Bloomberg Colombia became the second Latin American nation this week to raise interest rates, cut government spending and announce steps to shore up its currency as commodity prices tumble. A majority of the seven-member board voted to increase the policy rate a quarter point to 6.25 percent, bank Governor Jose Dario Uribe told reporters in Bogota after the meeting. The ...

Bloomberg Argentina persuaded a U.S. judge to drop court orders barring the country from issuing new bonds or servicing its restructured debt, a dramatic shift in the 15-year standoff between the South American nation and its international creditors. U.S. District Judge Thomas Griesa agreed to drop the injunctions once Argentina repeals laws barring payment of its defaulted debt and makes ...

Ritika Sharma / Emirates Business From slashing your dining bills according to the temperature on that particular day; discounts based on stock market plunges to molecular gastronomy adding nitrogen to your food and brunching with dolfins underwater, UAE hotels are exploring innovative food and beverage (F&B) concepts to stay atop and fight the mounting competition in the industry. While some ...