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Illustration of Colpensiones president demanding transfer of pension funds in a government meeting.
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Colpensiones demands transfer of over 27 trillion pesos from private funds

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Colpensiones president Jaime Dussán demanded during the Council of Ministers the immediate transfer of more than 27 trillion pesos from private pension funds to the public entity for affiliates who switched to the public regime.

The National Institute of Statistics and Censuses reported the consumer price index at 2.6% for April, the lowest reading in ten months.

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Over 200 stores will join the Black Mayorista initiative from Monday 18 to Sunday 24 May to boost consumption. The move comes amid falling sales and slowing inflation.

Repsol chief executive Josu Jon Imaz warned Thursday of periods of complexity in petroleum product supplies across Europe in the coming weeks and months due to the closure of the Strait of Ormuz.

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South Korean stocks surged past the historic 8,000-point mark on the KOSPI index Friday, driven by a continued rally in large-cap tech shares tied to artificial intelligence.

Wall Street markets closed higher on May 13, led by gains in the technology sector ahead of the US-China meeting.

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The OECD projects that the Bank of Japan's policy rate will reach 2 percent by the end of 2027. This is the organization's first survey on Japan since January 2024.

 

 

 

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