Tag: Ecuador

• Friday, August 14th 2020 - 10:53 UTC

  Ecuadorean popular ex president under house arrest

  

  A judge in Ecuador on Thursday placed former president Abdala Bucaram under house arrest over his alleged involvement in a corruption scandal blamed in the murder of an Israeli prison inmate, the public prosecutor said.

• Thursday, August 13th 2020 - 06:52 UTC

  Ecuador expects shrimp exports to China to resume soon after Covid-19 dispute

  

  Ecuador expects a quick resolution to a trade dispute with China over traces of coronavirus in a container of exported shrimp that led Beijing to suspend imports from three companies, Ecuador’s production and trade minister said on Tuesday.

• Monday, August 10th 2020 - 07:57 UTC

  Some 340 Chinese vessels fishing off Galapagos Islands protected waters

  

  Ecuador's navy is conducting surveillance of a massive Chinese fishing fleet that is operating near the protected waters of the Galapagos Islands, amid concerns about the environmental impact of fishing in the area of the ecologically sensitive islands.

• Saturday, August 1st 2020 - 06:11 UTC

  Ecuador extends deadline for negotiations with bondholders

  

  Ecuador will extend the deadline for creditors to vote on its US$ 17.4 billion debt restructuring plan to Monday following a lawsuit by a small group of bondholders, the finance ministry said on Thursday.

• Thursday, July 30th 2020 - 09:05 UTC

  Ecuador fishery resources threatened by a fleet of 260 Chinese vessels

  

  Ecuador is on alert due to the appearance of a huge fleet of mostly Chinese-flagged fishing vessels off its Galapagos Islands. Patrols are trying to ensure the fleet - which is made up of around 260 vessels - does not enter the delicate eco-system from international waters.

• Friday, July 24th 2020 - 09:05 UTC

  Ecuador promotes mining but with stricter regulation for waste dams

  

  Ecuador unveiled new, tighter regulations for the design and construction of mining waste dams, seeking to avoid disasters like the tailings dam collapse that killed hundreds at a Vale site in Brazil last year.

• Wednesday, July 22nd 2020 - 08:01 UTC

  Health officials admit Ecuadorean public hospitals and ICUs situation is critical

  

  The situation in the Ecuadoran capital Quito is critical due to the coronavirus epidemic Health Minister Juan Carlos Zevallos warned. Between April and July, public hospitals in Quito - home to 2.78 million - expanded their intensive care units from 61 to 162, Zevallos said in a nightly interview with the Teleamazonas network.

• Tuesday, July 21st 2020 - 08:45 UTC

  Ecuador closer to reach a US$ 17,4bn debt overhaul agreement with bondholders

  

  Ecuador pushed forward with its debt overhaul plans on Monday, requesting a vote among its creditors on reconfiguring the terms of US$ 17.4 billion of its external bonds, with its largest group of creditors backing the proposal.

• Wednesday, July 15th 2020 - 08:56 UTC

  Ecuador's US$ 17,4bn debt restructuring plan faces divided bondholders

  

  Ecuador’s government will likely have to sweeten its offer to creditors in order to reach an agreement to restructure US$ 17.4 billion in bonds, say analysts. The government’s proposal already has the backing of one group of creditors, holding around half of the bonds and including AllianceBernstein, Ashmore and BlackRock.

• Friday, June 5th 2020 - 08:25 UTC

  Ecuador sovereign bond holders form a committee to begin negotiations

  

  Holders of Ecuador sovereign bonds have formed a committee to hold talks with the country's government on a potential re-profiling of the country's external debt, the group said in a statement on Thursday.