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Colombia Assets Sell Off as Lawmakers Try to Block Tax Rises

Colombia Assets Sell Off as Lawmakers Try to Block Tax Rises Oscar Medina and Sydney Maki, Bloomberg News BC-Colombia-Assets-Sell-Off-as-Lawmakers-Try-to-Block-Tax-Rises , Oscar Medina and Sydney Maki (Bloomberg) Colombia’s peso suffered the biggest sell-off in emerging markets as lawmakers threaten to scupper the government’s attempt to raise taxes, increasing the chances the nation’s credit rating will be cut to junk. The peso extended losses Tuesday and has weakened 2.3% this week, the most among emerging market currencies tracked by Bloomberg. Colombia’s dollar bonds due 2051 have slumped by more than 5 cents since mid-April to 93.1 cents on the U.S. dollar, the lowest in seven weeks, and local peso bonds also sold off.

Colombia Assets Sell Off as Lawmakers Try to Block Tax Rises

Colombia Assets Sell Off as Lawmakers Try to Block Tax Rises Bloomberg 10 hrs ago Oscar Medina and Sydney Maki (Bloomberg) Colombia’s peso suffered the biggest sell-off in emerging markets as lawmakers threaten to scupper the government’s attempt to raise taxes, increasing the chances the nation’s credit rating will be cut to junk. The peso extended losses Tuesday and has weakened 2.3% this week, the most among emerging market currencies tracked by Bloomberg. Colombia’s dollar bonds due 2051 have slumped by more than 5 cents since mid-April to 93.1 cents on the U.S. dollar, the lowest in seven weeks, and local peso bonds also sold off.

Tensions rise in Colombia ahead of national strike

Tensions rise in Colombia ahead of national strike April 27, 2021 Tensions in Colombia are rising as social organizations insist on organizing anti-government protests on Wednesday amid a coronavirus outbreak that has all but collapsed healthcare. Labor unions and other social organizations called for the strike day after the government of President Ivan Duque proposed its third tax reform earlier this month. Some of the organizations additionally claim they would organize street protests “with all biosafety protocols” to demand policies that promote “for life, peace and democracy.” Strike organizers dismiss health minister Health Minister Fernando Ruiz on Monday called on the strike organizers to postpone protests and “join this common effort of society to slow down the” spreading of the virus causing COVID-19.

Murió, por complicaciones de covid-19, alcalde de Titiribí, Antioquia

Murió, por complicaciones de covid-19, alcalde de Titiribí, Antioquia
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