Latest news with #Colombia
Yahoo
4 hours ago
- Sport
- Yahoo
Relief for América de Cali: Cristian Barrios moves further from Junior
Cristian Barrios has been a key piece in the last semester of América de Cali, which is why his name begins to resonate in the transfer market, and generates concern in the team that will now be led by Gabriel Raimondi. It was known that Gimnasia y Esgrima de La Plata had started proceedings to sign him, an interest that the Argentine club had already shown at the beginning of the year. But the 'Wolf' withdrew from the negotiations, presumably worried about the ankle injury that Barrios suffered in the Copa Sudamericana, which would still take some time to recover. Advertisement In this context, Junior de Barranquilla appeared, which these days has seemed very linked to América in the transfer market (including rumors about Juanfer Quintero). With the arrival of Alfredo Arias to the bench of the Shark, the team seeks to reassemble with figures. However... Is Cristian Barrios moving away from Junior? Although several versions put the player on Junior's radar, at the express request of Alfredo Arias to strengthen the attack, journalist Diego Rueda reported that there would be "difficulties" to sign him. Thus, the reporter adds, Junior would go for another option: Jhon Fredy Salazar, the right winger who has had a good season with Águilas Doradas and would be the chosen one to fulfill the wishes of coach Arias. Advertisement This article was translated into English by Artificial Intelligence. You can read the original version in 🇪🇸 here. 📸 LUIS ROBAYO - AFP or licensors
Yahoo
4 hours ago
- Business
- Yahoo
Moody's Affirms Ecopetrol's Global and Standalone Credit Ratings
BOGOTA, Colombia, June 27, 2025 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) (the "Company" or "Ecopetrol") announces that the credit rating agency Moody's has affirmed the Company's global credit rating at Ba1 with a stable outlook. The agency also confirmed Ecopetrol's standalone rating at b1. Moody's stated that the Ba1 global rating reflects Ecopetrol's position as Colombia's leading oil and gas producer, as well as its significant power transmission business in Colombia and other Latin American countries. The aforementioned factors support a global rating that is three notches above the Company's standalone rating, including the backing of the Colombian government through the gradual phase-out of fuel subsidies, as well as the reduction in accounts receivable related to the Fuel Price Stabilization Fund (FEPC), both of which have contributed to strengthening the Company's liquidity. Regarding the standalone rating, Moody's highlighted the strength and stability of the Company's cash flow, further supported by its power transmission subsidiary (ISA) and midstream affiliates, which together contributed 18% to EBITDA in 2024. The report issued by the rating agency on June 27, 2025, announcing the rating affirmation, can be accessed in the link below: Ecopetrol is the largest company in Colombia and one of the main integrated energy companies in the American continent, with more than 19,000 employees. In Colombia, it is responsible for more than 60% of the hydrocarbon production of most transportation, logistics, and hydrocarbon refining systems, and it holds leading positions in the petrochemicals and gas distribution segments. With the acquisition of 51.4% of ISA's shares, the company participates in energy transmission, the management of real-time systems (XM), and the Barranquilla - Cartagena coastal highway concession. At the international level, Ecopetrol has a stake in strategic basins in the American continent, with Drilling and Exploration operations in the United States (Permian basin and the Gulf of Mexico), Brazil, and Mexico, and, through ISA and its subsidiaries, Ecopetrol holds leading positions in the power transmission business in Brazil, Chile, Peru, and Bolivia, road concessions in Chile, and the telecommunications sector. This release contains statements that may be considered forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. All forward-looking statements, whether made in this release or in future filings or press releases, or orally, address matters that involve risks and uncertainties, including in respect of the Company's prospects for growth and its ongoing access to capital to fund the Company's business plan, among others. Consequently, changes in the following factors, among others, could cause actual results to differ materially from those included in the forward-looking statements: market prices of oil & gas, our exploration, and production activities, market conditions, applicable regulations, the exchange rate, the Company's competitiveness and the performance of Colombia's economy and industry, to mention a few. We do not intend and do not assume any obligation to update these forward-looking statements. For more information, please contact: Head of Capital MarketsCarolina Tovar AragónEmail: investors@ Head of Corporate Communications (Colombia) Marcela Ulloa Email: View original content: SOURCE Ecopetrol S.A. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 hours ago
- Business
- Yahoo
S&P Global Ratings affirms Ecopetrol's Stand-Alone Credit Profile (SACP) while adjusting its global credit rating
BOGOTA, Colombia, June 27, 2025 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC, the "Company") informs that on June 27, 2025, the credit rating agency S&P Global Ratings downgraded Ecopetrol's global credit rating from BB+ to BB and maintained the negative outlook. This action is aligned with the downgrade of the Republic of Colombia's sovereign rating on June 26, 2025. Additionally, the agency affirmed Ecopetrol's Stand-Alone Credit Profile (SACP) at bb+. In its report, S&P stated that Ecopetrol's global rating was adjusted in line with Colombia's sovereign rating and remains capped by it, due to the Company's significance in national revenue generation, its status as a government-related entity, and its role in the country's energy transition. The negative outlook on Ecopetrol reflects the sovereign's outlook. Regarding the stand-alone rating, the agency expects Ecopetrol to maintain its leverage ratio (debt/EBITDA) between 2.0x and 2.5x, with an EBITDA margin close to 40%. S&P also positively highlighted the Company's 2040 strategy, which focuses on growth prospects, reserve replacement, high operational availability of refineries, and strengthening the investment portfolio through business diversification. The full report issued by the agency on June 27, 2025, announcing the rating action, can be accessed in the link below: Ecopetrol is the largest company in Colombia and one of the main integrated energy companies in the American continent, with more than 19,000 employees. In Colombia, it is responsible for more than 60% of the hydrocarbon production of most transportation, logistics, and hydrocarbon refining systems, and it holds leading positions in the petrochemicals and gas distribution segments. With the acquisition of 51.4% of ISA's shares, the company participates in energy transmission, the management of real-time systems (XM), and the Barranquilla - Cartagena coastal highway concession. At the international level, Ecopetrol has a stake in strategic basins in the American continent, with Drilling and Exploration operations in the United States (Permian basin and the Gulf of Mexico), Brazil, and Mexico, and, through ISA and its subsidiaries, Ecopetrol holds leading positions in the power transmission business in Brazil, Chile, Peru, and Bolivia, road concessions in Chile, and the telecommunications sector. This release contains statements that may be considered forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. All forward-looking statements, whether made in this release or in future filings or press releases, or orally, address matters that involve risks and uncertainties, including in respect of the Company's prospects for growth and its ongoing access to capital to fund the Company's business plan, among others. Consequently, changes in the following factors, among others, could cause actual results to differ materially from those included in the forward-looking statements: market prices of oil & gas, our exploration, and production activities, market conditions, applicable regulations, the exchange rate, the Company's competitiveness and the performance of Colombia's economy and industry, to mention a few. We do not intend and do not assume any obligation to update these forward-looking statements. For more information, please contact: Head of Capital MarketsCarolina Tovar AragónEmail: investors@ Head of Corporate Communications (Colombia)Marcela UlloaEmail: View original content: SOURCE Ecopetrol S.A. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
7 hours ago
- Business
- Yahoo
Corn Showing Slight Losses on Thursday
Corn futures are showing fractional to 2 cent losses across most front months on Thursday. The front month CmdtyView national average Cash Corn price is down 1/4 cents at $3.87. Export Sales data was released this morning, with USDA showing 741,226 MT of old crop corn sold in the week of June 19 in the middle of the trade ideas of between 0.5 and 1.2 MMT. That was the lowest since the first week of 2025, but still 36.7% above the same week last year. Colombia was the top buyer of 191,000 MT, with 178,900 MT sold to Japan. Sales for 2025/26 were near the top end of the 100,000 and 350,000 MT estimates at 305,506 MT, a 6-week high. Mexico was the lead buyer of 138,500 MT, with 124,000 MT to unknown destinations. Coffee Prices Extend 2-week Plunge as Frost Risks Recede in Brazil West African Cocoa Crop Optimism Weighs on Prices Sugar Prices Boosted by Strength in Crude Oil Prices Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. USDA will release their June Acreage report on Monday. Traders are looking for an average of 95.4 million acres planted this spring, which would be slightly below the March Intentions report. The range of estimates is a wide 93.8 to 96.8 million bushels. The International Grains Council trimmed their world production estimate by 1 MMT to 1.276 billion MT, with consumption up 1 MMT. Their carryout estimate for world corn was down 2 MMT to 282 MMT. Jul 25 Corn is at $4.09 3/4, down 1/2 cent, Nearby Cash is at $3.87, down 1/4 cent, Sep 25 Corn is at $4.04 1/4, down 3/4 cent, Dec 25 Corn is at $4.21 1/4, down 1 1/4 cents, New Crop Cash is at $3.78 1/4, down 1 cent, On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio
Yahoo
8 hours ago
- Sport
- Yahoo
Liverpool forward to STAY after dramatic transfer U-turn
Liverpool won't pay Diaz's demands But Liverpool seem reluctant to meet those demands. If Diaz is a little disappointed by that stance, it's perfectly understandable. After all, he scored 13 goals as the Reds won the Premier League title last season. He was a key figure under Arne Slot, despite his modest Liverpool career up to that point. Advertisement Barcelona, Bayern Munich and clubs in Saudi Arabia would all happily have Diaz - but Liverpool have been steadfast in their €80m valuation of the player. As such the market is quite restricted for Diaz unless Liverpool compromise on the fee. The latest report from Colombia also suggests that Diaz is, in fact, dismayed by Liverpool's stance over letting him leave. Diaz is annoyed at Liverpool Pipe Sierra, who regularly reports on Diaz and other Colombians in Europe, suggests that Diaz's entourage believe Liverpool haven't lived up to their promises. 'Luis Díaz and his camp are annoyed with Liverpool's stance,' Sierra wrote on X. 'They feel the club has gone back on their word (yet again with the player). Advertisement 'Something similar happened before with his contract renewal and now with the possibility of a transfer.' So what's changed? The journalist seems to be suggesting that Liverpool previously informed Diaz he would be free to leave this summer. But now it appears the club have told him he will be staying.
