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Colombia's Finance Ministry has denied claims that ideological differences led to the departure of 158 employees since President Gustavo Petro took office. The ministry stated that the workers resigned voluntarily and that no administrative actions were taken against them. The ministry attributed the departures to a "generational handover," with many employees leaving after reaching retirement age. This statement comes after Senator Paloma Valencia published a document referring to the situation as a "labor massacre." Bloomberg has reported that President Petro has been replacing technocrats with loyalists, leading to a loss of institutional knowledge and capacity in the government. [Extracted from the article]

Petro took 50.4% to 47.3% for Hernandez, according to Colombia's election authorities. Keywords: %USD; 13347Z; AGR; ALLTOP; BUSINESS; CLIMATE; CMD; COS; ELECT; FRX; GEN; GOV; HEA; INDUSTRIES; LATAM; MARKETS; NORTHAM; NRG; OIL; POL; US; WORLD; WWTOP EN %USD 13347Z AGR ALLTOP BUSINESS CLIMATE CMD COS ELECT FRX GEN GOV HEA INDUSTRIES LATAM MARKETS NORTHAM NRG OIL POL US WORLD WWTOP Colombia is bracing for the prospect of a radical change in economic and political direction after electing a former guerrilla to the presidency on a platform of transforming the country's business-friendly model. [Extracted from the article]

"Petro will increase the role of the state, with a greater priority in social welfare and less on economic interests", said Mario Gomez, managing partner for Colombia at public affairs and business consulting firm Prospectiva. Keywords: %USD; 13347Z; AGR; BUSINESS; CMD; COS; ELECT; FRX; GEN; GOV; HEA; INDUSTRIES; LATAM; MARKETS; NORTHAM; NRG; OIL; POL; SVC; US; WORLD EN %USD 13347Z AGR BUSINESS CMD COS ELECT FRX GEN GOV HEA INDUSTRIES LATAM MARKETS NORTHAM NRG OIL POL SVC US WORLD Gustavo Petro, a former guerrilla who wants to transform Colombia's business-friendly economic model, was elected to the presidency, potentially setting up the most radical change of course in the Andean nation's recent history. [Extracted from the article]

Keywords: %USD; 13347Z; AGR; ALLTOP; BUSINESS; CMD; COS; ECOTOP; ELECT; FRX; GEN; GENTOP; GOV; GOVTOP; HEA; INDUSTRIES; LATAM; LATTOP; MARKETS; NORTHAM; NRG; OIL; POL; TOP; US; WORLD; WWTOP; WWTOPAM; WWTOPAS; WWTOPEU EN %USD 13347Z AGR ALLTOP BUSINESS CMD COS ECOTOP ELECT FRX GEN GENTOP GOV GOVTOP HEA INDUSTRIES LATAM LATTOP MARKETS NORTHAM NRG OIL POL TOP US WORLD WWTOP WWTOPAM WWTOPAS WWTOPEU Gustavo Petro, a former guerrilla who wants to transform Colombia's business-friendly economic model, was elected to the presidency, potentially setting up the most radical change of course in the Andean nation's recent history. With Petro in office, "the Republicans are going to be very reticent about approving funding for Colombia", Guzman said. [Extracted from the article]

South32 Ltd., a mining company in Colombia, has instructed contractors and suppliers to limit their activities due to community protests blocking access to their nickel operations. While the protests have prevented product from leaving the site, the company has not yet invoked force majeure on contracts with clients. The protests highlight the ongoing struggle between mining companies and local communities seeking greater benefits from mining operations. South32 is committed to dialogue but cannot prioritize one community over another in terms of job opportunities. [Extracted from the article]

REJU1FDWX2PV (Bloomberg) -- Colombia needs to boost tax revenue to finance greater social spending while lowering the nation's high debt levels, according to incoming Finance Minister Jose Antonio Ocampo. Keywords: ALLTOP; BUSINESS; CMD; COS; ECOTOP; ELECT; GEN; GOV; GOVTOP; LATAM; LATTOP; LAW; MARKETS; NRG; OIL; POL; WORLD EN ALLTOP BUSINESS CMD COS ECOTOP ELECT GEN GOV GOVTOP LATAM LATTOP LAW MARKETS NRG OIL POL WORLD Colombia needs to boost tax revenue to finance greater social spending while lowering the nation's high debt levels, according to incoming Finance Minister Jose Antonio Ocampo. [Extracted from the article]

Restrepo, who chairs the central bank's board, said policy makers need to continue with the tightening cycle to control rising prices and inflation expectations. Keywords: AGR; ALLTOP; BON; BUSINESS; CMD; CONS; CONSS; COS; ECOTOP; ELECT; GEN; GOV; INDUSTRIES; LATAM; LATTOP; MARKETS; NRG; OIL; POL; TOP; WORLD; WWTOP; WWTOPAM EN AGR ALLTOP BON BUSINESS CMD CONS CONSS COS ECOTOP ELECT GEN GOV INDUSTRIES LATAM LATTOP MARKETS NRG OIL POL TOP WORLD WWTOP WWTOPAM (Bloomberg) -- Colombia will reduce tariffs on almost 200 items likely starting next week as part of efforts to help curb the fastest inflation since 2016, according to one of the nation's top economic policy makers. [Extracted from the article]

Keywords: 234711Z@NA; GRUPOARGCB; GRUPOSURCB; NUTRESA@CB; ALLTOP; BASIC; BLD; BNK; BUSINESS; CONS; CONSS; COS; FIN; INDUSTRIES; LATAM; LATTOP; STKTOP; TOP; WEALTH; WORLD; WWTOP; WWTOPAM EN 234711Z@NA GRUPOARGCB GRUPOSURCB NUTRESA@CB ALLTOP BASIC BLD BNK BUSINESS CONS CONSS COS FIN INDUSTRIES LATAM LATTOP STKTOP TOP WEALTH WORLD WWTOP WWTOPAM It controls Colombia's largest bank, food manufacturer, and cement maker. If Gilinski is successful, he'll also win control of the 13% stake Nutresa owns in financial conglomerate Grupo de Inversiones Suramericana SA, and the 9.5% it owns in Grupo Argos SA, which runs cement, energy, airport and infastructure businesses. [Extracted from the article]

Mexico's central bank on Thursday will boost its benchmark rate by a quarter-percentage point to 5.25%, according to 17 of 25 economists surveyed by Bloomberg, with the remainder expecting a half-point increase. Colombia: Third Straight Hike Current rate: 2.5% Decision time: Friday, 1 p.m. ET Colombia's central bank is expected to hike for the third straight time, after annual inflation accelerated to 5.26% last month, its fastest pace in nearly five years. [Extracted from the article]

QVA29GT0AFB5 (Bloomberg) -- A helicopter carrying President Ivan Duque was fired on over a cocaine-producing region in eastern Colombia near the border with Venezuela. ALLTOP, BUSINESS, COS, GEN, GENTOP, GOV, LATAM, LATTOP, TERROR, TOP, WORLD, WWTOP, WWTOPAM Keywords: ALLTOP; BUSINESS; COS; GEN; GENTOP; GOV; LATAM; LATTOP; TERROR; TOP; WORLD; WWTOP; WWTOPAM EN ALLTOP BUSINESS COS GEN GENTOP GOV LATAM LATTOP TERROR TOP WORLD WWTOP WWTOPAM A helicopter carrying President Ivan Duque was fired on over a cocaine-producing region in eastern Colombia near the border with Venezuela. [Extracted from the article]

QQL9BRT0AFB8 (Bloomberg) -- Colombia's central bank voted unanimously to reject arguments for more stimulus, ending the split between board members seen at the previous two monetary policy meetings. Keywords: %COP; BASIC; BNK; BON; BUSINESS; CMD; CONS; CONSS; COS; FIN; FRX; GOV; INDUSTRIES; LATAM; MARKETS; METMNG; WORLD EN %COP BASIC BNK BON BUSINESS CMD CONS CONSS COS FIN FRX GOV INDUSTRIES LATAM MARKETS METMNG WORLD Colombia's central bank voted unanimously to reject arguments for more stimulus, ending the split between board members seen at the previous two monetary policy meetings. [Extracted from the article]

The Colombian economy contracted 6.8% last year, the worst slump since records began, and the central bank forecasts that it won't get back to pre-pandemic levels until the end of next year. Keywords: %COP; ALLTOP; BASIC; BNK; BON; BUSINESS; CMD; CONS; CONSS; COS; FIN; FRX; GOV; INDUSTRIES; LATAM; LATTOP; MARKETS; METMNG; TOP; WORLD EN %COP ALLTOP BASIC BNK BON BUSINESS CMD CONS CONSS COS FIN FRX GOV INDUSTRIES LATAM LATTOP MARKETS METMNG TOP WORLD Colombia's central bank rejected arguments for more stimulus to boost the weak economy on concern that investors might react by pulling money out of the country. [Extracted from the article]

13347Z, ALLTOP, BON, BUSINESS, COS, FRX, GLOBALMACR, GOV, LATAM, LATTOP, MARKETS, WORLD Keywords: 13347Z; ALLTOP; BON; BUSINESS; COS; FRX; GLOBALMACR; GOV; LATAM; LATTOP; MARKETS; WORLD EN 13347Z ALLTOP BON BUSINESS COS FRX GLOBALMACR GOV LATAM LATTOP MARKETS WORLD Colombia's attempt to absorb hundreds of thousands of undocumented Venezuelan migrants into its workforce will boost the economy's productive capacity, according to the International Monetary Fund. [Extracted from the article]