Ecopetrol will advance with fracking despite not convincing Wall Street

Mar 07, 2019 Investment
Ecopetrol avanzará con el fracking a pesar de no convencer en Wall Street
Investors in New York are still not convinced to support the Colombian state oil company, which went ahead with its ambitious mining plans

Colombian avocados: the real stars of the Super Bowl

Jan 31, 2019 Trade
Colombian avocados: the real stars of the Super Bowl
It is expected that 100 tons of Colombian avocados will be consumed in the most important sporting event in the United States

Colombia: Duque's new taxes could trigger inflation

Nov 01, 2018 Macroeconomics
Colombia: Duque's new taxes could trigger inflation
The proposal of a series of taxes on food products of the basic basket could harm Colombia's strict control over inflation

Colombian Economic Outlooks for 2019 Remains Rosy, Despite Mounting Pressures

Oct 18, 2018 Macroeconomics
Colombian Economic Outlooks for 2019 Remains Rosy, Despite Mounting Pressures
Let's take a quick look at the overall economic situation in Colombia

Why Nubank and Rappi are unicorns in the Latin American market?

Sep 25, 2018 Investment
Why Nubank and Rappi are unicorns in the Latin American market?
Nubank and Rappi are "unicorns" in the startup market and present themselves as a great alternative for investors in Latin America

Colombia: The largest contributor to the world music market

Sep 21, 2018 Perspectives
Colombia: The largest music exporter in Latin America
According to several reports, only in the capital of the coffee country have been registered 1,765 companies in the music sector that have generated sales of…

The Venezuelan crisis affects Colombia’s economic growth

Aug 09, 2018 Macroeconomics
The Venezuelan crisis affects Colombia’s economic growth
If Nicolás Maduro perpetrates his presidential period, the economic growth in Colombia would slow down in 2019. Moody's warns that the crisis can transcend…

Colombia will be one of the most important air connections centers in 2025

Jul 11, 2018 Business
Colombia will be one of the most important air connections centers in 2025
52% of the investments in airport infrastructure made in the Andean region are concentrated in the coffee country

For how long will Latin America depend on oil?

Jun 19, 2018 Macroeconomics
For how long will Latin America depend on oil?
The reserves of Colombia could end in less than 5 years, while those of Ecuador would end in less than two decades

Brazil's top prosecutor has asked the Supreme Court to open 83 new investigations into politicians as part of a long-running corruption probe involving state oil giant Petrobras.

The names were mentioned in plea bargain testimony of former executives of construction firm Odebrecht, but have not been made public.

It is unclear if they include ministers in President Michel Temer's government.

The Operation Car Wash investigates overpriced contracts at Petrobras.

Supreme Court Judge Edson Fachin, in charge of the case, is due to decide whether he will accept the requests to open the investigations.

Prosecutor General Rodrigo Janot also asked for the names to be made public, and that the Supreme Court send 211 other requests to lower courts.

Under Brazilian law, cabinet ministers, senators and lower house lawmakers can only be tried in the Supreme Court, where cases can take years to come to trial.

The new investigations are an escalation of the three-year-old Operation Car Wash.

The former Odebrecht employees, including its ex-chief executive Marcelo Odebrecht, signed deals with Brazilian investigators, agreeing to confess to crimes and to identify corrupt officials in exchange for shorter prison sentences.

This new chapter in the case will be a test for Mr Temer, who leads a centre-right government after leftist President Dilma Rousseff was impeached last year.

He took power promising to tackle corruption and restore fiscal discipline as Brazil faces its worst recession on record.

But he has lost several ministers following corruption allegations, and the investigations may hamper his efforts to revive the economy and restore confidence, correspondents say.

There is the suspicion that part of the money from the overcharged contracts with Petrobras was used for bribes and to pay for campaigning.

Brazil's electoral court is looking into donations to the Rousseff-Temer campaign in the 2014 election. If fraud is found, their campaign could be annulled, which means that Mr Temer would be removed from office. They both deny wrongdoing.

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