Nearly three million people in south-western Colombia were left without electricity after suspected rebel attacks. Officials said they believed bomb attacks on a number of electrical towers caused the blackout, which is affecting three provinces. Energy company Isa said it was trying to import power from neighbouring Ecuador.
Category: Regions
Posted inDaily Brief
Crude Oil Falls
Brent crude oil for October settlement fell $1.21 to $64.85 a barrel on London’s International Petroleum Exchange Monday after producers resumed output in the Gulf of Mexico and the International Energy Agency pledged to release emergency reserves. BP’s Holstein platform in the Gulf has started production, while Royal Dutch Shell and Marathon Oil resumed processing at two refineries in Louisiana over the weekend.
Posted inDaily Brief
Deals
Bavaria Sells OutLondon-based brewer SABMiller is acquiring Colombian brewer Bavaria in a deal with the company’s controlling investors, the Santo Domingo Group. The sale of Bavaria is Latin America’s most […]
Posted inMagazine
Caribbean Dreams
Venezuela’s Petrocaribe aims to help the Caribbean cope with rising oil prices. But with payments deferrable for 25 years, someone’s going to be left holding the bag.
Posted inMagazine
Heading Downstream
Soaring oil and gas prices are pounding Caribbean economies. But Trinidad & Tobago, the region’s largest producer of gas and oil, is flying high.
Posted inMagazine
High Expectations
With the bottom falling out of agricultural markets, Caribbean governments are now being forced to diversify their economies and get serious about economic integration.
Posted inMagazine
Capital Intensive
Mexico’s Carlos Slim is locked in a spending war with Spain’s Telefónica to dominate Latin American telecommunications. Will the winner take all?
Posted inMagazine
Kings and Queens
LatinFinance has compiled its second annual ranking of the 50 most powerful and influential people in Latin America and the Caribbean, spanning business, politics, government, academia and even pop culture.
Posted inMagazine
Market Development
Mexico’s financial markets are growing, and experts say not even the run-up to next year’s presidential election will disrupt confidence.
Posted inMagazine
Looking Beyond the Horizon
Vast oil wealth has made Trinidad & Tobago the Caribbean’s financial center, but limited opportunities at home are driving banks offshore.