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Spain's Ibex 35 closed October with a 3.90% drop at 18,652.90 points, its worst monthly close since March, marking a second consecutive negative month. The decline was weighed down by banks despite their record profits. The Spanish index fell more than its European peers.
Read the flashmerca2.esParaguay's Ueno Bank is seeking to shore up its capital amid a fall in its bonds. The entity has faced growing scrutiny in recent weeks after the leak of documents that, according to the published information, would have come from the Central Bank.
Read the flashLa RepúblicaCochilco, an agency under Chile's Ministry of Mining, cut its forecast for Chilean copper production. For 2026 it expects output to fall 8.4% to 4.94 million tonnes, according to the published information, amid a price outlook.
Read the flashLa RepúblicaColombian businessman Gilinski continues to expand his businesses across the region, from Venezuela to Argentina and Ecuador, driven by his latest acquisitions through Nutresa and Geopark, according to Portafolio. These deals have increased his presence in several countries on the continent.
Read the flashPortafolioDane records inflationary increases in beverages that the so-called rescue law seeks to tax, according to Portafolio. The proposed rates in that initiative would take effect from 2028 and would affect products ranging from aguardiente to coffee.
Read the flashPortafolioBanana exports from Colombia's Caribbean region lost ground in international markets and are down 31.9% in 2026, according to Portafolio. In September, sector revenue fell COP 145,583 million compared with the same month in 2025.
Read the flashPortafolioAndrés Puyo Mesa will become the new president of Banco Agrario de Colombia, according to Valora Analitik. The executive has nearly three decades of experience in the financial sector.
Read the flashValora AnalitikMastercard says cybersecurity is a key factor for the digital growth of SMEs in Colombia, according to the Mastercard 2026 SME Cybersecurity Outlook, a new regional study by the company on cybersecurity among small and medium-sized businesses.
Read the flashValora AnalitikBinance said it has restored 90% of the assets taken in a security incident. The platform said it has internally set aside about US$6.34 billion of company funds to cover the losses.
Read the flashLa RepúblicaPortafolio publishes a ranking of employment in Colombia with the cities with the highest and lowest unemployment in September. According to the information, Bogotá is the city in the country with the least unemployment.
Read the flashPortafolioThe Euro Stoxx Banks index is finding support at its 50-week moving average for the seventh time, a level that has underpinned the European financial sector since 2023. Meanwhile, the Ibex 35 Banks holds within the 1,800-1,880 point range, according to the analysis published by merca2.es.
Read the flashmerca2.esFecoljuegos, the gambling industry association, is preparing a tax proposal within the framework of the Economic Rescue Law. According to the association, any new levy must take into account the costs and payment capacity of each segment of the sector.
Read the flashPortafolioBasf raised its forecasts for 2026 after posting 15% growth in quarterly EBITDA. The company reached sales of 16.4 billion euros between July and September, driven by higher prices and volumes.
Read the flashPortafolioRussia extended until January its ban on most diesel exports. For November, the country plans to export around 2.15 million tonnes of diesel, compared with about 510,000 tonnes exported this month.
Read the flashLa RepúblicaPalm oil production in Colombia reached a record and exports grew 22% in 2026, according to Portafolio. In September, 157,400 tonnes were produced, 9.2% more than in the same month last year.
Read the flashPortafolioAccording to Fenalco, discounts and promotions drove retail sales in Colombia during September. The trade association also reported that 43% of business owners expect economic improvements in the next fiscal semester.
Read the flashPortafolioBanco de la República projects that inflation will reach the 3% target only by mid-2028. Leonardo Villar said the indicator's convergence would begin in 2027, but that the target would not be met that year.
Read the flashPortafolioThe Rescue Law proposes reducing Colombia's corporate income tax, along with new investment incentives and changes to tax burdens. The initiative thus sets out an adjustment to the tax regime paid by companies in the country.
Read the flashValora AnalitikThe Pacientes Colombia movement warned that the UPC advance could compromise the resources allocated to serving users in 2027. The organization called for clarity on the funding sources and on the mechanisms to verify the plan's results.
Read the flashPortafolioPaying for an artificial intelligence subscription does not guarantee more accurate answers, according to Enter.co. ChatGPT, Gemini, Claude, Perplexity and Microsoft Copilot offer free tiers that allow users to resolve questions and handle everyday tasks. The differences appear when working with lengthy documents, needing advanced features or using these tools repeatedly throughout the day. Knowing their restrictions helps users decide.
Read the flashEnter.coCongress has six weeks to advance the Fiscal Rescue Bill, according to Portafolio. The outlet notes that tax reforms in Colombia between 2010 and 2026 took between 33 and 85 days just to present the ponencia, underscoring the scale of the legislative challenge for the initiative.
Read the flashPortafolioThe Board of Directors of Banco Popular accepted the resignation of María Fernanda Suárez Londoño and appointed Luis Fernando Gómez as interim president of the entity. Suárez Londoño will be in charge of Banco de Bogotá.
Read the flashLa RepúblicaIcetex plans to grant 25,000 education loans in 2027 and will open its application process starting November 3. In addition, around 95,000 students will be able to renew their financing for the first semester of next year, according to Portafolio.
Read the flashPortafolioRetailers began the Halloween day with high expectations, according to Portafolio. According to Fenalco, 74% of Colombians will celebrate the date and 46% will spend between $100,000 and $200,000, while spending could reach $350,000 per person.
Read the flashPortafolio
