Colombia's recent entry into the BRICS-backed New Development Bank marks a significant shift in its foreign and economic policy.

During Colombian President Gustavo Petro's visit to China in mid-May, the two countries inked a cooperation plan between the two governments on jointly building the Silk Road Economic Belt and the ...

China and Colombia signed a cooperation plan on the Belt and Road Initiative (BRI) on Wednesday. Signing the cooperation plan with China will promote Colombia's development and allow Colombia to ...

The programs—focused on solidarity, development, civilization, peace and security, and people-to-people connectivity—include a RMB 66 billion yuan (USD $9.2 billion) credit line for CELAC countries’ ...

The fresh credit line, denominated in yuan, will be welcomed in many regional capitals, analysts say, although the funding is not immediately useful to countries struggling to service dollar ...

Xi promised leaders including Brazilian President Luiz Inacio Lula da Silva and Colombian counterpart Gustavo Petro that China would also import more from Latin America and encourage its firms to ...

Meanwhile, Colombian President Gustavo Petro said Monday his nation will join the Belt and Road Initiative, China’s massive global infrastructure development project.

China offered a line of credit to Latin American and Caribbean countries at a summit in Beijing. Leaders such as Brazilian President Lula attended the event, and China's Xi Jinping thinly ...

Last year, reports emerged that Saudi Arabia was considering the use of the "petro-yuan" in global oil trade with China.

The world's largest refiner announced its capacity decrease, when it posted a 52.1 percent year-on-year decline in net profit to 8.54 billion yuan ($1.2 billion) for the third quarter while its ...

When the long-awaited yuan-denominated oil futures launched earlier this year, opinions were split: one camp argued with passion that the days of the petrodollar were numbered, its demise a certainty.