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Cable and telecoms giants Cable & Wireless, NYNEX Corp and Bell Canada International on Tuesday announced the formation of a major new British cable player by merging the operations of their British subsidiaries.
This brings together C&W's Mercury, British cable company Videotron, Bell Cablemedia and NYNEX Cabl... | 2 |
British venture capital firm 3i Group Plc on Thursday reported a rise in first half net asset value (NAV) per share and revenue profits but said it had been held back by continental Europe and a strong pound.
3i's NAV for the period rose to 454 pence per share, from 426 pence in the first half last year, while profit b... | 2 |
European privatisations in 1997 could total a record $53 billion, with the telecommunications and utilities sectors expected to dominate activity, U.S. investment bank J.P. Morgan said in a report on Monday.
"Compared with last year, we expect a significantly higher number of IPOs (Initial Public Offerings)...Italy sta... | 2 |
Britain's Invesco Plc Monday agreed to merge with Houston-based mutual fund company AIM Management Group Inc. in a deal valued at $1.6 billion, creating one of the world's largest investment management businesses.
The deal is the largest in U.S. fund history, industry experts said.
The combined group will be called Amv... | 2 |
A high-profile purge at Deutsche Morgan Grenfell of any managers found to bear responsibility for failing to spot irregular dealings by former fund manager Peter Young is expected next week, banking sources said on Friday.
The investment banking arm of Deutsche Bank is due to complete a preliminary report with accounta... | 2 |
British property group MEPC on Thursday announced a 14 percent increase in pretax profits for the year but said a writedown on a Los Angeles shopping mall had reduced its net asset value (NAV).
MEPC's chief executive said he was pleased with the rise in pretax profits to 140 million pounds ($227.2 million) from 122.6 m... | 2 |
After several shaky starts, Britain's commercial property market looks set to build on some improvement during 1996, but property experts stress there will not be a return to the sort of boom seen during the 1980s.
"This is the "Real Thing'. That is the growing opinion among investors when they consider the recovery no... | 2 |
British fund manager Invesco announced its widely-expected merger with U.S. mutual fund company AIM Management Group on Monday, creating one of the world's largest investment management businesses.
The combined group will be called AMVESCO Plc and have around $150 billion under management. The merger values AIM at appr... | 2 |
Britain's largest home loan lender, Halifax Building Society, said on Thursday it was confident of avoiding any takeover attempt when it floats on the stock market and sheds mutuality for bank status next June.
"We think we can stand on our own feet," David Gilchrist, Halifax's director of corporate affairs said.
The s... | 2 |
Britain's investment watchdog on Thursday punished companies in the Robert Fleming group for rule breaches, with fines totalling 700,000 pounds ($1.09 million).
At the same time Hong Kong authorities secured voluntary compensation of nearly $20 million from a company jointly owned by the Jardine Matheson and Robert Fle... | 2 |
British property company Greycoat is unlikely to crumble under pressure from rebel shareholders who want it broken up or succumb to a merger approach from smaller rival Moorfield Estates, analysts said on Monday.
"I don't think they are on the critical list in any sense or meaning of the word," one analyst said.
A prop... | 2 |
British yachtsman Tony Bullimore's survival for four days in the icy Southern Ocean owes much to the high-tech safety equipment available to the modern sailor.
This year's London International Boat Show was crammed with gadgets such as the Emergency Position Indicating Radio Beacon (EPIRB). It costs 700 pounds ($1,176)... | 2 |
Increased confidence means a third of British companies expect to raise property holdings over the next six months, according to a survey by the Confederation of British Industry (CBI) and property consultants Grimley.
"Business confidence has strengthened markedly compared with six months ago and companies expect a fu... | 2 |
Cable and telecoms giants Cable & Wireless, NYNEX Corp of the U.S. and Bell Canada International on Tuesday announced the formation of a major new British cable player by merging the operations of their British subsidiaries.
This brings together C&W's Mercury, British cable company Videotron, Bell Cablemedia an... | 2 |
Final approval for Lloyd's of London's recovery plan edged closer Wednesday as it declared that over 90 percent of members had accepted a settlement offer aimed at securing the 300-year-old insurance market's future.
Lloyd's said it had been swamped by U.S. investors signing up for its recovery plan after a U.S. appeal... | 2 |
Shareholders in British property company Greycoat on Thursday left a large question-mark hanging over the future of the group, which is currently facing a break-up demand and a merger proposal from a smaller rival.
Greycoat shareholders postponed for three weeks a vote on a proposal to sell off the company's 500 millio... | 2 |
Final approval for Lloyd's of London's recovery plan edged closer on Wednesday as it declared that over 90 percent of members had accepted a settlement offer aimed at securing the 300-year-old insurance market's future.
Lloyd's said it had been swamped by U.S. investors signing up for its recovery plan after a U.S. app... | 2 |
Former Barings executive Ron Baker plans to bring a counter-claim in a lawsuit against him by Dutch bank ING Barings for repayment of a loan he is alleged to have received, his lawyer told Reuters on Friday.
"He (Baker) plans to bring in his own counter-claim into those proceedings and they will be heard together unles... | 2 |
Privately owned British investment bank Robert Fleming on Wednesday announced increased pre-tax profits for the first half of the year which it said underlined its ability to remain independent.
"We are committed to remaining independent. These results, our second best interim results ever, show we can remain independe... | 2 |
It may sound like a dull backwater but the role of compliance has again been thrust into the limelight as yet another respected financial institution was rapped by the authorities this week for breaking the rules.
Compliance officials play a key role in banking and finance, ensuring procedures to safeguard against frau... | 2 |
British merchant bank Hambros, under fire from a rebel Hong Kong shareholder calling for its breakup, reported a return to first-half profit on Wednesday and said the benefits of restructuring should begin to show through.
"We have great confidence in ourselves and what we are trying to do," said Sir Chips Keswick, gro... | 2 |
Following a bumper year in 1996, yet more British companies are likely to be takeover targets in 1997, but much of the merger and acquisition activity will be in the form of agreed deals, corporate financiers say.
"We certainly see the first quarter of next year being very active. There are a lot of transactions in the... | 2 |
Financial services and property group Liberty International Holdings on Thursday unveiled a move into the British pensions market in ventures involving the British Telecom Pension Scheme and pension fund management group Hermes.
Liberty is establishing its own pensions company, Liberty International Pensions, which wil... | 2 |
Britain's Halifax Building Society is confident of avoiding any takeover attempts once it sheds its mutual status and becomes a publicly quoted bank in June next year, a senior official said on Thursday.
"We think we can stand on our own feet," David Gilchrist, Halifax's director of corporate affairs said in a telephon... | 2 |
The "Big Bang" maintained London as one of the world's financial hubs, but 10 years on the role of specialised financial "boutiques" at the heart of the City is under mounting pressure from huge integrated investment banks.
"The wonderful time that there has been for the small boutique since Big Bang is over. The days ... | 2 |
Top managers in major financial firms need to be razor-sharp if the world's increasingly complex markets are to run smoothly, however sophisticated the regulatory regime, regulators and politicians said on Thursday.
"Management needs to know its business. (It) sets the ethos of the company," Alistair Darling, spokesman... | 2 |
The debt restructuring package hammered out between Anglo-French Channel Tunnel operator Eurotunnel and its creditors may not be able to withstand any extra financial demands resulting from last month's fire, secondary debt trading firm Klesch & Co said on Thursday.
"The recent fire onboard a Eurotunnel HGV shuttle... | 2 |
Britain's largest cable operator was born on Tuesday from the merger of the British operations of cable and telecoms giants Cable & Wireless, NYNEX Corp of the U.S. and Bell Canada International.
The deal, which took only five weeks to complete, brings together C&W's Mercury, British cable company Videotron, Be... | 2 |
Financial services and property group Liberty International vowed on Thursday to change the way the British pensions market works with the launch of a new user-friendly subsidiary.
"The market is poised for change, requiring a fresh approach, and our company will provide this by demystifying pensions for everybody - bo... | 2 |
Hunting so-called "fat cats" - the biggest company boardroom earners - may have become a British media obsession but the pay packets of the country's top players are under even closer scrutiny from institutional shareholders.
The latest row, between electronics giant General Electric Co and some of its major shareholde... | 2 |
Singapore's Hotel Properties and property group Canary Wharf on Friday applied for detailed planning consent for a development aimed at injecting life into an office-dominated area of London's former docks.
"Life means people who stay here. We looked at what was lacking (in Canary Wharf) and that was life," Thio Gim Ho... | 2 |
Lloyd's insurance market on Tuesday welcomed a crucial U.S. district court ruling in its favour and said it would extend a deadline for acceptances of a 3.2 billion pound ($5.5 billion) recovery plan.
"We have decided in the circumstances we will keep the offer open," Lloyd's chairman David Rowland said after a distric... | 2 |
Privately-owned British investment bank Robert Fleming on Wednesday announced increased pre-tax profits for the first half of the year which it said underlined its ability to remain independent.
"We are committed to remaining independent. These results, our second best interim results ever, show we can remain independe... | 2 |
Britain's largest cable television company was born Tuesday in the merger of the British operations of cable and telecommunications giants Cable & Wireless, NYNEX Corp. of the United States and Bell Canada International.
The deal, which took only five weeks to complete, brings together C&W's Mercury, British ca... | 2 |
UK investment capital group 3i Group Plc said on Thursday the increase in its first half net asset value (NAV) per share was healthy but had been partly held back by continental Europe and a strong pound.
"Its a pretty healthy increase. Its held back a bit by continental Europe...the markets have not been that good and... | 2 |
The British arm of accountancy firm Coopers & Lybrand, auditors for failed British bank Barings, said on Friday it had issued third party proceedings against nine former directors and employees of the bank.
"Despite the fact that we are not responsible for the collapse of Barings, we face a substantial claim. We ar... | 2 |
Members of the Transport and General Workers Union (T&G) at Tradeteam, the distribution arm of the brewing operation of Britain's Bass Plc, are to vote on strike action over proposed pay cuts, the union said on Friday.
The union said in a statement that the ballot of more than 1,000 workers at Tradeteam would start... | 2 |
British property company Greycoat Plc, under fire from a group of shareholders calling for it to be broken up, said on Monday it was confident of getting the support of its institutional shareholders in rejecting the plan.
"I would be very surprised if they (Greycoat's institutional shareholders) would come down on the... | 2 |
CE Electric, the U.S. energy group, appeared poised to win its hostile bid for British regional electricity group Northern Electric Plc on Tuesday after Britain's Takeover Panel ruled against the target firm.
Late on Monday night the British company lost an appeal to the panel, which polices London's mergers and acquis... | 2 |
Britain's Invesco Plc Monday agreed to merge with Houston-based mutual fund company AIM Management Group Inc. in a deal valued at $1.6 billion, creating one of the world's largest investment management businesses.
The combined group will be called Amvesco Plc and have around $150 billion under management. The merger wi... | 2 |
Britain's Takeover Panel, after battling to defend its policing role of London's busy mergers and acquisitions market against European interference, has ended the year in the spotlight over its handling of CE Electric's bid for Northern Electric.
The non-statutory body has spent much of 1996 campaigning against a frame... | 2 |
British property group MEPC said on Thursday it was pleased with a rise in pretax profits for the year but admitted disappointment at a fall in its net asset value (NAV) to 450 pence per share from 457 pence.
"We feel very confident about the whole of the profit statement. The only slight disappointment is on the NAV s... | 2 |
Embattled British property company Greycoat had the immediate threat of a shareholder call for its break-up removed on Thursday, but the firm still faced an unwanted merger proposal from a smaller rival.
Greycoat welcomed an overwhelming vote against the breakup resolution put forward by the UK Active Value Fund (UKAV)... | 2 |
Privately-owned British investment bank Robert Fleming on Wednesday announced increased pre-tax profits for the first half of the year but warned it would have to contend with some difficult markets in the second half.
Flemings said its pretax profit for the first half of the year had increased by 16 percent to 92.2 mi... | 2 |
Shares in Cable & Wireless (C&W) advanced on Tuesday after investors welcomed news of a deal with NYNEX of the United States and Bell Canada International to create Britain's largest cable operator.
"This was a bold strategic stroke by the (C&W) chief executive," said Chris McFadden, analyst at Merrill Lync... | 2 |
KPMG, one of the world's big six international accounting and consultancy firms, believes investment in infrastructure and technology has put it on track to hasten revenue growth.
"We would like to be growing faster and are committed to growing faster," Jon Madonna, chairman of KPMG International told Reuters in an int... | 2 |
Even if British media and leisure group Pearson decides to sell its interest in merchant banking group Lazards, the bank would not be under immediate threat from larger rivals, banking sources said on Monday.
Marjorie Scardino's accession last week as Pearson chief executive has prompted widespread talk that Pearson wo... | 2 |
British merchant bank Hambros, under fire from a rebel Hong Kong shareholder calling for its breakup, reported a return to first-half profit on Wednesday and said the benefits of restructuring should begin to show through.
"We have great confidence in ourselves and what we are trying to do," Sir Chips Keswick, the grou... | 2 |
Mention moneylending to most Britons and their instant reaction is "you mean loan-sharks!".
But Britain's established credit companies, which lend to people unable to borrow from the high street banks or credit card companies, say the public image of menacing debt collectors is a far cry from how they conduct their reg... | 2 |
British fund manager Invesco announced its widely-flagged merger with U.S. mutual fund company AIM Management Group on Monday, creating one of the world's largest investment management businesses.
The combined group will be called AMVESCO Plc and have around $150 billion under management. The merger values AIM at appro... | 2 |
Police arrested a U.S. pilot carrying a suitcase packed with at least 13.5 pounds (6.2 kg) of high grade heroin at Bogota's international airport on Sunday evening, a prosecutor said.
Bradley Dale Brandt, 40, originally of North Dakota but now living in southern California, was detained as he made his way to board one ... | 20 |
A former German secret agent and his wife were formally charged with abduction on Wednesday after their bid to smuggle a rebel kidnap victim out of Colombia backfired at the weekend.
The charges, announced by the chief prosecutor's office, brought another twist to a brewing scandal that has set the Colombian government... | 20 |
British Petroleum Co Plc considers its Piedemonte prospect in eastern Colombia "fundamental" to its worldwide operations despite drilling problems and wrangles over the exploitation contract, a top company official said Thursday.
John Doust, executive director of BP's local subsidiary, British Petroleum Exploration (Co... | 20 |
Another member of Colombia's main oil workers' union was arrested on terrorist charges, a union leader said Sunday on the eve a meeting to set the start date for a strike that could paralyze the industry.
The capture of Edgar Riano in Huila province Saturday came after the arrest of 12 others Thursday -- 10 of them fro... | 20 |
Colombian President Ernesto Samper decreed an economic emergency on Monday, warning that the "economic and social stability of the country" was under threat.
In a televised speech to the nation, Samper called for urgent belt-tightening measures to cut the central government's yawning fiscal deficit.
The economic emerge... | 20 |
Colombia's President Ernesto Samper announced Tuesday plans to boost revenues by broadening the tax base, and said the 1997 budget would be cut by over a trillion pesos -- a figure higher than the 900 billion pesos previously approved by Congress.
The measures are part of an emergency plan to rein in the yawning fiscal... | 20 |
Moves toward just-in-time roasting and savage cuts in coffee inventories in consumer countries will force exporters, traders and processors to resort to sophisticated financial mechanisms to offset price volatility, the head of the International Coffee Organization said.
ICO chief Celsius Lodder predicted booming growt... | 20 |
A former Colombian rebel leader who masterminded a 61-day takeover of an embassy in Bogota in 1980 on Wednesday urged Peruvian guerrillas holding hostages in the Japanese embassy residence in Lima to keep cool.
Rosemberg Pavon, alias "Comandante Uno" of the now defunct M-19 group, urged the Tupac Amaru Revolutionary Mo... | 20 |
A powerful car bomb rocked a residential district of Medellin early on Monday, killing a woman and injuring at least 48 other people, police said.
About 120 pounds (50 kg) of dynamite packed into a minibus blew up outside the house of Juan Gomez Martinez, a regional newspaper editor, politician and former provincial go... | 20 |
British Petroleum Co Plc gave a lukewarm reception Tuesday to a Colombian proposal that would see it losing almost half the oil-rich Piedemonte field in return for sweeter contract terms on much of the remainder.
The proposal, outlined by Mines and Energy Minister Rodrigo Villamizar to reporters Monday, is the latest t... | 20 |
Colombian police said on Sunday they discovered a second multimillion-dollar drug stash aboard a yacht owned by three Britons being held on cocaine smuggling charges stemming from a bust on the yacht in December.
The three men Michael Hayne, 50, of Egham, Surrey, his son Stephen Alan Hayne, 27, of Ashford, Kent, and Da... | 20 |
Plans are being drawn up for new peace talks between the government and leftist rebels in a bid to end Latin America's longest-running conflict, a spokesman for Colombia's Conciliation Commission said on Sunday.
Diego Vargas Uribe, a member of the semi-autonomous body of former ministers and Church representatives, sai... | 20 |
Colombia's largest guerrilla army said on Wednesday it would not free 60 captive government troops unless a huge swathe of southern jungle was demilitarized.
President Ernesto Samper said on Monday he would honour his pledge to clear 5,400 square miles (14,000 sq km) of Caqueta province but rejected demands by the Revo... | 20 |
At least 23 people were murdered in attacks in central and northern Colombia, including an entire family hacked to death with machetes, police said on Thursday.
Unidentified axe and machete-wielding assailants killed three children, their mother and grandparents early on Thursday in San Miguel de Sema, in central Boyac... | 20 |
Colombian truckers began climbing back behind the wheel early on Friday after their leaders signed a deal with the government to end their crippling 11-day old strike.
Colombian Truck Drivers' Association (ACC) head Javier Suarez said the accord granted an immediate 16 percent raise in cargo freight rates with the prom... | 20 |
Two Germans, thought to be members of a Colombia leftist guerrilla group, were arrested in the northwest of the country early on Sunday as they tried to smuggle a kidnap victim out of the country, police said.
They were seized at Rionegro international airport, near Medellin, at 1 am local time (0600 GMT) as they tried... | 20 |
Colombia has taken the first step to lifting a constitutional ban on extradition but the country's crusading anti-drug prosecutor on Wednesday dismissed the move as virtually meaningless.
Amid threats of a repeat of the bloodbath unleashed by drug gangs against extradition in the late 1980s, a Senate panel approved dra... | 20 |
Colombian stocks have shaken off three years of stagnation to stage a meteoric rise in 1997, but bourse chiefs warn deep-rooted structural problems cloud the outlook for one of the world's best-performing markets so far this year.
The country's two major indices, Bogota's IBB and Medellin's IBOMED, have gained more tha... | 20 |
Leaders of Colombia's three largest labour federations said on Monday they would not sign a new wage and price control pact with bosses and the government, and warned 1997 could be a year of serious social unrest.
They condemned the annual social pact, first introduced by President Ernesto Samper in 1995, as a way of f... | 20 |
Colombia will announce cuts in coffee exports next week under the terms of a beefed up retention plan recently agreed by members of the Association of Coffee Producing Countries (ACPC), coffee czar Jorge Cardenas said on Thursday.
The head of the National Coffee Growers' Federation also said Colombia's internal coffee ... | 20 |
Colombian lawmakers bowed to intense government pressure on Thursday and put the bite back into a bill to strip drug barons of their ill-gotten gains.
If the legislation survives a congressional plenary vote -- likely to be plain sailing after a stormy passage -- it could go some way to appeasing the United States, whi... | 20 |
Colombia's main oil workers' union, USO, known for its fierce nationalism and opposition to multinationals, has merged with a smaller labor organization in a bid to create an industry-wide front, one of its leaders said Tuesday.
The new grouping will target workers not currently represented by any union, primarily thos... | 20 |
The Colombian government this week may sidestep congressional stalling and use special powers to force through stiffer anti-drug laws, Justice Minister Carlos Medellin said.
In comments to local media over the weekend, he also called for the draft laws -- which include confiscating drug barons' ill-gotten gains -- to b... | 20 |
Colombian lawmakers met on Thursday in an 11th hour bid to rescue a bill that would strip drug barons of their fortunes and help avoid U.S. economic sanctions.
An 11-member conference committee was debating whether to override the lower house of Congress and empower the government to seize drug-related assets accumulat... | 20 |
Thousands of demonstrators thronged Bogota's streets on Sunday calling for an end to the crime wave that has turned Colombia into the kidnap capital of the world.
A small bomb exploded minutes before the march began about 100 yards (90 metres) from where demonstrators gathered but did not cause any injuries, police sai... | 20 |
At least 24 soldiers and leftist rebels died in fierce fighting in three provinces of Colombia over the weekend, military sources said on Sunday.
The bloodiest clashes took place on Saturday in the conflict-torn region of Uraba, a banana-growing area in northwest Colombia where guerrillas and right-wing paramilitary gr... | 20 |
Colombia's cocaine kings, Gilberto and Miguel Rodriguez Orejuela, were sentenced to 21 and 18 years in prison respectively on Friday, but had their terms halved for pleading guilty, bringing a swift rebuke from the United States.
Gilberto Rodriguez, who also was fined $8 million, and his brother -- fined $4.4 million -... | 20 |
Colombia's military and leftist rebels are oiling their guns for 1997, a year both sides predict will see Latin America's longest-running guerrilla war finally reach boiling point.
Military experts and human rights activists warn that the simmering conflict is ready to explode as the government and the insurgents harde... | 20 |
A leading lawmaker said on Monday that Colombia would continue to be a "paradise for drug traffickers" unless Congress voted to overturn a 5-year-old ban on the extradition of drug lords and other criminals wanted abroad.
"If we don't end the culture of impunity in Colombia then we have no right to ask for internationa... | 20 |
Colombia denied on Monday that its army was linked to paramilitary death squads and said the world should focus instead on the "cursed alliance" between leftist guerrillas and drug traffickers.
"Narco-guerrilla groups are heading a disinformation campaign throughout the world. ... The United States and the world must w... | 20 |
Colombia's main oil union postponed a decision to launch an indefinite strike in protest against the arrest of 11 members on terrorism charges after top-level talks with the government Sunday night, leaders said.
The 5,700-strong USO union, known for its fiercely nationalistic stance, had been due to set a start date f... | 20 |
A powerful car bomb exploded in the northwest city of Medellin early on Monday, killing one woman and injuring at least 15 other people, police chief Gen. Alfredo Salgado said.
About 120 pounds (50 kg) of dynamite was packed into a minibus and detonated outside the house of Juan Gomez Martinez, a regional newspaper edi... | 20 |
A leading Colombian coffee official on Wednesday played down a potential rift with Brazil over a call to expand the Association of Coffee Producing Countries' (ACPC) export retention plan.
John Naranjo, commercial manager of Colombia's national Coffee Growers' Federation said no decision would be taken on the plan, put... | 20 |
Rescuers struggled on Saturday to recover scores of bodies from the wreckage of a bus that plunged down a deep ravine in the Colombian Andes.
Red Cross officials said 37 people -- all members of a single extended family -- died in the crash and just three passengers survived, including a nine-month-old baby.
The bus ra... | 20 |
Thousands of demonstrators thronged Bogota's streets on Sunday calling for an end to the crime wave that has turned Colombia into the kidnap capital of the world.
At least 1,100 people have been abducted this year -- more than half of those by the warring factions in Colombia's simmering internal conflict -- according ... | 20 |
Colombia's main oil workers' union, known for its fiercely nationalistic stance and opposition to multinationals, will merge with smaller labor organizations to form an industry-wide front, its leader Hernando Hernandez said on Friday.
The 5,700-strong USO union, which currently only represents workers of the state oil... | 20 |
The Colombian authorities hailed Wednesday the U.S. pilot who was killed during an anti-drug mission over guerrilla-infested jungles of southeast Colombia as a "hero fighting the scourge of narco-trafficking."
Robert Martin, 35, of Lubbock, Texas, died when his Turbo Thrush T-65 crop dusting plane crashed in Guaviare p... | 20 |
Four people were killed and at least 33 injured on Tuesday when a powerful bomb ripped through a building in Monteria, the main town of Colombia's northwest Cordoba province, police said.
The blast occurred in the afternoon at the headquarters of the Fondo Ganadero, a fund set up to promote cattle-ranching in the provi... | 20 |
Colombia's Foreign Relations Ministry said on Thursday it would give its "fullest attention" to recent accusations that oil giant British Petroleum was linked to political killings, but denied any official investigation was underway.
In a statement, the ministry said: "The allegations made (against BP) merit the govern... | 20 |
The Ministry of Mines and Energy will investigate drug kingpins' alleged involvement in Colombia's oil industry, a spokeswoman said on Thursday.
State oil company Ecopetrol and a foreign multinational said on Thursday they had awarded multimillion-dollar service contracts to a company now thought to have been headed by... | 20 |
At least four people were killed and scores more injured on Tuesday afternoon when a powerful bomb ripped through a building in Monteria, the main town of Colombia's northwest Cordoba province, police said.
The blast occurred at 3:15 p.m. (2015 GMT) at the headquarters of the Fondo Ganadero, a fund set up to promote ca... | 20 |
The general who led a bloody assault on Colombia's Supreme Court to quell leftist rebels holding 300 hostages in 1985 said on Friday that an attack was an option to end the Japanese embassy residence siege in Lima.
Gen. Jesus Armando Arias said Peru's President Alberto Fujimori should not cave in to the demands of the ... | 20 |
President Ernesto Samper sent a message of condolences to U.S. President Bill Clinton on Wednesday after a U.S. pilot was killed during an anti-drug mission in southeast Colombia.
Robert Martin, 35, died when his Turbo Thrush T-65 crop-dusting plane crashed into dense jungle in Guaviare province Tuesday while he was fu... | 20 |
Colombia moved a step closer to lifting its five-year ban on extradition but backlash from drug traffickers began to be felt on Wednesday as a senator fled abroad to escape death threats.
In the second of eight scheduled congressional votes late on Tuesday, the Senate approved a draft law to overturn the constitutional... | 20 |
Icy relations with Washington appear to be thawing and Colombia has its eyes firmly fixed on overturning its status as an international drug pariah by this spring, diplomats and government officials say.
Colombia spent most of last year smarting at the U.S. decision to "decertify" it -- strike it off its list of allies... | 20 |
A U.S. pilot flying his first anti-drug mission in Colombia was killed when his plane crashed in a jungle area of southeast Colombia on Tuesday, police said.
The pilot was identified by police chief Gen. Rosso Jose Serrano as Robert Martin, 35. He was flying a U.S.-registered Turbo Thrush T-65 crop-dusting plane and ha... | 20 |
Colombia has taken the first step to lifting a constitutional ban on extradition but the country's crusading anti-drug prosecutor on Wednesday dismissed the move as virtually meaningless.
Amid threats of a repeat of the bloodbath unleashed by drug gangs against extradition in the late 1980s, a Senate panel approved dra... | 20 |
When novice torero Ricardo Gomez steps into the arena and faces down a raging bull, only his fast-developing flair and a passion born of poverty lie between him and a gory end.
Art and courage fuse as the 22-year-old swirls his cape and moves with the elegance of a dancer. The rays of the afternoon sun glisten on his S... | 20 |
Latin America's oldest and largest guerrilla army on Wednesday hailed a Peruvian rebel group's storming of the Japanese ambassador's residence in Lima as a "spectacular and well-planned" attack.
Marco Leon Calarca, the international spokesman, based in Mexico City, of the Revolutionary Armed Forces of Colombia (FARC), ... | 20 |
Mexican Foreign Minister Jose Angel Gurria on Thursday criticised the United States for its policy of rewarding or punishing countries based on their measures to fight drug trafficking.
During a visit to Colombia, Gurria said the so-called certification process was a barrier to cooperation in the war on drugs and renew... | 20 |
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