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Espinel Added to the List of Guilty Bankers

Ministry of Agriculture, Ramon Espinel Martinez, has been added to the list of former bankers that are supposed to be responsible for the financial system bankrupt that began on 1998. State newspaper “El Telégrafo” based his information thanks to the initiative of the...
Posted On 21 Dec 2010
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The Banana “Spot” Market Increases

Four weeks ago bananas crate price began to improve. This happens because sale in the “spot” market is getting agreements without prior contract between producers and exporters. Richard Salazar, director of Banana Unit, Ministry of Agriculture, Livestock and Fisheries (MAGAP)...
Posted On 15 Dec 2010
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Producers Against Low Prices of Banana Box

El Oro – Babana producers complain about the failure to pay the official price of the banana box and also accuse exporters for implementing a system to lower prices. Small banana producers are tired of the exporters blackmailing them. Although the official price is $ 5.40...
Posted On 13 Dec 2010
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Correa Proposes More Taxes on Oil

President Rafael Correa proposed to OPEP the application of a new tax in order to fight for the “sustainability of the planet.” “Applying a tax on emissions sources, it would be achieve economic and climate justice because oil consumers will pay more for the...
Posted On 11 Dec 2010
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Internet Sales Exceed $17,500 Million

Internet sales have collected 17,500 million dollars at this holiday season of the year. Retailers like Amazon and Wal-Mart have been making promotions to take advantage of the new trend of shopping. The “Cyber Monday” this year broke the record of online sales,...
Posted On 09 Dec 2010
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Growing unemployment and decreasing jobs in The United States

The United States has some of the highest levels of long-term unemployment — out of work longer than six months. More than 15 million people remained out of work last month, and 6.3 million of them have been unemployed for six months or longer, according to the Bureau of Labor...
Posted On 03 Dec 2010
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Shopping Season Has Began, Black Friday is Here!

Friday’s here, but it’s not a common Friday… it’s Black Friday—the Friday that follows Thanksgiving—, which means the shopping season has officially begun. Many retailer shops have opened their stores early in the morning. You can find excellent deals in clothes, tech items,...
Posted On 26 Nov 2010
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Government to Cense Banana Planters

Banana law for 2011 will regularize illegal banana plantations, establish fixed prices for the entire year, strengthen penalties for exporters who fail to pay the official price of the box of the fruit, among other actions. Richard Salazar, Banana Unit director from the...
Posted On 25 Nov 2010
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Cocoa Sector Begins Diversification

The cocoa industry of Ecuador strengthens its commerce. The city of Guayaquil developed its first International Congress with Cocoa Scent, from the chocolate and grain industry. The congress would end tomorrow with discussions and workshops regarding the quality of chocolate...
Posted On 19 Nov 2010
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China Would Acquire More Banana

Eight companies of China agreed to buy $20 million of banana and fish flour. This was one of the results of the XI Commercial and Economic Commission of Mixed Cooperation, developed yesterday between both Nations. President of the Semquel Company, Freddy Serrano along with a few...
Posted On 18 Nov 2010
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