Finance

Grenergy closes USD 457.5 million financing for solar and BESS projects in Chile
Grenergy closed a USD 457.5 million senior non-recourse financing, under New York law, for photovoltaic and BESS storage infrastructure in Chile. The deal, arranged and subscribed by BNP Paribas with BBVA, J.P. Morgan Chase Bank, MUFG Bank, Banco Santander and Scotiabank, refinances the Palmas cluster of 21 PMGD projects and funds the fifth phase of Oasis de Atacama. According to the company, it is its largest debt transaction and brings its non-recourse financing raised in Chile above USD 2.4 billion. It closed on October 10.
FinanceInternationalLexLatinOct 28AI
ETB refinances USD 285.83 million debt with four banks to extend maturities
Empresa de Telecomunicaciones de Bogotá (ETB) refinanced its financial debt with Davibank, Itaú Colombia, Bancolombia and Banco Santander Colombia for 900,000 million pesos (about USD 285.83 million). The operation does not increase ETB's debt level: it extends the average life of the debt from three to five years and adds a two-year grace period on principal payments. According to the advisors, it will free up about COP 723,000 million (around USD 229.53 million) for investment and its transformation plan.
FinanceColombiaLexLatinOct 28AI
YPF signs USD 400 million loan with Itaú Unibanco to finance YPF Luz purchase
YPF, Argentina's main energy and hydrocarbons company, signed a USD 400 million corporate term financing agreement with Itaú Unibanco (Nassau branch) to finance part of its acquisition of 24.99% of the capital of YPF Energía Eléctrica (YPF Luz). The agreement was signed on October 8 and closed on October 13, with Banco Itaú Chile acting as administrative agent. The sale was completed on October 14 for USD 430 million, as part of the expansion strategy ahead of YPF Luz's stock market listing.
FinanceInternationalLexLatinOct 28AI
Colsubsidio awards 33 sustainable projects at the eighth edition of Xpossible
Colsubsidio recognized 33 business projects at the eighth edition of Xpossible, an initiative highlighting environmental and social practices in Colombia. It received 337 applications from 24 departments, focused on climate change, biodiversity and inequality. Among the winners are Cenit, for a conservation initiative in Tumaco benefiting 2,000 families and impacting 1,300 hectares of native forest; fintech Monet, for its People on the Move program with more than 50,000 loans and $4 billion pesos disbursed; and Fundación Alpina, for a rural extension system that has reached more than 18,000 families.
FinanceColombiaLa FMOct 28AI
Betina Jozami: from Olympic tennis player to digital finance and blockchain advisory
Former Argentine tennis player Betina Jozami, who competed at the 2008 Beijing Olympics, explained in an interview how she moved from professional sports to digital finance. She studied Business Administration and later earned a master's degree in Digital Finance, a field in which she now advises. She described blockchain as a way to record digital information in a distributed manner that cannot be erased, with uses in education and health, and warned about the risks of cryptocurrencies and offers promising high returns.
FinanceInternationalElonce.comOct 28AI
Crypto moved US$29.1 billion in Colombia between July 2025 and June 2026
According to Colombia Fintech's first report on crypto assets, stablecoins and blockchain, presented on October 28, Colombia recorded US$29.1 billion in crypto activity between July 2025 and June 2026, growing 13.8% versus 9.8% for the region, based on Chainalysis data. Stablecoins account for about 48% of purchases on local exchanges. The association proposes repealing Superintendencia Financiera circulars and creating a comprehensive framework with coordinated supervision and a public registry of providers.
FinanceColombiaEl TiempoOct 28AI
Petrobras lifts output to a record and runs refineries at 99% capacity
Petrobras raised its oil and gas output by 12% year on year in the third quarter to 3.51 million barrels of oil equivalent per day and ran its refineries at 99% capacity, with record diesel production. Output rose 5.3% from the second quarter on new deepwater platforms, including units P-78 and P-79 at Búzios. With Brent above US$110 a barrel, pressure is growing to adjust fuel prices.
FinanceInternationalBloomberg LíneaOct 28AI
US FTC investigates nine companies over use of personal data to set prices and pay
The US Federal Trade Commission ordered Delta, United, JetBlue, Uber, Lyft, DoorDash, Instacart, Target and Walmart to hand over information on their use of personal data to determine prices and pay. The orders were issued under Section 6(b) of the FTC Act and the companies have 45 days to respond. The agency wants to know whether the price of a ticket, a ride, a delivery or an item varies based on browsing history, location or loyalty programs, and whether gig workers' pay depends on their data.
FinanceInternationalCiberCubaOct 28AI
Fed holds rates and its hawkish tone weighs on Bitcoin, analysts say
The U.S. Federal Reserve kept its benchmark rate unchanged in a 3.75%-4% range on a 10-2 vote while flagging persistent inflation concerns. According to analysts cited by Cointelegraph, markets had priced in the pause but not the restrictive tone. With elevated rates, Bitcoin must compete with a risk-free rate near 4%. Traders assigned a 78.4% probability to a quarter-point hike in December, according to CME FedWatch.
FinanceInternationalTradingViewOct 28AI
Cali seeks to revive its economy with 126 events a year and a projected benefit of COP 875 billion
Cali's Mayor's Office announced the city's Economic and Mood Reactivation Plan, aimed at attracting large shows and strengthening business activity through a permanent events schedule. The project, coordinated by Billboard Colombia, envisions 126 events a year, an estimated economic benefit of COP 875 billion and attendance of at least 530,000 people. The schedule includes six stadium events, 20 in arenas and 100 in theaters and outdoor venues. Corfecali will act as liaison between promoters and the local government.
FinanceColombiaEl País (Cali)Oct 28AI
Camacol says it has 1,400 housing projects worth $98 billion ready in Colombia
Builders grouped in Camacol said the sector has 1,400 housing projects ready across Colombia, with an investment of $98 billion for 257,000 homes and the possibility of generating hundreds of direct and indirect jobs. The text notes that construction has a multiplier effect on 36 subsectors and that, to launch the projects, better financing for families, new land, urban renewal and simpler procedures are needed, with coordination between the national government and the territories.
FinanceColombiaEl País (Cali)Oct 28AI
Fed holds rates at 3.75%-4% six days before legislative elections
The U.S. Federal Reserve kept its benchmark interest rates unchanged in the 3.75%-4% range, days before the November 3 legislative elections. Two of the twelve monetary policy officials, Lisa Cook and Beth Hammack, called for a quarter-point increase. The FOMC argued it needs more data after September's hike and said economic activity is expanding at a "strong" pace.
FinanceInternationalCaracol RadioOct 28AI
Enka to invest more than US$15 million in its third bottle-to-bottle PET recycling plant
Enka approved investments of more than US$15 million, financed with its own resources, to build its third bottle-to-bottle PET recycling plant and produce EKO PET resin. The phased project will reach a capacity of 60,000 tons per year and will take about two years to start operating. Its president, Álvaro Hincapié Vélez, said the initiative aims to anticipate the targets of Colombia's Single-Use Plastics Law. Green businesses already generate about 73% of the company's revenue.
FinanceColombiaEl ColombianoOct 28AI
Ministry of Environment presents blue economy as the ABC Agenda's bet for territorial development
At the Second Colombian Bioeconomy Week in Barranquilla, the Ministry of Environment and Sustainable Development presented the blue economy as one of the strategic bets of the ABC Agenda (Water, Biodiversity and Communities). Minister Fabio Arjona said conserving can also mean producing. Mangroves store about 462 million tons of CO2 equivalent and Caribbean marine soils 52 million, according to estimates in five areas of the country.
FinanceColombiaDiario del SurOct 28AI
Wall Street rises on tech strength after Fed keeps rates unchanged
The Federal Reserve kept the federal funds rate in the 3.75%-4% range in a ten-to-two vote; Lisa Cook and Beth Hammack favored a quarter-point hike. The statement pointed to the need for a "timely return" to the 2% inflation target. Wall Street rose on tech strength, with SK Hynix surging after record results and a plan to return 100 trillion won to shareholders in 2026. Oracle advanced after projecting annual revenue of at least $225 billion for 2030.
FinanceInternationalAmbitoOct 28AI
Home sales fall 9.8% in August, their eighth consecutive monthly decline
According to notary data, 34,599 home sales were recorded in August, 9.8% fewer year on year, the eighth consecutive decline. Mortgages signed totaled 19,875, down 5.6%, their second straight drop. Flats fell 11.1% and single-family homes 6.3%. By contrast, the price of homes sold rose 12.8% to 1,959 euros/m2, and the average mortgage amount increased 1.3% to 164,978 euros.
FinanceInternationalIdealistaOct 28AI
Confemetal warns about costs and the metal industry's trade deficit
Confemetal's October 2026 economic report says the metal industry faces the end of the year with uncertainty driven by geopolitical tensions, energy volatility and rising costs. Metal industrial production grew 1.7% year-on-year in August and turnover rose 2.7% in July, though it is down 1.2% so far this year. The sector's trade deficit reached 23,349 million euros through July, 28.7% more year-on-year.
FinanceInternationalInterempresas MediaOct 28AI
Dollar and interest rates remain in focus for Colombian markets
Currency movements and monetary policy decisions remain important factors for Colombia's economy. On October 28, 2026, the market representative rate for the dollar stood at $3,148.02, a negative variation of $9.92, according to the economic outlet La República. Markets continue to watch decisions by major central banks and their potential effects on trade, investment and financing costs.
FinanceColombiaDiario del SurOct 28AI
SAIC Motor plans a plant in Ferrol with more than 1,000 jobs, raising doubts in Spain
China's SAIC Motor chose in June a port outside Ferrol to build a plant that, according to the project, would create more than 1,000 jobs. The initiative raises expectations in a city hit by industrial decline, but also fears over technological dependence, competition for local firms and possible national security risks. The government of Pedro Sánchez is expected to approve the deal before the November 29 elections.
FinanceInternationalAmbitoOct 28AI
World Bank raises copper forecast 18% to US$13,000 per tonne for 2027
The World Bank raised its 2027 copper price estimate by 18% to US$13,000 per tonne, about US$5.90 per pound, according to its October outlook report. The institution attributes the upward pressure to demand from power grids and data centers, while new mines struggle to expand supply. The projection is 1.5% below the US$13,200 average estimated for 2026. It also raised forecasts for tin and zinc and cut those for gold and silver.
FinanceInternationalReporte MineroOct 28AI