Colombia

Colombia Plane Crash Kills Brazilian Soccer Team, Death Toll Rises To 75

Colombia Plane Crash Kills Brazilian Football Team, Death Toll Rises To 75

Fatalities in the Colombia plane crash on Monday has risen to 75. The British charter plane was en route to Medellin when it crashed in La Union.

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Colombia Inks Historical Peace Deal

Colombia Inks Historical Peace Deal

For the sake of historical value and concern, the government of Colombia is signing the Historical Peace Deal.

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US President Barack Obama, with President of Colombia Juan Manuel Santos, hosts a reception for Plan Colombia

Colombia will receive $450 million fund from the United States

President Barack Obama said he would ask Congress for about $450 million in funding to help Colombia to reach an economic stability and peace in the country. Besides that the 'Plan Colombia' policy will also be changed to 'Peace Colombia' policy from now on.

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VENEZUELA-COLOMBIA-BORDER-SMUGGLING-SECURITY

Gasoline smuggling dents export revenues for Venezuela

South American nation Venezuela is suffering from gasoline smuggling to neighboring nations. Gasoline is heavily subsidized in Venezuela. The cheaper gasoline smuggling has become a major revenue source in the crisis-hit Venezuelan economy. Venezuela's President has deployed soldiers in large number to keep constant vigil on its borders. Venezuela is losing foreign exchange revenue in US dollars because of smuggling of gasoline.

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 Brazil Faces New Health Epidemic As Mosquito-Borne Zika Virus Spreads Rapidly

WHO Warns Zika Virus To Spread Across The US, Scientists Require A Decade Making Vaccine Available For Public

Aedes mosquitoes are the bearer of Zika virus which is available across the US. WHO warns the US for a probable Zika virus induced epidemic. Brazil has appeared as the most Zika affected country. The US and other governments have issued a travel alert for the pregnant women forbidding to visit the Zika prone region. The travel alert has offbeat the organizers of the Rio de Janeiro olympic scheduled to be held in August.

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Colombian flag

Colombian central bank hints at rate hike

The Colombian Central Bank is heading towards a hike in interest rate. The Colombian government is keen on checking inflation rise and control the current account deficit.

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Tomas Gonzalez

Colombia oil production slips below target

The oil production in Colombia is poised to drop below the target of one million barrels per day in 2016 following the slowing down of drilling activity and ageing of major oil fields.

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Colombia Flag

Colombia to delay $2.44 billion in spending due to oil price fall

Colombia will delay spending 6 trillion pesos ($2.44 billion), some 3 percent of its national budget, due to a sharp fall in oil revenue, the government said on Saturday.

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Mark Zuckerberg

Facebook's Zuckerberg brings free Internet to Colombia, mute on China

Facebook Inc Chief Executive Mark Zuckerberg launched a free Internet application in Colombia on Wednesday as part of a drive to bring developing markets online, but remained mute on when and if the company would look to move into China.

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Grupo Energia de Bogota

Colombia's Grupo Energy picks up $650M stake in Peru gas pipeline

Colombia-based firm Grupo Energia de Bogota inked a deal valued at $650 million to acquire a 23.61% stake in Peru-based gas pipeline operator Transportadora de Gas del Peru.

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German Efromovich

Owner of Colombia's Avianca eyes takeover of Italian airline Alitalia, Polish flag carrier LOT

German Efromovich, the owner of Colombian flag carrier Avianca, is reportedly looking to acquire Italian airline Alitalia or Polish flag carrier LOT Polish Airlines. Efromovich seeks to boost his presence in Europe.

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Valerus Field Solutions

Kentz expands to US through USD435 million takeover of Valerus

Ireland-based construction and engineering company Kentz has taken over US-based Valerus Field Solutions for USD435 million (EUR316 million) in a deal that will also expose Kentz to Latin American markets.

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Petroleos del Peru SA

Petroperu reviving share sale plans

State-owned oil company Petroleos del Peru SA (Petroperu) is reviving plans to sell as much as 49% of its shares,according to Energy and Mines Minister Jorge Merino.

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Ivan Glaseberg

Billionaire Glasenberg, Glencore to invest more in thermal coal as rivals stall

Glencore Xtrata PLC, led by its chief executive officer Ivan Glasenberg, will be committing more capital in thermal coal than rivals BHP Billiton Ltd., Rio Tinto Group and Anglo American PLC.

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Petrominerales Ltd

Canadian firm Pacific Rubiales completes Petrominerales acquisition

Canadian gas and oil producer Pacific Rubiales Energy Corp (PREC) announced that it has closed the acquisition of light oil and pipeline firm Petrominerales Ltd.

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