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Mexican government will invest in train rehabilitation to control migration

In order to prevent migrants board the freight train known as “The Beast”, in their attempt to reach the United States, the government of Mexico announced that it will invest about $ 450 million to rehabilitate the tracks of the aforementioned railway transport. The...
Posted On 28 Aug 2014
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León Febres Cordero Monument was unveiled in Guayaquil

 The people of Guayaquil were present at the unveiling of the bust in honor of the Former President of Ecuador and Guayaquil Former Mayor LeónFebres Cordero, on the Malecón Simón Bolivar. The work, by the Spanish artist Victor Ochoa, remained until 17:00 on Wednesday, August 27,...
Posted On 28 Aug 2014
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Rescuers continue the search for landslide victims in Hiroshima

After the landslides that occurred more than a week ago in this city of southwestern Japan, ten people were still not yet be found this Thursday morning in Hiroshima, where at least 72 died because of the fact. According to police, more than 60% of the victims died of...
Posted On 28 Aug 2014
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Workers Commission talks with members of pension funds

The Commission on Workers Rights of the National Assembly heard 13  of the 17 pension funds representatives that were summoned to give their observations on the draft law that seeks to transfer its administration to the Bank of the Ecuadorian Institute of Social Security (Biess)....
Posted On 28 Aug 2014
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Legislative Commission approves report on Executive veto for the Monetary Code

The Committee on Economic Regime of the Assembly adopted the report of the Executive veto to the Monetary Code. The text suggests that the Assembly fully be subject to 52 of the 56 proposed changes, partially accept two and insist on two articles. The Commission suggests the...
Posted On 28 Aug 2014
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Argentine Congress debates draft legislation to pay debt

The Argentine Congress began yesterday to discuss the draft Sovereign Payment Act, which proposes the Central Bank as fiduciary agent for creditors to collect their debts in Buenos Aires, rather than in New York. Economy Minister Axel Kicillof urged the Congress to support the...
Posted On 28 Aug 2014
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Israel leaves 17,000 homes destroyed in Gaza

The Israeli offensive called Operation “Protective Edge”, which yesterday was suspended indefinitely following an agreement between Hamas and Israel, left some 17,200 houses destroyed, so the reconstruction of housing became the main emergency in Gaza, according to...
Posted On 28 Aug 2014
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Office of the Prosecutor receives report on alleged irregularities in Banco Sudamericano

The Attorney General’s Office will be responsible for defining the process to be given to the case of the liquidation of Banco Sudamericano. On Tuesday, the Superintendency of Banking and Insurance (SBS for its Spanish acronym), referred the report to the entity. The...
Posted On 28 Aug 2014
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Ecuador will have a 47% reduction of its military posts by the year 2017

On Wednesday, the defense minister, Maria Fernanda Espinosa, presented the press with the “new operational design” of the Armed Forces including the relocation of military points, the progressive reduction in manpower and equipment procurement in order to...
Posted On 28 Aug 2014
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Commission would agree with the presidential veto on the Monetary Code

On Wednesday, the chairman of the Commission of Economic Regime of the National Assembly, Oswaldo Larriva, confirmed that they agree with most of the 53 presidential objections to the Monetary and Financial Code, including the authority of the Superintendency of Banks of...
Posted On 28 Aug 2014
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