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Lack of Liquidity in Interbank Cause Rise of Rate

The government ordered private banks to buy bonds of Petroecuador during the first days of this week, to reduce liquidity in the market, and not to increase inflation and finance the payment of overdue obligations This instance has generated interbank rates rise to 45% by reduced...
Posted On 13 Sep 2012
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Alianza PAIS asks reelection of Rafael Correa for President

Galo Mora, Executive Secretary of Alianza PAIS (AP), said that the ruling movement will request Rafael Correa‘s reelection for President of the Republic. AP movement’s bases have had 26 conventions nationwide and abroad, and in those conventions, Correa has been acclaimed...
Posted On 13 Sep 2012
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Goalkeeper Muslera admitted to have committed foul to Benitez

This morning, Fernando Muslera, Uruguayan goalkeeper admitted he committed foul against Ecuadorian striker Christian Benítez. Muslera, said that he believed the Paraguayan referee Carlos Amarilla, would charge the fault. “Honestly, he could charge it. There were a smash,...
Posted On 13 Sep 2012
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8 Provinces of Ecuador Declared in Orange Alert Due the Fires

At 13 days from the beginning of the forest fires in Ecuador, the National Secretary of Risk, Maria Pilar Cornejo, reported that the provinces of Pichincha, Imbabura, Carchi, Chimborazo, Cañar, Azuay, Loja and El Oro are on orange alert from now. The Interior Minister, Jose...
Posted On 13 Sep 2012
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New Information on Pedro Delgado’s Credit for the Purchase of his Home in Miami

Currently the Comptroller is investigating the case of Pedro Delgado, president of the Board of the Central Bank (BC), which opened a special review their declarations of assets by buying and financing a home in Miami last December. New data argue that Delgado has no mortgage in...
Posted On 13 Sep 2012
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Orlando Ibarra Talks to Ecuavisa About his Kidnapping

“Since I was captured God was with me, (…) I had tranquility and patience. I wasn’t afraid to die,” said Orlando Ibarra. On August of 2010, Orlando Sigifredo Ibarra Sarmiento was kidnapped by a band of criminals in Ipiales, Carchi. Afterwards he was sol to the National Liberation...
Posted On 13 Sep 2012
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Bakers keep the price of common bread at $ 0.12

The government announced, after a three and a half hours metting with members of the National Federation of Bakers (FENAPAN for its Spanish acronym) at the Ministry of Agriculture, that the price of common bread is going to remain at $ 0.12 until further notice. The announcement...
Posted On 13 Sep 2012
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Pope Benedict XVI will Visit Lebanon

This Friday, September 14, Pope Benedict XVI will make a calling regarding the civil conflicts, especially in Syria. “The spiral of violence (in Syria) and hatred, which are pointless, and to stop financing and arming both the regime and the opposition,” stated the pontiff. The...
Posted On 13 Sep 2012
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Machala prepares to pick new Banana World Queen

Seventeen candidates from around the world are getting ready for the election of the Banana World Queen, to be held on September 22 in Machala. Representatives of Brazil, Argentina, Germany, Colombia, Costa Rica, United States, El Salvador, Guatemala, Mexico, Nicaragua, Panama,...
Posted On 13 Sep 2012
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Pyromaniacs Light Fires at Metropolitan Park

QUITO, Ecuador Officers from the Metropolitan Police of Quito, who were suffocating a fire in the Bellavista neighborhood, observed two people throwing Molotov cocktails at the Metropolitan Park trees. “They fled on a motorcycle after they made the fire,” expressed...
Posted On 13 Sep 2012
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