BillBigD has written 15 posts

More trouble for American Airlines

AMR Corp. will record a second-quarter charge of $1.1 billion to $1.2 billion as it writes down the value of its smallest regional jets and its aging fleet of McDonnell Douglas MD-80 aircraft. In addition to those noncash charges, AMR said it will incur $70 million in severance-related expenses as it cuts its workforce of 85,500 full-time equivalent employees by about 8 percent, or more than 6,500 jobs. Fuel must come down or the industry is going to be worst shape. ...

Peso $1916COP

Another move up

PESO at $1776

Some will say day 3 of the dead cat bounce.

Peso 9 year high, Interest difference 7.75 highest in 7 years

Colombia's Peso Touches Nine-Year High on Rate Rise Speculation By Andrea Jaramillo June 16 (Bloomberg) -- Colombia's peso rose to a nine-year high on speculation the central bank will lift its key lending rate this week to curb inflation. ``Rising prices of oil and other basic goods such as wheat are feeding into expectations the central bank will raise rates this week,'' said Alvaro Camaro, chief analyst at Stanford Financial Group's unit in Bogota. The peso gained 1.4 percent t ...

Colombia Bank Discussed Need to Bolster Reputation

Colombia Bank Discussed Need to Bolster Reputation (Update1) By Helen Murphy June 6 (Bloomberg) -- Colombia's central bank board at its last meeting discussed the need to ``bolster'' its reputation for being committed to fighting inflation as food and oil prices push the rate above its annual target. Colombian President Alvaro Uribe urged policy makers to cut the benchmark lending rate before the bank's May 23 meeting because the country's economy appears to be slowing. The bank kept ...

Citibank thinks Colombia is the most risky market in Latin America

June 2 (Bloomberg) -- The Colombian government's tightening of capital controls will probably delay the country from getting an investment grade credit rating, Citigroup Inc. wrote. Citigroup strategist Geoffrey Dennis reiterated Colombian equities at ``underweight'' after the Finance Minister raised deposit requirements May 30 on foreign purchases of stocks and bonds to 50 percent from 40 percent. ``This confirms that Colombia is the most risky market in Latin America,'' Dennis wrote in ...

Drug dealer in London killed by Cali Cartel

A drugs baron from Liverpool built up a £200m fortune through his links with the Colombian cartels. But when he tried to cheat the South American traffickers, he was brutally assassinated by a contract killer. Now police across Europe fear an international drugs war between the two syndicates Even by the standards of gangland executions, it was a ruthless hit. The gunman sauntered up to his target outside a gym on a Liverpool council estate. From under his jacket he calmly produced a pump-actio ...

Lan Chile believes exports from Colombia will grow

Lan Rises After Announcing Colombian Cargo Plans (Update2) By James Attwood May 12 (Bloomberg) -- Lan Airlines SA, Chile's biggest air carrier, rose for the first time in six days in Santiago trading after saying it requested approval to create a cargo airline in Colombia. Lan recovered 34.3 pesos, or 0.6 percent, to 5,490 pesos after dropping 11 percent last week. The Colombian unit will add to Lan's cargo operations in Brazil and Mexico, connecting with routes to the U.S. and Eu ...

Colombia's C.I. Racafe & CIA S.C.A. Delivers ``Coffee of the Year''

MINNEAPOLIS--(BUSINESS WIRE)--Colombia’s C.I. Racafe & CIA S.C.A. reached the highest level of coffee supremacy Monday when it took the Gold Award for having the world’s best specialty coffee. C.I. Racafe & CIA S.C.A.’s coffee outperformed more than 120 other coffee producers in winning the Specialty Coffee Association of America’s (SCAA) 2008 Roasters Guild Coffee of the Year Competition. The event took place at SCAA’s 20th Annual Conference & Exhibition in Minneapolis, Minn. SCAA is ...

1784.7500 peso, down pretty big today

Early in the morning

How did the peso do today?

US Market screamed on GOOG numbers.

Airline News

Delta to Join Northwest to Form World's Largest Airline The boards of Delta Air Lines and Northwest Airlines announced a deal late Monday that will create the world's biggest airline and probably trigger other airlines to pursue mergers of their own. ...

Colombia's hurting flower industry

TRADE Growers' profits wilt A U.S economic slowdown and a devaluation of the dollar have hurt the flower industry that's so vital to Colombia An insider's look at the Colombian flower business GUASCA, COLOMBIA — It's rush hour inside the plastic greenhouses and metal sheds at Wayuu Flowers, where farmhands clip 30 varieties of roses, grade their stems and bulbs, and box the bunches for flights to Miami. Valentine's Day is the one day in the middle of the winter when everyone wants roses ...

Cali to Medellin?

Should I take a plane or a bus? I am wondering how long the bus ride would be and if the countryside is worth seeing?

Anyone going to be in Cali during July

Would love to meet up for a drink

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