Finance

Dollar opened higher this Thursday in Colombia, $18.32 above the TRM
The currency opened the session higher at 3,180.67 pesos, a difference of 18.32 pesos from the day's TRM of 3,162.35. During the morning it recorded a low of 3,180 and a high of 3,182.50 as of 8:05 a.m. An analysis by José Luis Hernández of Corficolombiana noted that on October 29 a triple macro data release was expected in the United States —inflation, GDP and jobless claims— that could accelerate or not the Fed's rate decisions.
FinanceColombiaEl Universal (Cartagena)Oct 29AI
US economy grew 3.4% in the third quarter while PCE inflation held at 3.6%
The US economy grew 3.4% in the third quarter, above analysts' 3.1% forecast and the 2.2% of the previous quarter, according to data released this Thursday. The Bureau of Economic Analysis of the Commerce Department attributed the gain to investment, consumer spending and government spending, partly offset by a decline in exports. In September, the PCE inflation index rose 3.6% year-on-year and 0.5% month-on-month. The figures come days before the midterm legislative elections.
FinanceInternationalPortafolioOct 29AI
Dollar rose at the October 29 opening and traded at 3,180.67 pesos
The dollar in Colombia opened this Thursday, October 29, 2026, at 3,180.67 pesos, 18.32 pesos above the day's TRM of 3,162.35, according to the opening report. By 8:05 a.m. it had recorded a low of 3,180 and a high of 3,182.50. The TRM rose 14.33 pesos from Wednesday's 3,148.02, a 0.46% change that ended a streak of declines. So far this year it has fallen 15.83%.
FinanceColombiaNoticias RCNOct 29AI
Morningstar lifts SpaceX price target on AI and data center growth
Morningstar raised its price target for SpaceX shares, according to Investor's Business Daily. The outlet notes that analysts continue to highlight growth in the company's artificial intelligence and data center business. The information appears in a stock analysis piece that asks whether the stock is a buying opportunity.
FinanceInternationalInvestor's Business DailyOct 29AI
Dollar opens higher on October 29 at $3,180, $18 above the TRM
The dollar opened the October 29 session at $3,180, an increase of $18 compared with the TRM of $3,162 set by the SuperFinanciera. In the first minutes the currency showed volatile behavior, with a maximum price of $3,182, a minimum of $3,180 and an average of $3,181. Traded volume so far stands at 3,250 million, with an average volume of 361 million. Globally, the dollar index was down 0.18%, to 70,905 units.
FinanceColombiaRevista SemanaOct 29AI
Dollar closed at COP 3,147.40 as markets await Banco de la República decision
The dollar closed Tuesday at COP 3,147.40, after moving from COP 3,145 on Friday, October 23, to COP 3,130 on Monday, October 26. Analyst Diego Sogamoso noted the currency trades below its 50-day moving average, near COP 3,173. The Fed meets on October 27 and 28 and the market sees it likely holding its rate between 3.75% and 4%. Banco de la República decides this Friday, October 30, on a rate currently at 12.25%.
FinanceColombiaEl EspectadorOct 29AI
What the nominal exchange rate is and how the dollar's value is calculated in Colombia
The nominal exchange rate indicates how many Colombian pesos are needed to buy one U.S. dollar, the reference currency given its use in Colombia's trade, investment and international financing transactions. Its variations affect imports and exports: when it rises, the peso depreciates and imports become more expensive; when it falls, it appreciates and reduces exporters' competitiveness. The official reference is the TRM, the simple arithmetic average of the weighted rates of dollar-peso purchase and sale operations carried out in a day.
FinanceColombiaPulzoOct 29AI
Indra beats EBITDA estimates in the third quarter and surges on the stock market
Indra reported mixed third-quarter 2026 results: EBITDA reached 201 million euros, above estimates, while revenue and EBIT came in below consensus. Net profit and cash generation showed a favorable trend. The accumulated order book reached 22.165 billion euros, with Defense as its main component (11.481 billion). The company maintains its 2026 targets and its shares are up 34% since the start of the year.
FinanceInternationalXTB.comOct 29AI
Brazil consumption tax rate could exceed projections, worrying infrastructure companies
Brazil's Federal Court of Accounts (TCU) presented a calculation proposing a reference rate of 11.3% for the Goods and Services Contribution (CBS) in 2027, a tax that will replace PIS and Cofins. If confirmed, total consumption taxation could reach 30%, above the 26.5% foreseen during the passage of the reform approved in 2024. The proposal still needs to be evaluated by the Senate, which has until December 22 to set the rate.
FinanceInternationalBNamericasOct 29AI
US personal spending rises 0.5% monthly as annual PCE reaches 3.6%
US personal spending grew 0.5% month over month, below the 0.6% forecast, while the annual PCE rate stood at 3.6%. Core PCE rose 0.3% monthly and held its annual rate at 3.1%. Personal income rose 0.2% monthly. Meanwhile, annualized GDP posted preliminary growth of 3.4%, versus 2.2% previously, with annualized personal consumption at 3.8% and a GDP deflator of 2.2%.
FinanceInternationalXTB.comOct 29AI
Samsung and Alphabet cast doubt on the AI rally at market open
US futures trade lower, weighed down by Alphabet, whose shares fall about 10% in premarket after reporting third-quarter sales, excluding partner payments, of $111.2 billion, below estimates. In Asia, Samsung fell 4.1% after disappointing with the absence of a new shareholder return plan and chip profits below estimates. Microsoft rises 3.7% in premarket on strong cloud sales and Oracle extends gains.
FinanceInternationalXTB.comOct 29AI
Colombian companies reshape operating models amid slowing consumption and high interest rates
Colombia's economy is going through a complex cycle marked by slowing domestic consumption, high interest rates and currency volatility, according to an analysis by Diario del Sur. Local companies are reshaping their operating models with fixed-cost efficiency, renegotiation of liabilities, supplier diversification and digitalization of distribution channels. Restricted access to commercial bank credit is holding back expansion plans, while MSMEs need soft microcredit lines and regional tax relief.
FinanceColombiaDiario del SurOct 29AI
Spain's Diverxia reaches 5.3 GW of global projects and strengthens its EPC and storage push in Latin America
Spanish company Diverxia holds 5.3 GW of projects globally and is moving from renewable developer to an integrated model covering development, construction, operation and maintenance and investment in its own assets. In Latin America it has 600 MW utility scale in Mexico, about 1 GW of solar PV and 21 BESS projects in Brazil, keeps a presence in Colombia and is analyzing opportunities in Argentina and Panama. In Spain it is building an 85 MW solar plant and plans to take part in the capacity market once launched.
FinanceInternationalEnergía EstratégicaOct 29AI
Five energy giants unveil plans in Chile: over 1,800 MW of renewables, BESS and US$2 billion in transmission
On the first day of the Future Energy Summit Chile 2026, CIP, ContourGlobal, Copec Flux, Colbún and Conexión Kimal–Lo Aguirre presented their expansion plans in renewables, battery storage (BESS) and transmission in Chile. CIP totals 520 MW of standalone storage; ContourGlobal acquired about 850 MW of solar and BESS and started a hybrid project of more than 220 MW; the Kimal–Lo Aguirre line exceeds US$2 billion in actual investment. Executives warned that capital requires greater electricity demand, clear rules and faster permits.
FinanceInternationalEnergía EstratégicaOct 29AI
American Airlines raises annual fee on Citi AAdvantage cards to $150
American Airlines, Citi and MasterCard will raise the annual fee on the Citi/AAdvantage Platinum Select and Citi/AAdvantage Business cards from $99 to $150 starting Jan. 24, 2027, according to an airline press release. It is the first price increase for the Platinum Select since 2018. To offset it, new benefits include up to $120 every four years toward Global Entry or TSA PreCheck and a $100 annual statement credit for in-flight purchases, replacing the 25% food and beverage discount.
FinanceInternationalFox NewsOct 29AI
Fed holds rates at 3.75%-4% two days before Banco de la República's decision
The U.S. Federal Reserve kept its interest rates in the 3.75%-4% range and said it will wait for more data to define the appropriate stance to bring inflation back to 2%. The decision precedes Banco de la República's meeting on Friday, October 30, which will set its rate, currently at 12.25%. Bancolombia expects a 25-basis-point hike to 12.50%, with annual inflation at 6.29% in September.
FinanceColombiaEl EspectadorOct 29AI
Caterpillar shares fall after missing Q3 sales estimates and giving an outlook that casts doubt on Q4
Caterpillar shares fell and weighed on Dow Jones futures after the company missed third-quarter sales expectations and gave an outlook that casts doubt on fourth-quarter forecasts, according to Investor's Business Daily.
FinanceInternationalInvestor's Business DailyOct 29AI
Madrid's High Court of Justice annuls over 403,000 euros in tax assessments against a content creator
In a ruling dated May 4, 2026, the High Court of Justice of Madrid annulled personal income tax assessments for 2017 to 2019 totaling 241,860.82 euros and the related penalty of 161,502.99 euros imposed on a digital content creator. The tax agency considered that her company contributed residual value and applied the comparable uncontrolled price method, attributing almost all income to the individual. The court finds the comparable was not properly constructed: the final audiovisual product integrates creative, technical and organizational decisions and the work of other professionals.
FinanceInternationalCuatrecasasOct 29AI
Gold falls 0.7% to $4,038.49 after Fed decision, with markets awaiting PCE data
Spot gold fell 0.7% to $4,038.49 an ounce and US futures slipped 0.1% to $4,049.72, after the Federal Reserve kept its interest rate unchanged in a 10-2 vote. Investors awaited the September PCE index to assess the possibility of another rate increase before the end of the year. Silver, platinum and palladium also posted losses, while the dollar index rose to 102.20 points.
FinanceInternationalRevista ADVFNOct 29AI
Colombian peso reference rate rises to 3,162.35 as exchange houses post wide spreads
The Representative Market Rate in force this Thursday, October 29, 2026, stands at 3,162.35 pesos per dollar, an increase of 14.33 pesos (0.46%) from Wednesday's 3,148.02 pesos, according to Superintendencia Financiera records. At exchange houses, Cartagena posts the highest buying price at 3,750 pesos and Medellín the lowest selling price at 3,160 pesos. The widest spread is in Cartagena (230 pesos) and the narrowest in Cúcuta (40 pesos).
FinanceColombiaRevista SemanaOct 29AI