Finance

Trump and World Liberty sued over crypto deals tied to the United Arab Emirates
J. Benjamin Greenberg, a Circle Internet Group shareholder, sued Donald Trump and World Liberty Financial in a federal court in Washington. He alleges that two World Liberty crypto transactions with the United Arab Emirates violated the Foreign Emoluments Clause and harmed Circle investors, as World Liberty competes with Circle in the stablecoin market. World Liberty says the allegations are "baseless" and that it complies with US law; Circle said it did not take part in the lawsuit.
FinanceInternationalBloomberg LíneaOct 22AI
Villar warns a 9.4% of GDP fiscal deficit in 2027 would be "unimaginable" for Colombia
Banco de la República governor Leonardo Villar warned that if the government's announced adjustments are not applied, the fiscal deficit would reach 9.4% of GDP in 2027, a figure he called "totally unimaginable" for Colombia since the War of the Thousand Days. With the corrections, the deficit could stand at 7.2% of GDP, a level similar to 2021. Villar explained that the inflow of resources to finance the 2027 budget contributes to the appreciation of the peso.
FinanceColombiaEl ColombianoOct 22AI
The seven bets of the National Development Plan to grow Colombia's economy by 6%
DNP director Julián Buitrago presented the seven pillars of the National Development Plan of Abelardo De La Espriella's government at the Colombian Construction Congress, aimed at reaching 6% economic growth by the end of the administration in 2030. The pillars include reconstruction of areas hit by the August 10 earthquake, security and legal certainty for investment, housing, health and energy, megaprojects, the Altillanura, the transformation of the State, and talent and innovation.
FinanceColombiaEl TiempoOct 22AI
AI investment doubts hit Wall Street: Meta plunges 7.0%
Wall Street closed lower on renewed doubts about the growing indebtedness of companies tied to artificial intelligence. The Nasdaq fell 2.60% and the S&P 500 dropped 1.21%, while the Dow Jones rose 0.02%. Meta was the hardest-hit big tech stock, plunging 7.0%, followed by Amazon (-4.47%), Nvidia (-4.40%), Alphabet (-3.15%) and Microsoft (-2.26%). Tesla fell 3.1%. The yield on the 10-year Treasury note fell to 4.96%.
FinanceInternationalEl EspectadorOct 22AI
Prosecutor's Office seized six cellphones in probe into financing of Pacto Histórico primary
Colombia's Attorney General's Office seized six cellphones in operations in Bogotá and Barranquilla as part of a probe into alleged irregularities in the financing of the campaigns of Iván Cepeda and Carolina Corcho in the Pacto Histórico internal primary of October 26, 2025. The operations, carried out by the DIJIN police unit under an order from a prosecutor of the Specialized Directorate against Corruption and with authorization from a judge, included personal searches of six citizens.
FinanceColombiaCaracol RadioOct 22AI
AI mega-investments set off alarms on Wall Street as Nasdaq suffers worst drop in four months
Global stock markets fell sharply on persistent unease over the outlook for artificial intelligence. The Philadelphia semiconductor index dropped 5.6%, its lowest level since July 29, and the Nasdaq-100 was headed for a loss of nearly one trillion dollars. Meta fell 4.5% after presenting a new class of non-voting shares to fund its AI expansion; Tesla slipped 2% and Amazon and Nvidia each fell more than 4%. Investors shifted focus from results to the capital needed to build AI infrastructure.
FinanceInternationalAmbitoOct 22AI
Colombia's Fiscal and Customs Police seize 10 tonnes of smuggled food in Ipiales
In the first half of 2026, officers from the Criminal Investigation Basic Unit of the Ipiales Operational Control Division of the Fiscal and Customs Police seized 10 tonnes of perishable food: 8,630 kilos of rice and 1,500 kilos of sugar, plus 1,200 units of cleaning supplies and 6,850 units of tuna and energy drinks, valued at $130,698,228. The goods, carried in a truck bound for Cali, lacked documents proving legal entry into the country and INVIMA sanitary registration, and were handed over to DIAN.
FinanceColombiaDiario del SurOct 22AI
Norway's sovereign wealth fund loses 0.5% in the third quarter on bond slump
Norway's sovereign wealth fund, valued at US$2.3 trillion, posted a 0.5% loss in the third quarter, dragged down by its fixed-income portfolio, Norges Bank Investment Management (NBIM) reported. A 0.5% return on equities did not offset a 3.5% loss in fixed income, hit by rising interest rates. Deputy CEO Trond Grande said growing global public debt is a concern and that NBIM proposed cutting its government bond holdings from 70% to 50%.
FinanceInternationalBloomberg LíneaOct 22AI
Sepi refuses to write off debt in Tubos Reunidos insolvency, chilling investors
Sepi's refusal to write off Tubos Reunidos' debt, backed by a European Commission analysis, has chilled the investors still in the Basque steelmaker's insolvency proceedings. Basque Industry minister Jauregi acknowledged the report was a "surprise" for bidders, whose offers assumed the disappearance of that 150 million euro liability. He announced a meeting with Sepi to seek an agreement and called for "flexibility". The company warned staff about November and December payroll.
FinanceInternationalEl CorreoOct 22AI
Dollar closes lower in Colombia at $3,185.01
The dollar closed the session in Colombia down US$6.46 against the day's TRM, moving from US$3,191.47 to $3,185.01. During the day the currency ranged between lows of US$3,171 and highs of US$3,197.75, with 1,865 transactions worth US$1.410 billion. So far this year the currency has fallen $565.61. Rising oil prices since the start of the Middle East conflict and uncertainty over the US legislative elections are affecting the market.
FinanceColombiaLa FMOct 22AI
'Mejora tu Casa' buys materials from neighborhood hardware stores, boosting Bogotá's local economy
The 'Mejora tu Casa' program, run by the Caja de la Vivienda Popular (CVP), improves homes in Bogotá while strengthening neighborhood economies. Instead of going to large retailers, the entity buys materials from hardware stores and supply depots in the intervened area itself. Óscar Escamilla, owner of Ferremilla in Bosa San Pedro, said the CVP has bought pegacor, nozzle, sand, blocks and rollers from him, and that the impact is twofold: families improve their homes and local businesses sustain their sales.
FinanceColombiaPulzoOct 22AI
What to know about the Tesla-SpaceX merger proposed by Elon Musk
Elon Musk said SpaceX and Tesla have formed special committees to study a possible merger. The resulting entity would be worth about 3.5 trillion dollars, according to the report, and would be the largest corporate deal in history. SpaceX is valued at close to 2 trillion and Tesla at around 1.5 trillion. Musk holds about 82% of voting rights at SpaceX and around 20% at Tesla. The deal requires the backing of a majority of Tesla shareholders.
FinanceInternationalFrance 24Oct 22AI
Peter Thiel bet on Vista Energy with $76 million and his stake is now worth $82.4 million
Through his Thiel Macro fund, Peter Thiel acquired 1,189,792 shares of Argentine oil company Vista Energy, a position valued at about $75.9 million as of June 30, according to the filing with the SEC. The investment accounted for 18.13% of the fund's equity portfolio and was the only non-US company among its disclosed holdings. With Vista trading near $69 per share, the stake is estimated at $82.4 million, an 8.6% gain.
FinanceInternationalAmbitoOct 22AI
Tubos Reunidos says European report on SEPI debt write-off is not binding
Tubos Reunidos argues that the European report suggesting a write-off of its 150 million euro debt with SEPI would not be possible "is not binding" and does not represent the European Commission's definitive position. The insolvency administration classifies the loan as "subordinated", meaning it should not be transferred with the productive units, something the potential buyers are demanding. The company told its workforce that in the first 20 days of October it booked orders worth about 15 million euros, 105% more year-on-year, though it does not rule out delays in payroll and extra payments.
FinanceInternationalORAINOct 22AI
Argentina's exchange gap widens: MEP and contado con liqui spread closed at 5.2%
The gap between the MEP dollar and the contado con liqui (CCL) exceeded 7% on Thursday and closed at 5.2%, above the 3.5%-4% range it held throughout the year. The implicit cost of dollarizing on the local exchange ended at AR$1,549.42 and the cable at AR$1,630.81. Analysts attribute the move to greater CCL demand, MEP stability due to official interventions and an imbalance between supply and demand for cable dollars.
FinanceInternationalBloomberg LíneaOct 22AI
Official dollar rose 5 pesos and closed at 1,550 in Banco Nación, a new high
The official retail dollar rose 5 pesos this Thursday, October 22, and closed at 1,550 for sale at Banco Nación, a new high, while the wholesale rate ended at 1,528. The blue dollar remained stable and closed at 1,565, and financial exchange rates also ended higher. Country risk surpassed 700 points again. Finance Secretary Federico Furiase ruled out exchange-rate and interest-rate volatility for 2027 and attributed the rise in country risk to the international crisis.
FinanceInternationalTNOct 22AI
Mexican peso falls 0.22% against the dollar after October inflation data
The Mexican peso depreciated 0.22%, equivalent to 4.20 centavos, and the exchange rate stood at 18.71 pesos per dollar, according to Banco de México data. The decline came amid greater global risk aversion due to geopolitical tensions in the Middle East and after October inflation came in higher than expected, reducing room for Banxico to cut its rate again, according to Gabriela Siller of Banco Base. At bank windows the dollar is quoted at 19.18 pesos.
FinanceInternationalEl FinancieroOct 22AI
Bovespa falls 1.15% three days before Lula-Flavio Bolsonaro runoff in Brazil
Three days before Brazil's presidential runoff, the Bovespa index fell 1.15% to close at 204,120 points, with Vale dropping 4% and CVC and CSN among the biggest losers. The real depreciated 0.22% against the dollar, to 5.037 reais for buying. The next president will face a fiscal deficit of 9.48% of GDP, public debt of 82.9% and a Selic rate of 13.75%, amid a campaign marked by cross-complaints before the Superior Electoral Court.
FinanceInternationalClarin.comOct 22AI
Investar Holding reports $0.74 diluted EPS for the third quarter and a 3.73% NIM
Investar Holding Corporation reported net income of $11.1 million for the third quarter of 2026, with diluted EPS of $0.74 versus $0.61 in the second quarter of 2026. The net interest margin stood at 3.73% and basic adjusted EPS at $0.77. According to the company's release, the results reflect the benefits of integrating the WFB agreement and balance sheet optimization.
FinanceInternationalTradingViewOct 22AI
Urion Investments buys 8.1% of Atico and US$16.4 million in convertible debt
Urion Investments Holdings Sárl, on behalf of Trafigura, acquired 16.15 million Atico shares, equal to 8.1% of the company, and a US$16.4 million secured convertible obligation with a conversion price of US$0.22. According to the release, up to 27.32 million shares could be issued without additional approvals. The transaction is presented as an early balance-sheet restructuring with a new strategic creditor-shareholder, following prior debt under a 2022 credit agreement.
FinanceInternationalTradingViewOct 22AI