Finance

Saipem and MDC sign memorandum to explore offshore drilling in Egypt
Italy's Saipem and Egypt's Modern Drilling Company (MDC) signed a memorandum of understanding, announced on October 22, 2026, to explore offshore drilling opportunities in Egypt and, later, in other Middle East and North Africa markets. The agreement is non-exclusive and envisages possible consortia, joint ventures and technical cooperation. A joint committee will coordinate the projects. No drilling contracts or concrete investments stemming from the alliance have been announced yet.
FinanceInternationalInspenetOct 23AI
Dollar opened at 3,172 pesos in Colombia after De la Espriella's 13.8 trillion peso cut decree
The dollar opened at 3,172 pesos in Colombia, compared with the previous day's close of 3,174, in a session of contained moves awaiting new macroeconomic data, according to JP Tactical Trading. The session was marked by the signing of Decree 1585, which applies a 13.8 trillion peso adjustment to the 2026 budget, after the 2027 General Budget of 634.95 trillion pesos was issued by decree. Brent rose above US$114 per barrel on geopolitical tensions in the Middle East.
FinanceColombiaPulzoOct 23AI
McDonald's rebounds more than 10% from its October low and trades back near $253
McDonald's hit a low near $230 at the start of October and three weeks later trades around $253, a recovery of more than 10%. The rebound comes as its comparable sales slow: they grew 5.7% in the fourth quarter of 2025, 3.8% in the first quarter of 2026 and 1.3% in the second, with traffic falling in the United States. The company keeps about 95% of its restaurants in franchisees' hands and expects to provide about $8.5 billion in support to those operators through 2036.
FinanceInternationalXTB.comOct 23AI
Chevron reviews sale of mature assets in the Gulf of Mexico
Chevron began a strategic review of its deepwater extraction portfolio to sell several of its oldest oil and gas fields in the Gulf of Mexico. The bidding process, expected to last several months, could generate net proceeds close to 1 billion dollars. The company aims to reallocate capital toward higher-return projects such as Anchor and Ballymore, and to reach 300,000 barrels of oil equivalent per day in the basin by the end of the current year.
FinanceInternationalInspenetOct 23AI
Dollar opens lower in Colombia this Friday, averaging $3,177
The dollar in Colombia opened this Friday, October 23, at an average of $3,177, down $8 from the Representative Market Rate of $3,185.01. Domestically, the Ministry of Finance issued Decree 1599 of 2026, setting the 2027 General National Budget at 634.9 trillion pesos, after the Senate and the Chamber failed to reconcile their texts. Wall Street opened lower, pressured by rising oil prices and doubts over the profitability of AI.
FinanceColombiaELHERALDO.COOct 23AI
Dollar opens lower in Colombia at 3,175.03 pesos against a TRM of 3,185.01
The dollar opened this Friday, October 23, 2026, at 3,175.03 pesos in Colombia, below the day's TRM of 3,185.01, a difference of 9.98 pesos. The official rate fell 6.46 pesos from the previous day's 3,191.47. In early trading the exchange rate moved between a low near 3,172 and a high of 3,177.
FinanceColombiaDiario del SurOct 23AI
EU imports of vehicles from China rose 151% in August
European imports of passenger cars from China rose 151% year-on-year in August to 227,810 units, compared with 90,498 in August 2025, according to Eurostat data analyzed by the ECG of the Association of European Vehicle Logistics. Between January and August 2026 the EU imported 1,105,239 vehicles from China, above the 1,011,563 units of all of 2025. In contrast, Chinese production fell 8.7% in September and domestic sales dropped 26%, while exports grew 61.5%.
FinanceInternationalEl Canal Marítimo y LogísticoOct 23AI
What the TRM is, how it is calculated and how it affects the Colombian peso
The Market Representative Exchange Rate (TRM) is the simple arithmetic average of the weighted rates of all US dollar-peso purchase and sale transactions settled the same day by supervised entities, including commercial banks, financial corporations, brokerage firms, FDN and Bancoldex. When the rate rises, the peso depreciates and imports become more expensive; when it falls, the peso appreciates, importing becomes cheaper but exporters may lose competitiveness. The report cites one dollar at 3,185.01 pesos.
FinanceColombiaPulzoOct 23AI
Dollar opened at 3,172.00 pesos and the TRM stood at 3,185.01 pesos on October 23
Around 8:00 a.m. on October 23, 2026, Banco de la República reported that the dollar opened at 3,172.00 pesos, while the Representative Market Rate stood at 3,185.01 pesos, down 6.46 pesos from the previous session. Compared with the TRM a week earlier, the indicator rose 14.55 pesos (0.46%), and compared with a year ago it fell 715.81 pesos (18.35%).
FinanceColombiaNoticias RCNOct 23AI
Venezuela's central bank sets official dollar rate at 886.22 bolívares for October 23
The Central Bank of Venezuela (BCV) published the official dollar rate for Friday, October 23, 2026, at 886.22 bolívares (VES) per dollar, compared with the October 22 report, reflecting a declining movement of the bolívar against the U.S. currency. The BCV also set rates for the euro (993.08 bolívares), the Chinese yuan (132.78), the Turkish lira (17.85) and the Russian ruble (10.85).
FinanceInternationalCaracol RadioOct 23AI
Eni jumps 125% in profit on refining boom
Eni raised its adjusted net profit by 125% in the third quarter of 2026, to $3.14 billion (2.8 billion euros), driven by growth in oil and gas production and by refining margins that more than doubled. The result beat market expectations. The Italian oil company also announced an extraordinary dividend and an expansion of its share buyback program.
FinanceInternationalInspenetOct 23AI
Dollar opens at COP 3,172, COP 13 below the October 23 TRM
The dollar began trading on October 23 at COP 3,172, a drop of COP 13 from the COP 3,185 TRM set by the SuperFinanciera. In the first minutes the currency showed volatile behavior, with a high of COP 3,180, a low of COP 3,171 and an average of COP 3,175. Traded volume so far stands at 250 million. Globally, the dollar index was down 0.18% at 70.905 units.
FinanceColombiaRevista SemanaOct 23AI
Dollar opened lower in Colombia: started at 3,175 pesos and moved away from 3,200
The dollar opened in Colombia at 3,175.03 pesos, a drop of 9.98 pesos from the day's TRM of 3,185.01. In the morning it traded between a low of 3,172 and a high of 3,177. Corficolombiana strategist Mauricio Acevedo attributed the mixed performance of U.S. stock futures to concerns over the capital needed to finance the rapid development of artificial intelligence. In Colombia, buying intentions are expected around 3,140 in the short term.
FinanceColombiaEl ColombianoOct 23AI
Dollar rises in Mexico to around $18.75, a level unseen since 2025
The dollar in Mexico (USDMXN) gains about 0.2% and holds around $18.75, approaching $18.80, a zone not seen since September-October 2025. The rise comes as the dollar index stands near 101.6 points, close to three-week lows. The market assigns about a 91% probability that the Fed will keep rates unchanged next week and around 76% to a 25-basis-point hike in December. Mexican economic activity grew 0.6% month-on-month in August and 3.3% year-on-year.
FinanceInternationalXTB.comOct 23AI
Unilever cuts operational emissions by 77% and accelerates its shift to a low-carbon economy
Unilever said that by the end of 2025 it had cut greenhouse gas emissions from its own and leased sites, including factories, offices and R&D centers, by 77% compared with 2015, and it keeps its goal of a 100% reduction by 2030. The company structures its Climate Transition Action Plan around three levers: transforming its operations, innovation in products and processes, and collaboration with its supply chain.
FinanceInternationalEl ConfidencialOct 23AI
Colombian peso opens stronger on Friday, October 23, with dollar at 3,175.03 pesos
The dollar in Colombia opened Friday, October 23, lower at 3,175.03 pesos, a drop of 9.98 pesos from the TRM of 3,185.01. By 8:00 a.m. the currency traded between a low of 3,172 and a high of 3,177. The market was marked by investor caution over international signals, particularly from the U.S. technology sector, according to Corficolombiana strategist Mauricio Acevedo.
FinanceColombiaEl Universal (Cartagena)Oct 23AI
L'Oréal warns that the boom in Ozempic and other GLP-1 drugs is changing cosmetics consumption
The boom in weight-loss drugs such as Ozempic, Wegovy and Mounjaro is changing the consumption of beauty products, especially skincare, according to L'Oréal. Its CEO, Nicolas Hieronimus, called GLP-1 drugs "a very important phenomenon" for the company during an investor call. The French firm already offers products aimed at skin sagging linked to rapid weight loss and raised its stake in Galderma to 20%. Its sales grew 7.7% in the quarter ended in September.
FinanceInternationalBioBioChileOct 23AI
Chile's dollar hovers near 987 pesos amid higher risk aversion
The dollar in Chile (USDCLP) rises about 0.1% to around 987 pesos in a session with mixed signals. The correction in technology and AI-linked stocks drove demand for US Treasury bonds, weakening the global dollar, but higher risk aversion reduces appetite for emerging market currencies. Copper gains about 1.2% on the London Metal Exchange and curbs the dollar's advance. Chile's producer price index rose 24.8% year-on-year in September, its highest level since April 2022.
FinanceInternationalXTB.comOct 23AI
Downward trend of the dollar in Colombia hits importers and exporters
The dollar's exchange rate in Colombia keeps a downward trend and is approaching strategic levels at exchange houses and the country's bourses, according to the report. The decline in the Representative Market Rate (TRM) is attributed to international factors, such as monetary policy decisions in the United States, and to local supply and demand dynamics for foreign currency. The fall benefits importers of industrial inputs and food, while exporters and the coffee sector watch the market because a weaker dollar reduces their income in local currency.
FinanceColombiaDiario del SurOct 23AI
Dollar holds below COP 3,200, with budget and Fed as key drivers
The dollar in Colombia remains below COP 3,200, according to El Espectador. Local factors include the 2027 General Budget, whose amount stands at COP 634.9 trillion after the first-debate text was applied, and the Banco de la República's rate decision on October 30, with the rate at 12.25%. Abroad, September US inflation (3.7% annual), expectations around the Fed and oil prices weigh in. The currency closed at COP 3,183.80 after touching COP 3,214.
FinanceColombiaEl EspectadorOct 23AI