Finance

Making a Mint in Medellin

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Shares of the top bank in the world’s hottest emerging market should keep marching higher. It’s not really a surprise that emerging market stocks are kicking sand in the face of the developed world’s equities. With China and India doing... (Continue reading)

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Is Colombia a new emerging leader?

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The May 6 “flash crash” panicked a lot of U.S. investors, but it might have also marked the entry of a new country to the global-growth story: Colombia. The Global X InterBolsa FTSE Colombia20 exchange-traded fund ( GXG ) has... (Continue reading)

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From Medellin, Hopeful Signs For A Colombia Free-Trade Pact

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Colombia asserted itself on the international stage last week, with the 50th annual governors’ meeting of the Inter-American Development Bank in Medellin. Some 6,000 bankers and businesspeople came. All spruced up for the meeting, Medellin did its best to reclaim... (Continue reading)

Colombia to Delay 3 Trillion Pesos in 2009 Budget

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Colombia will “delay” 3 trillion pesos ($1.4 billion) in spending from the 2009 budget in a bid to bolster investor confidence amid a global economic crisis. The spending delay, representing 2.2 percent of the 140.5 trillion-peso budget, may be temporary,... (Continue reading)