What just happened, in one line and with a link to the source.
The Fourth Commission of Congress appointed the representatives who will serve as rapporteurs for the processing of an addition of nearly 4 trillion pesos to the 2026 Budget. Those appointed have up to fifteen calendar days to file the report.
Read the flashValora AnalitikCanada's inflation stood at 3.1%, driven by gasoline prices, which rose 27.8% year over year last month. Excluding food and energy, inflation held at 2.1%, according to the report published by La República.
Read the flashLa RepúblicaThe Evaluation Committee approved two projects by gas transporter TGS to separate, transport and export natural gas liquids from Tratayén to Bahía Blanca, with a 577-kilometer pipeline, according to Bloomberg Línea. The initiative, described by the outlet as a multibillion-dollar NGL plant, joins the RIGI regime and envisions exports starting in 2030.
Read the flashBloomberg LíneaPazdelRío asked to keep the tariff on steel coming from Russia and China in order to protect domestic industry. According to the information, Decree 1294 of October 18, 2024 set a 30% rate that was added to the 5% already in force and which remains in effect.
Read the flashPortafolioMore than 700 members of Distrito Centinela and Minera Esperanza in Chile approved a new contract and ended the strike they had begun on October 7 after contract talks failed.
Read the flashLa RepúblicaThe dollar opened steady at $3,170 in Colombia on a day when crude retreats following the United States' relief of sanctions on Russia's energy sector. Globally, the DXY index continues to hold the 101.70-point floor.
Read the flashValora AnalitikFrench bonds fell to two-week lows amid widespread protests. The spread with Italian yields reached a new record, while the euro weakened and the CAC 40 index dropped 1.5%.
Read the flashLa RepúblicaDigital dollar platforms are gaining ground in Colombia and increasing competition for banks and exchange houses, according to Portafolio. These platforms offer alternatives for receiving payments from abroad, with different fees and processing times.
Read the flashPortafolioThe company PazdelRío requested that the 35% tariff on wire rod imports be maintained. According to the company, the measure has helped mitigate distortions in the international steel market.
Read the flashLa RepúblicaThe dollar opened the session higher at COP 3,188.77, COP 14.1 above the day's TRM, which stood at COP 3,174.67. Meanwhile, Brent crude futures fell US$1.98, or 1.8%, to US$107.88 a barrel, after closing Friday at their highest level since May 19.
Read the flashLa RepúblicaCorficolombiana raised the idea that a desirable increase for the 2027 minimum wage would be 8%. The corporation also noted that CARF estimates found that a 23% increase in the minimum wage would raise the fiscal deficit by about 5.3 trillion pesos in 2026.
Read the flashValora AnalitikAt the end of the week, the MSCI Colcap index of the Colombian Stock Exchange posted a gain of 1.39% in its weekly accumulated performance, with an accumulated volume of COP 744,446 million.
Read the flashValora AnalitikEcopetrol announced it is activating and strengthening domestic gas production to address supply shortages. The energy company proposed accelerating the development of Sirius and other energy assets in order to resolve the gas supply deficit it described as inherited.
Read the flashLa RepúblicaBogotá will expand the use of the smart 'anti-fare-evasion' gates that already operate at 49 TransMilenio stations, according to Portafolio. The technology aims to control access to the city's public transport system and its use will be extended to other stations.
Read the flashPortafolioBogotá's Terminal will accept payment of the usage fee through the digital channel of Copiloto, CCO Credibanco's solution. According to the published information, Copiloto already operates payment solutions at four other terminals in the country, where more than 50% of operating payments are digital.
Read the flashLa RepúblicaEcopetrol declared void the process to purchase imported gas for the Pacific and Puerto Bahía regasification terminals. The company added that during this administration there has been a decline in the industry due to the lack of exploration of new fields.
Read the flashValora AnalitikGold is trading at US$4,171.65 per ounce, driven by falling oil prices, according to La República. The outlet notes that while gold is often seen as a hedge against inflation, rising interest rates reduce the appeal of this asset, which pays no interest.
Read the flashLa RepúblicaAt the start of the week on Monday, October 19, the euro registers a decline against the Colombian peso and trades at $3,557.80, according to Portafolio.
Read the flashPortafolioThe Representative Market Rate of the day in Colombia is 3,174.67 pesos, according to the information published on the dollar's quotation this Monday, October 19.
Read the flashPortafolioThe president of Asocajas said in an interview that the Family Compensation Funds are one of Colombia's main social assets. She highlighted the System's contribution to family welfare and the opportunities to strengthen its role amid the country's transformations.
Read the flashValora AnalitikBrent crude futures fell US$1.98, or 1.8%, to US$107.88 a barrel in a session marked by the lifting of US sanctions on Russia, according to La República.
Read the flashLa RepúblicaColombia's Congress has until tomorrow to approve the 2027 budget. The corporation's General Secretariat called a new session for this Monday, October 19, at 10:00 a.m., according to La República.
Read the flashLa RepúblicaChina's economy grew 4.5% year on year in the third quarter, slightly above expectations, according to Valora Analitik. The figure comes in a premarket session in which investors are preparing for a week of corporate earnings and oil prices are falling.
Read the flashValora AnalitikPharmaceutical company Cimed has begun the international expansion of its Carmed brand with its entry into Portugal, Bloomberg Línea reported. The brand's lip balm is a sales success among children and teenagers. Company vice president Karla Felmanas said Latin American markets are the brand's "natural route".
Read the flashBloomberg Línea
