Colombian Peso Trades at Six-Month Low on Oil Revenue Concern

Colombia’s currency traded at a six-month low on concern falling oil prices will reduce funds entering the South American country and as policy makers decide this week whether to extend dollar purchases.

Colombian Peso Posts Biggest Drop in Emerging Markets This Week

Colombia’s peso plunged the most among major emerging-market currencies this week on speculation inflows into the Andean country will slow.

Argentina Default Would Deepen Recession, Centennial Says

A failure by Argentina to avoid a second default in 13 years will deepen the recession, fuel inflation and prompt a selloff in the peso, according to Claudio Loser, a former International Monetary Fund director.

Brazil Central Banker Says Economy In Recovery

Brazil’s weak economy will be flexing its muscles heading into the second half and likely grow at 4 percent in annualized terms, Brazil’s Central Bank president Alexandre Tombini told reporters in a conference call on Monday.

Repsol: Exploratory oil well off Cuba comes up dry

HAVANA (AP) — An exploratory oil well off the northern coast of Cuba has proved a failure and will be capped and abandoned, Spanish company Repsol said Friday, a disappointment for a cash-strapped nation hoping for an economic lifeline.

Why Colombia ETFs May Continue to Rise

Colombia, a country once known for its political instability, guerilla wars, high crime rate and drug trafficking has now turned into an investor hotspot in Latin America.