News Ecuador: Key witness problematic in Ecuador bank collapse case
The former president of the Central Bank of Ecuador was set to be a chief witness against former bankers — the Isaias brothers — in a Miami court case but resigned after a deposition revealed he lied about receiving an economics degree.
News Ecuador: Exclusive-Luxembourg banks told to freeze Ecuador assets amid Perenco dispute, documents show
LONDON (Reuters) -A Luxembourg bailiff has ordered banks to freeze assets held by Ecuador in Luxembourg accounts as a result of a dispute over a $391 million settlement award that Anglo-French oil company Perenco says remains unpaid, a document seen by Reuters show. Ecuador's government pledged in June 2021 to honor the debt, awarded Perenco by the World Bank's International Centre for Investment Disputes (ICSID), which ruled Ecuador had unlawfully ended a production-sharing agreement with the company. Ecuador's economy ministry said on Monday afternoon it had not been formally informed of the asset freeze and would establish payment terms for the settlement, which it said was for some $374.3 million.
News Ecuador: Ecuador is where oil opportunity meets risk
(By Oil & Gas 360) – Ecuador's oil and gas sector sits at a familiar but increasingly urgent point: strong resource potential, declining production, and a government actively trying to bring foreign ...
News Ecuador: Ecuador hikes Colombian crude transport tariff by 900%
Colombia's Minister of Trade, Industry and Tourism Diana Morales said at a press conference that her government is reviewing which additional Ecuadorian products will be subject to the new tariffs.
News Ecuador: What Is An Ethereum Spot ETF? What You Should Know
Tracking the performance of an Ethereum Spot ETF. A cryptocurrency network purpose-built to enable smart contracts and decentralized applications, Ethereum is powered by its native token, ether (ETH).
News Ecuador: At 10 years old, Ethereum's future is brighter than ever despite recent setbacks
The current Ethereum bull run has done a 180 from the last, fueled by institutions and digital dollars instead of meme coins and NFTs. Until very recently investors struggled to understand its purpose ...
News Ecuador: How to buy ethereum — and what to know before you do
Ether, the native cryptocurrency used on the ethereum platform, remains significantly more volatile than the S&P 500 for many investors. But it's no longer a moonshot — it's a foundational piece of a ...
News Ecuador: Ecuador’s Pastaza province, Indigenous groups collaborate on forest conservation
CANELOS, Ecuador — An almost invisible trail snakes through thick buzzing forest leading to a chakra, an ancestral food garden in the Kichwa Cuya community located in Ecuador’s largest province, Pastaza. The Kichwa, like other Indigenous peoples throughout the Amazon, use the cleared space in the forest to cultivate yuca, plantain, peanuts, beans and other […]
News Ecuador: Ecuador's Petroecuador declares force majeure over Napo crude exports, sources say
Sources said that Ecuador's Petroecuador state oil company declared force majeure on exports of Napo heavy oil due to the closure of a pipeline and oil wells caused by heavy rains. The weekend's ...
News Ecuador: Rolling Blackouts Cripple Ecuador's Economy
Ecuador's overreliance on hydropower amidst a severe drought has triggered a nationwide energy crisis, resulting in rolling blackouts, economic turmoil, and calls for urgent diversification of the country's energy mix.
News Ecuador: Can Ecuador’s New President End The Security Crisis And Rebuild The Economy?
Ecuador's new president, Daniel Noboa, faces the challenging task of addressing a severe security crisis fueled by violence and cocaine trafficking while rebuilding the country's oil-dependent economy.
News Ecuador: What Is Bitcoin's Price Prediction For 2025?
Forbes contributors publish independent expert analyses and insights. Bitcoin journalist and financial analyst based in London. As 2025 begins, bitcoin's price is a key focus for investors and ...
News Ecuador: What You Need To Know Before Buying Your First Bitcoin
Regulated exchanges like Coinbase and Binance handle a large volume of bitcoin purchases today. They connect to your bank account, verify your identity and let you buy bitcoin with dollars or other ...
News Ecuador: Ecuador’s best bank for real estate: Banco Pichincha
With over 118 years of history, Banco Pichincha is one of Ecuador’s leading banks in real estate financing, in particular in the social and public housing sectors. As the top provider of these loans, ...
News Ecuador: Debt capital markets: Ecuador wakes to a new dawn
Last year was tumultuous for Ecuador. A president was ousted, a spat with the World Bank threatened to get out of hand and there were genuine fears that the sovereign might default. At long last, ...
News Ecuador: Ecuador to Lift 21% Duty on Colombian Imports
Ecuador will cancel a 21-percent tariff on imports from Colombia by the end of the month, the Colombian trade ministry said late on Wednesday, reversing an effort to shield its economy from an influx ...
News Ecuador: What the Lasso Presidency May Mean for Business in Ecuador
On Sunday 11 April, the conservative former banker Guillermo Lasso emerged victorious in Ecuador’s second round presidential election. The victory marked a significant political swing away from the ...
News Ecuador: Ecuador’s Prison Business
The moment a person enters Ecuador’s prison system, they become a resource to be exploited by organized crime and corrupt officials in a criminal economy of staggering dimensions. Whether they are a ...
