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Acknowledging consumer confusion, the government is stepping up its campagin to encourage Ecuadorians to switch from gas to electric cooktops. The Ministry of Energy is posting graphics on its website showing the energy savings of cooking with electricity instead of...
By Ben Casselman In 1994, California Governor Pete Wilson aired television ads showing people scrambling across the Mexican border near San Diego. “The rules are being broken,” a narrator intoned. “Pete Wilson has had the courage to say enough is enough.” Wilson, who...
By Jim Wyss Franklin D. Roosevelt had it, so did Venezuela’s Hugo Chávez and so does Nicaragua’s Daniel Ortega. Could Ecuador’s Rafael Correa be the next president to win the right to consecutive and indefinite reelection? That’s the question the country’s...
By Michael Corkery As government regulators crack down on the financing of terrorists and drug traffickers, many big banks are abandoning the business of transferring money from the United States to other countries, moves that are expected to reverse years of declines...
By Emma Weissmann For the Kichwa people of the Ecuadorian Amazon, teatime isn't an afternoon tradition that pairs dainty finger sandwiches with porcelain cups. Instead, it begins at 3 a.m., when members of this indigenous community gather around a fire and brew...
Ecuador can pursue a lawsuit seeking to recover hundreds of millions of dollars the country claims was fraudulently drained by the owners of Filanbanco SA who subsequently fled the country to live to Miami, a Florida appeals court ruled. Today’s ruling overturns a...
For Colombia this week, two worlds collide. Its captivating side -- led by the tournament's star man James Rodriguez -- is preparing for its first ever World Cup quarterfinal on Friday, hinting at a future full of promise. But that glamor tie against hosts Brazil also...
Jilted by the Cuenca city council, Leonardo Berrezueta has been appointed Azuay provincial governor by President Rafael Correa. It appeared that Berrezueta was in line to be Cuenca vice mayor but the defection of two Alianza País councilwomen denied him the office....
Banana exports top 100 million boxes for first time According to a report from Ecuador’s Association of Banana Exporters, the country exported a record of 102,799,334 boxes of bananas in 2013. In 2012, 93,728,011 boxes were exported. The association says...
Latin America is in a better position to face the effects of the climatic event El Niño, forecast for this year, than on previous occasions due to fiscal improvements in many of the region's economies over the last decade, said Moody's Financial Service in a report....
The general manager and the chief auditor of the failed Cuenca financial cooperative Coopera were found guilty of money laundering by the Azuay Criminal Trial Court on Monday. The crime carries a prison term of six to nine years. Chief Judge Carmita Campoverde issued...
Ecuador's ruling party, Alianza Pais, is pushing ahead with proposed constitutional changes that would allow indefinite re-election of President Rafael Correa and other officials. The controversial changes would also lower the eligibility age to hold the presidency...
For a dirt-road town without running water or a sewerage system, fibreglass Triceratops and T-rex may not be a top priority. The regional government of Arequipa in Peru disagrees, recently approving a 4-million sol ($1.4 million) dinosaur theme park in the arid...
The University of Cuenca team hired by the city of Cuenca to develop a new taxi fare schedule is cautioning local taxi drivers against expecting a large increase over current fares. Victor Aguilar, dean of university economics department, says that his team of...
Ecuador is home to 70,000 political refugees, far more than any country in Latin America. The refugees, almost all of them victims of the Colombian civil war, cost the government $60 million a year. Ecuador Foreign Minister Ricardo Patino hosted a meeting last week of...
Ecuador’s government says new banking regulation legislation is necessary to insure that the country does not suffer another banking crisis like the one that crippled the country in 1990 and 2000. Ecuador’s Minister for Economic Policy, Patricio Rivera, adds that lack...
A former Florida resident and Quito expat admitted in Orlando federal court Wednesday that he operated a prostitution business in Ecuador and coordinated "tours" for Americans to have sex with girls. Federal agents in Central Florida began investigating Patrick Minga...
Despite putting up a heroic fight, Ecuador was eliminated from World Cup play Wednesday in a 0 – 0 draw with France. Ecuador needed a victory or tie from Honduras in its game with Switzerland to advance but didn’t get it, as the Swiss won 3-0. Ecuador put up a...
The Andean Community of Nations (CAN) has temporarily suspended a resolution calling on Ecuador to lift its new import quality standards for the entry of certain imports, which were considered "unnecessarily restrictive" and harmed regional trade. Minister of Foreign...
In a surprise to some analysts, Ecuador sold $2 billion worth of 10-year bonds last Tuesday, marking a return to international capital markets after defaulting in 2008. The deal came on the heels of Kenya's first-ever international-bond sale, which attracted $8...
