering.
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Updated 19 minutes ago
PT Adaro Energy, Indonesia’s second- biggest producer of power-station coal, said miners will have to adjust to prices of about $100 a metric ton, which is half a peak reached in 2008.
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Colombia’s central bank should continue its $30 million-a-day program of dollar purchases until the end of December, beyond its current May 31 end date, Finance Minister Mauricio Cardenas said.
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Emerging-market stocks face fundamental headwinds as 2013 earnings revisions for most major “country sectors” are negative and growth in the four biggest economies is disappointing, according to JPMorgan Chase & Co.
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Colombian President Juan Manuel Santos put together a team that could manage a re-election campaign next year, and said he’ll seek to ensure the continuation of his policies after his first presidential term ends in 2014.
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Cementos Argos SA fell the most in a week as traders discounted the Colombian cement maker’s common stock on the first day of trading for its new preferred shares, which pay a higher dividend.
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