Emerging Markets Report: Colombia lifts controls on inflows into equities; stocks rally

NEW YORK (MarketWatch) -- Colombia eliminated capital controls on foreign portfolio investments into its equity market this week in a highly anticipated move that spurred a rally in local shares. The finance ministry said Monday that foreign investors in Colombian stocks will no longer be required to deposit 50% of their investments in a non-interest bearing account in the central bank for six months. In... [read full story]