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MBI News4 articles
Colombia's $9.6B Quake Bill Strains Bonds as Peso Holds Firm
Colombia's earthquake recovery is estimated at $9.58 billion, pressuring bonds as yields rise 30 bps. The peso remains firm, supported by steady coffee exports and high interest rates.
Nu Holdings Starts June Flat Amid Colombia Expansion and Rising Credit Costs
Nu Holdings (NU) opened June flat at $13.13, with a 3.14% five-day gain but a 21.57% year-to-date drop. The company's $130M Colombia expansion and rising credit costs are in focus.
Columbia Threadneedle Manager Buys LSEG, Dismisses AI Threat as Overstated
David Moss, manager of Columbia Threadneedle UK High Income trust, has bought shares in LSEG, dismissing AI fears as overblown. The trust trailed its benchmark with an 18.3% return.
Nu Holdings Edges Up on Nubank's $130 Million Colombia Expansion
Nu Holdings shares edged up 0.4% to $13.03 after Nubank's $130 million Colombia investment and 5 million customer milestone, though the stock is down 22% YTD amid credit quality concerns.