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Colombia's trade minister proposed reviewing VAT payment on purchases made through platforms such as Temu, Shein and Amazon, arguing that "the playing field must be leveled." Fenalco also called for changes to tariffs on apparel.
Read the flashPortafolioColombian confectionery and chocolate exports total US$248.5 million so far this year, according to Analdex. Sales to the United States fell 28.6%, equivalent to US$22.2 million less, in a year marked by additional tariffs on Colombian products.
Read the flashLa RepúblicaBasf reported revenue of US$18.289 billion during the third quarter of 2026. The company's sales grew 14% year over year in the period, driven by higher prices and slightly higher volumes.
Read the flashLa RepúblicaMastercard and Visa face a US$6.663 billion lawsuit in the United Kingdom, according to La República. The case relates to economic damages that British merchants are said to have suffered since 2020 due to a lack of competition.
Read the flashLa RepúblicaOdinsa's shareholders' meeting approved an extraordinary dividend of COP 934 per share, following financial operations that allowed cash flows to be brought forward. With that decision, Grupo Argos will receive about COP 183 billion.
Read the flashPortafolioCandy exports fell 13.2%, as reported by Portafolio in the context of Halloween. Between January and August, US$248.5 million were sold, while Peru and Central America gained ground abroad and seven markets now surpass the United States in purchases.
Read the flashPortafolioGrupo Aval preferred shares fell and led the correction of the MSCI Colcap index, according to a report by Valora Analitik.
Read the flashValora AnalitikChevron plans to invest more than US$100 million in Colombia and expects to reach 200 service stations in the country. The company said the investment amount is subject to changes due to commercial, regulatory and operational factors.
Read the flashValora AnalitikThe price of Brent crude fell to US$113 amid expectations of possible peace talks in the Middle East. US Vice President JD Vance sought to revive negotiations with a letter addressed to Mohsen Rezaei, according to La República.
Read the flashLa RepúblicaLuz Stella Murgas aims to become the first woman to preside over ANDI. The business leader has more than 20 years of experience linked to Colombia's energy, gas and mining sectors.
Read the flashValora AnalitikNutresa confirmed the closing of its acquisition of Industrias Tío Rico, a company that leads the ice cream category in Venezuela with a market share of around 55%, according to La República.
Read the flashLa RepúblicaSK Hynix posted operating profit of 55,610 million euros in a quarter, up 632%, with a 79.7% margin, according to its results. The South Korean company surpasses 100 for the first time in the metric cited in the excerpt and has its output sold out through 2029. Memory scarcity is setting the pace of artificial intelligence.
Read the flashmerca2.esA bill that would modify the rules for service contracts in the State was approved in its first debate. Under the initiative, public entities would have to adjust the planning of their contracts to avoid unjustified divisions.
Read the flashPortafolioThe Aragonese Institute for Environmental Management (Inaga) has authorized AWS, Amazon's cloud division, to increase water withdrawal by 48% at its data center in El Burgo de Ebro, Zaragoza. According to the report, the permit opens the door to replicating this expansion at its facilities in Villanueva de Gállego and Huesca.
Read the flashmerca2.esAn Aon projection indicates that corporate medical plans in Colombia would rise 9.3% in 2027. The increase would exceed the forecast inflation of 5.2% and would be linked to the costs of chronic diseases, according to the information published by Portafolio.
Read the flashPortafolioJuan Camilo Nariño is a candidate for the presidency of ANDI, according to Valora Analitik. The outlet describes his career from trade negotiations to mining, and highlights his guild experience as part of his profile in the race to lead Colombia's industrial business association.
Read the flashValora AnalitikThe dollar opened higher in Colombia on October 29, driven by the Federal Reserve's decision on interest rates. The day's Representative Market Rate is $3,162.35.
Read the flashPortafolioStock markets are trading in anticipation of the European Central Bank's rate decision and the release of US PCE data. The ECB's Governing Council is widely expected to keep its deposit facility rate at 2.50%.
Read the flashValora AnalitikColombia's trade minister proposed including regulations for platforms such as Temu, Shein and Amazon in the upcoming Fiscal Adjustment Law. Fenalco also called for changes to tariffs on apparel, according to Portafolio.
Read the flashPortafolioChristine Lagarde announced her early departure as president of the European Central Bank. Lagarde became the institution's fourth president and its second French one, succeeding Mario Draghi in 2019.
Read the flashLa RepúblicaComfama is focusing its efforts on diversifying revenue and expanding territorially, and multiplied its regional presence in Antioquia sixfold. The compensation fund currently has more than 129,000 affiliated companies and employers.
Read the flashValora AnalitikANDI confirmed it is moving forward with the selection of its next president through a profile evaluation process. Nicolás Uribe, former director of the Bogotá Chamber of Commerce, is listed as a candidate for the guild's presidency.
Read the flashValora AnalitikEuropean Central Bank President Christine Lagarde will leave her post in February 2027, eight months before the end of her term, according to an announcement by the Frankfurt-based institution.
Read the flashDW.comBit2Me, a company backed by Inveready, has been authorized to launch STX and to tokenize shares and bonds, according to webcapitalriesgo.com. The news comes in the context of the MERGE Madrid 2026 event, which examined the growth of stablecoins, blockchain and tokenization in finance, with the participation of executives from Visa, Santander, BBVA, CaixaBank and Bit2Me, among other companies.
Read the flashwebcapitalriesgo.com
