Business and Finance
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Business and Finance
Source : (remove) : bnnbloomberg
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Tue, February 18, 2025

by: bnnbloomberg

Colombia Suffered a Low Growth 2024 as Energy Sector Lagged

Colombia suffered another year of weak economic growth as the oil, gas and coal sectors contracted while tight monetary policy held back manufacturing.
Fri, February 14, 2025

by: bnnbloomberg

Storied Peruvian Executive Resurfaces at Canadian Copper Startup

Victor Gobitz has reemerged at the helm of a Canadian startup that has plans to begin copper production in a year and go public in the medium term.
Mon, January 27, 2025

by: bnnbloomberg

MicroStrategy Buys More Bitcoin While Adding Capital Raising Tools

MicroStrategy Inc. bought Bitcoin for a 12th consecutive week and unveiled details for the sale of perpetual preferred stock to help finance additional purchases of the cryptocurrency.
Fri, January 17, 2025

by: bnnbloomberg

The Daily Chase: Carney and Freeland make it official

It's been another eventful 24 hours in Canadian politics as former Bank of Canada head Mark Carney and former finance minister Chrystia Freeland have both officially tossed their hat into the ring to be the next leader of the Liberal Party and Canada's Prime Minister.
Wed, January 15, 2025

by: bnnbloomberg

Trudeau and the premiers meet to discuss a response to Trump's threatened tariffs

Canada's premiers are set to meet with Prime Minister Justin Trudeau and members of his cabinet today to talk about U.S. president-elect Donald Trump's vow to impose steep tariffs.
Thu, December 26, 2024

by: bnnbloomberg

China's Local-Finance Cleanup Opens New Chapter With State Firms

China's latest measures to deal with the financial risks of local officials have centered on a massive debt-swap plan, but a companion step is now drawing attention as a possible new tool.
Tue, December 24, 2024

by: bnnbloomberg

Foreign Investments in Israel Rose in 2024, Government Says

Foreign investments in Israel picked up in the first half of 2024, even as the country was engulfed in a multifront war in Gaza and Lebanon and traded direct fire with Iran.
Thu, December 19, 2024

by: bnnbloomberg

Here's What Fueled Japan's Finance-Led Stock Gain in 2024

This year's equity rally in Japan has laid the groundwork for more potential gains in 2025, on tailwinds from the gradual normalization of monetary policy and a surge in activist investment.
Tue, December 17, 2024

by: bnnbloomberg

Hong Kong Watchdog Searches Finance Firms' Offices in Listings Probe

Hong Kong's securities watchdog last month searched the offices of about a dozen finance firms and individuals as part of a probe of company listings on the Nasdaq Inc. exchange, according to people familiar with the matter.

by: bnnbloomberg

Gulf's Consumer Culture Lures Banks and Private Credit to Region

Governments in the Gulf have been fighting to bring investment onshore, as sovereign wealth funds invest vast sums of money abroad. It's been an uphill battle, but global lenders are taking notice of one niche area: consumer loans.
Mon, December 16, 2024

by: bnnbloomberg

Finance Minister Chrystia Freeland quits cabinet, LeBlanc to replace her

Deputy Prime Minister and Finance Minister Chrystia Freeland has announced she's resigning from Prime Minister Justin Trudeau's cabinet, after she says he told her he no longer wanted her in the top economic post.

by: bnnbloomberg

Trudeau taps LeBlanc as finance minister after Freeland resigns: source

Prime Minister Justin Trudeau's government is reeling as he loses top cabinet ministers, including Finance Minister Chrystia Freeland who was set to release a key economic update on Monday.

by: bnnbloomberg

Justin Trudeau's cabinet bleeds star power on day of key economic update

Prime Minister Justin Trudeau's government is reeling as he loses top cabinet ministers, including Finance Minister Chrystia Freeland who was set to release a key economic update on Monday.
Sun, December 15, 2024

by: bnnbloomberg

Australia Names Fry-McKibbin, Baker to RBA's Rate-Setting Board

McKibbin, who participated in the review of the central bank, and former Bendigo and Adelaide Bank CEO Marnie Baker to the Reserve Bank's new monetary policy committee.
Fri, December 13, 2024

by: bnnbloomberg

Ghana Cocoa Buyers Sidelined as Exporters Fill Funding Gap

Ghana's cocoa regulator's growing dependence on top exporters to help finance bean purchases is leaving local buying companies marginalized and making the world's No. 2 grower and global markets increasingly reliant on big foreign players.

by: bnnbloomberg

HSBC Sent Stenn Into Administration Over Fears About Client List

HSBC Holdings Plc triggered the shuttering of trade-finance firm Stenn Technologies after uncovering transactions that were supposed to be with key customers but were potentially bogus instead, people familiar with the matter said.
Mon, December 9, 2024

by: bnnbloomberg

Japan's Megabanks Are Flush With Cash and Hunting Overseas Deals

(Bloomberg) -- Japan's megabanks are awash in cash and eager to invest.
Sun, December 8, 2024

by: bnnbloomberg

South Korea Set for More Turmoil After Yoon Escapes Impeachment

South Korean President Yoon Suk Yeol managed to avoid impeachment over the weekend by just a handful of votes. But pressure for him to step down is only intensifying.
Fri, December 6, 2024

by: bnnbloomberg

A Sociologist Shines a Light on Traders, Flash Boys and Online Adtech

Colombia Suffered a Low Growth 2024 as Energy Sector Lagged

Colombia suffered another year of weak economic growth as the oil, gas and coal sectors contracted while tight monetary policy held back manufacturing.

In 2024, Colombia experienced a subdued economic growth rate, largely due to underperformance in its energy sector. The country's GDP growth was only 0.6%, significantly lower than the previous year's 7.3%, influenced by a decline in oil and coal production. This downturn was exacerbated by global energy market volatility, reduced investments in exploration, and operational challenges within the sector. Additionally, the broader economic landscape was affected by high inflation rates, which peaked at 13.12% in February 2024, and a restrictive monetary policy aimed at curbing inflation, which in turn dampened consumer spending and business investments. Despite these challenges, sectors like agriculture and manufacturing showed some resilience, although not enough to offset the energy sector's lag.

Read the Full bnnbloomberg Article at:
https://www.bnnbloomberg.ca/business/international/2025/02/17/colombia-suffered-a-low-growth-2024-as-energy-sector-lagged/