Finance

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
Federal Reserve holds rates at 3.75%-4% despite inflation in the U.S.
The U.S. Federal Reserve decided on Wednesday, October 28, to keep its benchmark rates unchanged in a range of 3.75% to 4%, after raising them in September for the first time in three years. Two of the 12 monetary policy officials voted for a quarter-point increase. The FOMC argued it needs more data to define its stance. Its chair, Kevin Warsh, said inflation is "too high." The decision came six days before the midterm elections.
FinanceInternationalRevista SemanaOct 28AI
Dollar closed at COP 3,130 on October 26, below Friday's close
The dollar closed on Monday, October 26, at COP 3,130, about COP 15 below Friday's close (COP 3,145) and COP 25 below the start of the session. The TRM calculated by the Financial Superintendency is COP 3,158.43, COP 700.2 less than the same date last year and COP 148.43 less than a month ago. Prices ranged between COP 3,130 and COP 3,179, with an average of COP 3,157.
FinanceColombiaDiario del SurOct 28AI
World Bank forecasts 23% rise in commodity prices in 2026
The World Bank Group's Commodity Markets Outlook report projects commodity prices will rise 23% in 2026 and fall 7% in 2027. Energy would lead the increase at 32%, driven by the conflict in the Middle East, and Brent would average 91 dollars per barrel in 2026 versus 69 in 2025. Staple food prices would rise about 10% in 2026 and metals would reach a new high, with a 25% increase.
FinanceInternationalPrensa LatinaOct 28AI
Economy Ministry rolled over 107% of maturities and absorbed pesos from the market
The Finance Secretariat awarded $11.56 trillion in Wednesday's auction after receiving bids for $15.79 trillion, a rollover of 106.99% of the day's maturities. Demand concentrated in TAMAR bonds (43% of the amount awarded) and in the dollar-linked note (22%). Analysts at Adcap and IEB viewed the operation favorably given the rates obtained and the extension of maturities beyond 2027, which reached 30% of the amount placed.
FinanceInternationalInfobaeOct 28AI
Fed holds rates at 3.75%-4% ahead of US midterm elections
The US Federal Reserve kept its benchmark interest rates unchanged in a range of 3.75% to 4%, six days before the November 3 midterm elections. Two of the 12 monetary policy officials dissented and sought a quarter-point hike. The FOMC said it needs more data on the economy after September's rate increase. Chair Kevin Warsh said inflation is "too high" and that politics played no role in the decision.
FinanceInternationalSWI swissinfo.chOct 28AI
European countries open dialogue tables to contain cost of living
Economy ministers and social representatives from European countries are holding meetings to assess containment measures against the rising cost of living, including temporary caps on utility rates and direct subsidies for essential household basket products affected by inflation. The talks, which follow weeks of social protests and sector strikes, focus on the financial viability of the proposals and their effects on domestic consumption and economic stability.
FinanceInternationalDiario del SurOct 28AI
YPF reported operating earnings of USD 2.503 billion in the third quarter
YPF reported operating earnings before interest, taxes and depreciation (adjusted EBITDA) of USD 2.503 billion in the third quarter of 2026, up 84% year on year and its second-highest result on record. The oil company reported net income of close to USD 1.200 billion, investments of USD 1.287 billion and free cash flow of USD 900 million. Shale production averaged 224,000 barrels per day and the company plans to submit five projects to the RIGI in Vaca Muerta.
FinanceInternationalInfobaeOct 28AI
Dollar closed at 3,162 pesos, up 14.46 pesos from the TRM
The dollar closed the trading session in Colombia at 3,162 pesos, an increase of 14.46 pesos from the TRM of 3,148, according to Revista Semana. The currency opened at 3,145 and reached a high of 3,172, with an average trading price of 3,151 and US$1.051 billion traded in 1,463 transactions. The move was influenced by the Federal Reserve's decision to keep rates in the 3.75% to 4% range, a 1.26% rise in Brent oil to US$115.32 and expectations ahead of the Banco de la República meeting.
FinanceColombiaRevista SemanaOct 28AI
Cali bets on music and major events to revive its economy after the earthquake
Cali is seeking to revive its economy and cultural life with a plan centered on the music industry and live entertainment, with support from Billboard Colombia. The initiative, presented on October 28 in Bogotá with representatives of the National Government, the Mayor's Office and entertainment executives, envisions an annual schedule of 126 events and an economic impact of about 875,000 million pesos a year, with at least 530,000 attendees. Mayor Alejandro Eder linked the project to recovery after the August 10 earthquake.
FinanceColombiaBlu RadioOct 28AI
World Bank expects energy prices to rise 32% in 2026 due to the war in the Middle East
The World Bank raised its commodity price forecasts citing energy supply disruptions stemming from the war in the Middle East and the threat El Niño poses to crops. The report forecasts a 32% increase in energy prices in 2026, reversing three years of declines, and oil averaging US$91 per barrel, with a 5.2% drop in global supply. It also anticipates an accumulated 18% rise in food prices this year and next.
FinanceInternationalBloomberg LíneaOct 28AI
Alphabet disappoints Wall Street despite record results: shares fall more than 8%
Alphabet closed the third quarter of 2026 with revenue of $127.6 billion, up 25% year on year, slightly below expectations of about $128 billion. Operating profit rose 30% to $40.6 billion, but net profit fell 25% to $26.2 billion, and earnings per share came in at $2.12 versus roughly $3.00 expected. The stock fell 8.25% in after-hours trading, testing the $300 level.
FinanceInternationalXTB.comOct 28AI
For the third straight day, Argentina's central bank bought no reserves in the foreign exchange market
Argentina's central bank completed three consecutive sessions without buying foreign currency, something that had not happened so far this year, after interrupting a streak of 19 sessions with a buying balance. Gross international reserves closed at USD 50.601 billion, compared with USD 50.580 billion the previous day. The wholesale dollar rose to a new nominal high of $1,541, up 0.3% on the day, in a session influenced by the depreciation of the Brazilian real after the elections in Brazil.
FinanceInternationalInfobaeOct 28AI
Oracle jumps 11% and the dollar weakens after the Fed meeting
The Fed kept rates in the 3.75%-4.00% range, with a 10-2 vote that included Lisa Cook's dissenting vote. Chair Kevin Warsh said there is "broad consensus that the monetary medicine is working" and announced that from next year there will be seven monetary policy meetings a year. The dollar fell 0.2% against a trade-weighted basket and 0.3% against the euro. Oracle surged 11% after projecting more than $225 billion in annual revenue for fiscal 2030.
FinanceInternationalXTB.comOct 28AI
Ford profit rises 13.5% through September despite a 16.3% drop in the third quarter
Ford posted a net profit of $3.27 billion in the first nine months of 2026, up 13.5% from a year earlier, on revenue of $141.075 billion, essentially flat. Adjusted EBIT for the period reached $8.649 billion, up 50.5%, with its margin rising from 4.1% to 6.1%. In the third quarter, net profit fell 16.3% to $2.049 billion, with revenue down 2% to $49.526 billion.
FinanceInternationalExpansiónOct 28AI
Grupo Torna to invest nearly 62 billion pesos in an outlet at the historic Maestranza in San Bernardo
The historic Maestranza Central de Ferrocarriles de San Bernardo will be converted into the Maestranza Outlet Mall (MOM), a Grupo Torna project with an investment above 1,500,000 UF, nearly 62 billion pesos. On a site of more than 70,000 m², the first stage includes 21,000 m² of gross leasable area and a total development of 38,000 m² in the medium term, with about 120 stores. It is the first investment of a Grupo Torna plan worth around US$200 million over three to five years.
FinanceInternationalBioBioChileOct 28AI
Fed holds rates at 3.75%-4% as two officials call for a hike
The Fed's monetary policy committee (FOMC) kept interest rates between 3.75% and 4%, after raising them for the first time in three years at its previous meeting in September. The committee argued it needs more data to determine the appropriate policy stance and ensure inflation returns to its 2% target. Two officials called for a hike amid persistent inflation. Chair Kevin Warsh said inflation is "too high" and that he cannot describe financial conditions as restrictive.
FinanceInternationalEl EspectadorOct 28AI
Chile holds meeting with United States on tariffs, seeks "pragmatic solution"
Chile's Undersecretary of International Economic Relations, Paula Estévez, met with U.S. Trade Representative Jamieson Greer to follow up on bilateral negotiations over the 12.5% tariff surcharge on certain Chilean products. Estévez said the meeting helped reinforce Chile's position and reiterate that more products should be exempt; 53.6% of national shipments are currently exempt. Chile is seeking a "pragmatic solution" of mutual benefit.
FinanceInternationalLa TerceraOct 28AI
Inflation, migration and discontent: support for Trump under pressure in the U.S.
According to a France 24 report cited by Pulzo, President Donald Trump is at one of his lowest points in popularity as high fuel prices, the cost of living and an anti-immigration offensive dominate concerns in the United States. A CBS News poll indicates that 75% of voters believe his administration has failed to curb prices. The text gathers testimonies on the impact of ICE in schools, the housing crisis and cuts to Medicaid and SNAP.
FinanceInternationalPulzoOct 28AI
Dollar closed at 3,163.05 pesos on October 28, 2026, up 18.05 pesos from the opening
The dollar opened this Wednesday, October 28, 2026, at 3,145.000 pesos and closed at 3,163.050 pesos, an increase of 18.05 pesos from the opening, according to the Banco de la República monitoring cited by Noticias RCN. The Market Average Rate reached 3,162.481 pesos and the Representative Market Rate was 3,148.02 pesos, its lowest level in more than a month. Since Friday, October 23, the TRM has not reached 3,200 pesos.
FinanceColombiaNoticias RCNOct 28AI