Category

The price of West Texas intermediate oil (WTI) closed yesterday at $ 47.05 per barrel, affected by new data indicating an increase in the storage of crude oil in the United States. Oil had a minimal drop in yesterday´s session to $ 46.86. In the end it recorded a decline of $...

Through the executive decree 607, this March 12 the ‘drawback’ mechanism was made official for exporters of products affected by the appreciation of the dollar. It is a simplified procedure for conditional tax refund to foreign trade; i.e., tariffs and tax burdens for...

Blasco Peñaherrera Solah, President of the Chamber of Commerce of Quito, expressed his rejection to the measure of tariff surcharges for 2800 subheadings of imported products that took effect since Wednesday. Peñaherrera said that the measure is unconstitutional and illegitimate,...

Rodolfo Gonzalez, 63, accused as one of the organizers of anti-government protests of early 2014, committed suicide in a prison of the intelligence service (SEBIN) at early hours of Friday, reported his lawyer. “After he was confirmed he would go to an ordinary prison,...

The Attorney General’s Office said today that it requested the judges of the National Court of Justice (CNJ for its Spanish acronym) to sentence Pedro D. for the crime of bank embezzlement. The order would be based on the evidence presented during the trial hearing of the...

Yesterday, the collective Yasunidos asked the Ministry of Environment to be allowed to go to the oil blocks 31 and 43, located in the Yasuni National Park. They indicate that the objective would be to check the levels of deforestation and expansion of built roads. The group...

The International Court of The Hague issued this Thursday, March 12 an interim award in which it recognizes that the lawsuit against Chevron should recognize the individual rights of Ecuadorians. This ruling of the Court of The Hague was produced with a 2-1 split vote, which has...

Compromiso Ecuador yesterday presented an amicus curiae before the Constitutional Court. The group is led by Guillermo Lasso, Cesar Montufar, Fausto Cobo, Francisco Jimenez and representatives of about 100 organizations that comprise it. This is one of the resources that can be...

President Rafael Correa inaugurated on March 12 the first fishing port of Manabi. This work stands on 14 hectares to directly benefit 2,500 artisanal fishermen and, indirectly, more than 10,000 people. The investment, through the Ministry of Agriculture, Livestock and Fisheries,...

US and Cuba launched direct telecommunications connection between the two countries, “initially” only for phone calls, but could be extended to other links in the future, said on Wednesday the Cuban state enterprise Etecsa. “It has established a direct...