What just happened, in one line and with a link to the source.
Andi has three finalists to choose its new leader: Luz Stella Murgas, Juan Camilo Nariño and Carlos De Hart. The name of the business association's new head will be announced in the coming days, following Bruce Mac Master's tensions with the Government.
Read the flashPortafolioANDI named Luz Stella Murgas, Juan Camilo Nariño and Carlos de Hart as finalists to become the business association's president. Nicolás Uribe, former president of the Bogotá Chamber of Commerce, was left out of the process, while former foreign minister Jaime Bermúdez had withdrawn earlier.
Read the flashValora AnalitikCopper production in Chile fell 15.1% in September, according to the outlet La República. Chile's industry has been hit in recent months by operational problems, fatal accidents and the impact of adverse weather conditions.
Read the flashLa RepúblicaThe MSCI Colcap index closed the session with a 0.63% correction, according to Valora Analitik. The outlet notes that the index is showing a bearish move.
Read the flashValora AnalitikBitcoin fell below US$77,000 after a hack at Binance that shook the crypto market. According to the report, attackers took more than US$6 billion in the security breach, described as the largest cryptocurrency theft recorded to date.
Read the flashLa RepúblicaThe Government is proposing an austerity plan that would allow it to merge or eliminate ministries and public agencies, with executive powers for six months to do so. The package also includes a 20% cut in payroll spending, according to Portafolio.
Read the flashPortafolioThe threshold for the wealth tax would rise from 72,000 to 95,500 UVT, according to La República. The measure would apply only to the taxable periods 2027, 2028, 2029 and 2030.
Read the flashLa RepúblicaThe fiscal rescue bill must pass four debates in Congress before it can be implemented. According to the published information, lawmakers will study the initiative, although there appears to be no appetite for approving new taxes on the middle class.
Read the flashValora AnalitikThe Rescue Law presented by the Government has drawn mixed reactions. Some sectors highlight the spending cuts and investment incentives included in the bill, while others question the tax increase and the extraordinary powers it contains.
Read the flashLa RepúblicaAccording to La República, sweetened beverages would raise COP 1.8 trillion in 2028 under the Rescue Law. For that year, the tax would be COP 45 per 100 milliliters for those with less than nine grams of added sugar per 100 milliliters.
Read the flashLa RepúblicaThe VAT refund would change under the fiscal rescue law through a new mechanism called EfectIva, which proposes refunding 100% to poor households. According to the published information, the Department for Social Prosperity will credit the funds monthly with a digital invoice.
Read the flashPortafolioThe national government's regulation sets new rules to govern spending on official advertising under the Ley de Rescate. Under the rule, contracts must meet criteria of effectiveness, transparency and objectivity.
Read the flashLa RepúblicaThe new Fiscal Rescue Law contemplates higher taxes on liquor, cigarettes and ultra-processed drinks, according to Portafolio. For sugary drinks, the text sets a rate fixed in pesos based on the exact number of grams of sugar.
Read the flashPortafolioOil was on track to close its fourth monthly rise, in a month marked by an attack on a tanker in Hormuz, which underscores risks in the area. So far this month, Brent was heading for a 13% gain and WTI for a 15% increase, according to the outlet.
Read the flashLa RepúblicaThe BNB token plunged after a possible hack of Binance that could leave $5.3 billion in funds affected, according to Valora Analitik. Analysts describe the episode as possibly the largest hack of an exchange recorded to date.
Read the flashValora AnalitikThe government of President Abelardo de la Espriella seeks to impose taxes on beverages containing sweeteners, according to Valora Analitik. The measure is part of the government's so-called rescue law, which also aims to increase the country's revenue through taxes.
Read the flashValora AnalitikThe De la Espriella government's rescue law defines what should happen to the savings of nearly 135,000 workers who moved to Colpensiones, according to Valora Analitik. The rule addresses the situation of about 136,000 people who transferred their savings to that entity.
Read the flashValora AnalitikStartup YK-Robotics raised 1 million euros in a financing round co-led by Draper B1 and First Drop, according to webcapitalriesgo.com. BStartup, Coben, Elephant and PnP USA also participated in the deal. The round aims to boost automation.
Read the flashwebcapitalriesgo.comConcerns about technology stocks are growing amid the drops that Amazon and Intel shares are expected to post in today's session. Their spending on artificial intelligence is once again raising doubts among investors. Asian equities deepen their declines and the Nasdaq worsens its correction, in the aftermath of a historic slump.
Read the flashexpansion.comBanco Santander brings together international leaders at its International Banking Conference, a meeting that, amid uncertainty, will seek to shed light on the present and future of the world economy.
Read the flashmerca2.esConstruction firm Marval, with 45 years of track record, presents Soho 26, a project through which it proposes an urban transformation on Bogotá's Calle 26. The initiative envisions a district of four connected blocks to recreate the 15-minute city concept in that area.
Read the flashLa RepúblicaInsurers' fear of a possible recession fell from 35% to 18%, according to BlackRock's global survey. Inflation remains the main macro concern for the insurance sector's investment strategy, according to the same poll.
Read the flashLa RepúblicaThe Mercado Global Colombia of the Colombian Stock Exchange allows buying ETF shares, both in local and international assets, with amounts starting at COP 16,700. According to the published information, the routes to do so include platforms, brokers and brokerage firms, options available to those seeking their first stake in this type of investment vehicle.
Read the flashLa RepúblicaMarcel Dereix, brand manager of Mercedes-Benz in Colombia, discussed the brand's bet on electrification in the country, where the market is growing more than 200%. According to what was stated, between 10% and 15% of the brand's new sales will be fully electric.
Read the flashLa República
