Nelson Bocanegra

1 week ago | reuters.com | Nelson Bocanegra

The logo of Ecopetrol is displayed in an Ecopetrol oil field in Barrancabermeja, Colombia October 11, 2024. REUTERS/Nelson Bocanegra/File Photo BOGOTA, May 6 (Reuters) - Colombia's majority state-owned oil producer Ecopetrol (ECO.CN), opens new tab reported on Tuesday a 22% net profit slump in the first quarter, pointing to geopolitical tensions weighing down global oil prices.

2 weeks ago | wmbdradio.com | Rodrigo Campos |Nelson Bocanegra

By Rodrigo Campos, Nelson BocanegraNEW YORK/BOGOTA (Reuters) -The International Monetary Fund said on Saturday it had set conditions for Colombia’s access to its $8.1-billion Flexible Credit Line, a precautionary tool for crisis prevention and mitigation, effectively cutting access for the country from that cash. Colombia had access to a similar tool since 2009, but only made use of it once in 2020 when the pandemic wreaked havoc on the global economy.

2 weeks ago | kfgo.com | Rodrigo Campos |Nelson Bocanegra

By Rodrigo Campos, Nelson BocanegraNEW YORK/BOGOTA (Reuters) -The International Monetary Fund said on Saturday it had set conditions for Colombia’s access to its $8.1-billion Flexible Credit Line, a precautionary tool for crisis prevention and mitigation, effectively cutting access for the country from that cash. Colombia had access to a similar tool since 2009, but only made use of it once in 2020 when the pandemic wreaked havoc on the global economy.

2 weeks ago | money.usnews.com | Rodrigo Campos |Nelson Bocanegra

By Rodrigo Campos, Nelson BocanegraNEW YORK/BOGOTA (Reuters) -The International Monetary Fund said on Saturday it had set conditions for Colombia's access to its $8.1-billion Flexible Credit Line, a precautionary tool for crisis prevention and mitigation, effectively cutting access for the country from that cash. Colombia had access to a similar tool since 2009, but only made use of it once in 2020 when the pandemic wreaked havoc on the global economy.

2 weeks ago | kfgo.com | Nelson Bocanegra

By Nelson Bocanegra(Reuters) – Colombia’s central bank should leave its benchmark interest rate unchanged in its meeting next week, a Reuters poll predicted on Friday, as inflation is expected to remain above target amid global trade uncertainty and weak public finances. Sixteen of 24 analysts polled by Reuters predicted the monetary authority would hold the rate at 9.5%, while six analysts forecast a 25-basis-point cut to 9.25% and two estimated a 50-basis-point cut to 9.0%.