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Wall Street closed the worst week since the beginning of the year, with falls of around 3 percent in its main indicatorsafter receiving data on inflation that does not subside and that will potentially lead the US Federal Reserve to be more aggressive in raising interest rates. The week, which has been shorter due to the Presidents' Day holiday on Monday and therefore more volatile, leaves a cumulative fall of 3 percent in the Dow Jones Industrials; a 2.7 percent drop in the selective S&P 500; and a 3.3 percent loss on the Nasdaq index.(Keep reading: US visa for Colombians:…

Ecopetrol released its report on proven reserves of oil, condensates and natural gas (1P reserves), including its participation in affiliates and subsidiaries, as of December 31, 2022.At the end of 2022, the net proven reserves of the Ecopetrol Group were 2,011 million barrels of oil equivalent (mbe). The reserve replacement rate was 104 percent. (Also read: Ecopetrol Shareholders Meeting will be on Thursday, March 30) Regarding those held at the end of 2021, the company's hydrocarbon reserves only increased 0.4 percentWell, in that year they reached 2,002 mbe after increasing 13 percent. The bad news for Colombia comes from the…

A new advance, of close to one percentage point, records the usury rate for March, standing at 46.26 effective annual percent, as has just been certified by the Financial Supervision, thus resulting in the cost of consumer and ordinary credits. The current rate, 45.27 percent effective per year, will be in effect until Tuesday of the following week.(Also read: New consumer loans have 'cost' banks $1.1 trillion more) For its part, the Current Bank Interest for these same types of loans stands at 30.84 percent, an increase of 66 basis points. With these new limits, new loans, especially consumer loans,…