$1 million credit card purchases will cost you $250,000 in interest

The usury rate continues unabated, and this time, with the increase it had, February will be the month in which credit card purchases will be the most expensive, at least since 2007. According to the Superfinanciera, for the second month of 2023 the usury rate had a rise of 201 basic points compared to the … Read more

The most valuable of Colombian soccer after reinforcement season

The soccer industry is one of the most lucrative and one that moves the most resources with the transfers of players between clubs. Just to exemplify, the most expensive transfer in history was that of Neymar Jr. from Barcelona to PSG in France, for a value of 222 million euros (US$241.3 million), which is equivalent … Read more

The best fuel efficient cars since 1975

An old Colombian slang saying says that whoever has the whiskey has the ice. And although for many people it is not important how much fuel your vehicle consumesthere is a segment that is demanding in terms of the performance that each car makes per gallon. Many well-known brands such as Honda o Chevrolet have … Read more

Next week, cars with plates ending in 6, 7, 8, 9 and 0 will not circulate for four days

With the change in the peak and license plate in Bogotá, next week cars with license plates ending in 6, 7, 8, 9 and 0 will not be able to circulate for four days. The above, taking into account that there is a change of month, with which there are three odd days in the … Read more

Sacyr will explore the sale of up to 49% of the highways it has throughout the country

Sacyr’s trajectory in Colombia has been meteoric. In less than 10 years, the Spanish infrastructure group has become the largest developer of highway concessions in the country, with six assets totaling more than US$4 billion in investment. If the group’s forecasts are met, this year it will complete the operation of its fourth motorway, the … Read more

World Bank would warn risk of global recession in economic forecasts

Al world Bank he worries that “further adverse shocks” could push the global economy into a recession in 2023, with small states especially vulnerable. The warning is contained in a summary of the semi-annual “Global Economic Outlook” report due to be released on Tuesday and can be viewed on the group’s Open Knowledge Repository website. … Read more

World Bank would warn risk of global recession in economic forecasts

Al world Bank he worries that “further adverse shocks” could push the global economy into a recession in 2023, with small states especially vulnerable. The warning is contained in a summary of the semi-annual “Global Economic Outlook” report due to be released on Tuesday and can be viewed on the group’s Open Knowledge Repository website. … Read more

Bancolombia and Bogotá, the banks that earned the most with $5.5 trillion and $2.8 trillion

Los banks reported accumulated profits of $13.2 trillion up to October and they grew 3.9% compared to September 2022, when they reached $12.7 trillion. The list is led by Bancolombia, which registered profits of $5.5 billion. This entity is followed by Banco de Bogotá, with $2.8 trillion; Davivienda, with $1.1 billion; and Bbva Colombia, with … Read more

The peso ends as the second most devalued currency in the region

A turbulent year for the markets and especially for the emerging currencies ends with a strong dollar as a result of the increases in interest rates by the Federal Reserve and the announcements of a very possible economic recession in 2023. According to Bloomberg figures , the Colombian peso ends up as the second most … Read more

Central banks would seek to get rid of the dollar and focus on buying gold

Financial Times unveiled the rapid pace at which some central banks have begun to acquire ororaising the question of whether the dollar is no longer the main reserve asset. This revolves around the fact that gold has historically represented a haven of value, “and in that sense, On the verge of a slowdown as marked … Read more