Investments and Business

Colombia's exports continue to decline, in a trend that began in December, after two years of growth. According to Dane, last January foreign sales reached 3,694 million dollars. The fall was 2.8 percent compared to the same month in 2022, mainly due to a 4.5 percent decrease in exports of the fuel group.Sales of fuels and products from the extractive industries fell to 2,017 million dollars due to a reduction in oil sales.According to the entity, this behavior is mainly explained by the decrease in oil sales, as well as oil derivatives and related products, which registered -19.2%. These factors…

The Financial Supervision after getting out of the war for the purchase of a portfolio that is about to explode in the Colombian credit market. He gave serious warnings to the country's entities so that in this process, which is part of the market's own dynamics, debtors are helped to alleviate their financial burdens and avoid drowning them at alleven more so in a situation of high interest rates, high inflation and a slowdown in the economy.(Also read: Maximum rate at which money can be lent in the country reaches 46.26% in March) What the market authority is seeing is…

The main guideline rate of the federal Reserve US, which has risen for a year to try to contain inflation, could continue to rise beyond 5.1 percent, the ceiling hitherto expected, hide the president of the central bank, Jerome Powell."The latest economic data is stronger than expected, suggesting that the final level of interest rates could be higher than anticipated," Powell told a Senate committee.(You can also read: Development Plan: almost 1,300 proposals have already reached the project) The Fed will update its economic forecasts on March 21 and 22, during its next monetary policy meeting. After several sharp rate…

The purchase of portfolio is a line of credit that consists of the transfer of an outstanding balance with a financial entity to another that offers you better conditions, either payment (interest) or time (installments). By unifying financial obligations, the purchase of a portfolio brings some benefits. For example, make it easier for people to manage their finances responsibly, by providing greater budget control, but also offering the opportunity to obtain a better interest rate than the one agreed with the other bank. When transferring your obligations to another entity, it is necessary to take into account your monthly indebtedness…