Here’s a quick summary from Colombia’s InterBolsa on the day’s (financial) news in Colombia
The Colombian Matinal
- Venezuela, Gold, construction
News of the day
Venezuela: After the complaint to the OAS, the president of Venezuela broke
diplomatic relations with Colombia, third time in recent history. Definitely
trade will be the most affected sector, but as this kind of issues has been
the constant for a decade Colombian companies have diversified its export
markets reducing their exposition to Venezuela. During the first five months
of 2010 exports to Venezuela decreased 71.4% YoY, imports 49.3% YoY, and the
trade balance -73.8% YoY.
Coffee: The National Coffee Growers Federation president forecasted that the
country will produce 14 million (50 kilos) sacs in 2015 from the current
production estimate of 10 million sacs in 2010. Renovation of 500,000
hectares will be the key to increase production.
Construction: The national bureau of statistics (DANE) informed that in May
construction licenses grew 2.1% MoM (housing +3.4%, other +1.6%), 40.3% YoY
and 19.6% YtD. In the monthly comparison licenses for offices increased
494%, commercial space 63.8%, and warehouses 44.9%.
Gold: Marc Cutifani, CEO of AngloGold Ashanti, affirmed that La Colosa could
be the gold discovery of the decade confirming the huge potential of
Colombia. La Colosa is in the exploration phase and could be in operations
in 2017. Key figures of AGA in Colombia: exploration 11 million hectares
since 2003, investment US$200 million (2003 – 2010), budget US$300 mm
(2009 – 2011), 34% of the global budget was invested in Colombia.
Business confidence: The business optimism continues to rise, balance of
2Q2010 this year is positive, the survey shows that today 60.4% percent of a
total of 1,128 employers surveyed by Datexco in 12 major cities ensure that
their views on the situation in the country is improving, while only 12%
believe things will get worse in coming months.
EEB (Empresa de Energía de Bogotá): The board of Directors proposed an
approx. US$110 million reduction of the common capital. This decision
requires the approval of the shareholders.
Subscribe to:
Post Comments (Atom)
ShareThis
MasterSearch
Categories
MasterFeeds
News
Finance
china
USA
money
stocks
debt
Commodities
Gold
United States
Venezuela
Dollars
bonds
Banks
trading
Markets
economics
FED
Hedge funds
Israel
Oil
Asia
LatAm
default
credit
metals
Mining
international relations
russia
central_banks
CapitalMarkets
HFT
democracy
zerohedge
Euro
Japan
Silver
elections
India
Iran
Middle East
SEC
bailout
Africa
Europe
Liberalism
Trade
UN
bitcoin
insider trading
Agriculture
FX
Tech
VC
copper
corruption
real estate
Brazil
CoronaVirus
ForEx
Gold Silver
Hamas
NYSE
Trump
WeWork
chavez
food
goldman
Abu Dhabi
Arabs
EU
Facebook
France
IPO
Maduro
NASDAQ
Palestinians
SWF
TARP
Turkey
canada
government
ponzi
recession
revolution
war
Anti-Israel
Cannabis
Capitalism
Citigroup
Democrats
EIA
Hezbollah
Jobs
Lebanon
NYC
PDVSA
Saudi Arabia
Softbank
Stats
Syria
Ukraine
demographics
socialism
13F
AIG
Advertising
Berkshire Hathaway
CBO
Cargill
Colombia
Cryptocurrency
ETF
Ecuador
Emerging Markets
Eton Park
Google
Housing
IMF
JPM
LME
Mindich
Mongolia
OPEC
PIIGS
Pakistan
Palantir
Paulson
Pensions
Peru
Politics
Potash
QE
Scams
Singapore
Spain
UK
Yuan
blockchain
companies
crash
cybersecurity
data
freedom
humor
islam
kleptocracy
nuclear
propaganda
social networks
startups
terrorism
Airlines
Andorra
Angola
Apple
Automobiles
BAC
BHP
Blackstone
COMEX
Caracas
Coal
Communism
Crypto
DRC
DSK
Double-Dip
EOS
Egypt
FT
Fannie Mae
Form
Foxconn
Freddie
GM
Gbagbo
History
ICO
Iraq
Italy
Ivanhoe
Ivory Coast
Juan Guaido
Lava Jato
Libya
London
M+A
MasterEnergy
Mc Donald's
Miami
Mugabe
Norway
Norwegian
Odebrecht
Oyo
PA
PPT
Panama
QE2
Republicans
Rio
Ron Paul
ShengNu
Soleimani
South Africa
Tokens
Tunisia
UN Watch
UNESCO
UNHRC
Uber
VW
Wyclef
anti-semitism
apparel
bang dae-ho
cash
censorship
chile
clothing
coffee
cotton
derivatives
emplyment
foreclosures
frontrunning
haiti
infrastructure
labor
levi's
mortgages
philosophy
shipping
social media
treasury
women
No comments:
Post a Comment
___________________________________
Commented on The MasterFeeds