Ecuadorean President Rafael Correa announced a 9% increase in the minimum wage for private-sector workers for 2013, a move that may help consolidate his February re-election bid that polls broadly show him favoured to win.
Ecuador's central bank president, Pedro Delgado, resigned on Wednesday after admitting that he did not hold a university degree in economics.
Ecuador's President Rafael Correa said he discussed with his Argentine counterpart Cristina Fernandez the legal dispute with US oil giant Chevron that has spilled over into her country.
Argentine Jewish organizations strongly criticized Ecuador’s president, Rafael Correa after he defended the Iranian government, comparing the 85 people killed in the 1994 AMIA attacks in Buenos Aires with the victims of “NATO bombings in Libya” in 2011.
Ecuadorean president Rafael Correa triggered a serious controversy in Argentina when he defended close links with Iran and downplayed Teheran’s alleged role in the 1994 attack on the AMIA Jewish institution in Buenos Aires that killed 85 people and left hundreds injured.
The Mercosur summit which meets this week, December 6/7 in Brasilia is scheduled to debate the incorporation of Ecuador and Bolivia to the regional block which earlier this year, after waiting since 2006 finally integrated Venezuela as full member.
Ecuador President Rafael Correa officially announced this weekend that he would run for a third term in February elections -- a contest in which he is expected to be the runaway favourite.
An Argentine judge has embargoed up to 19 billion dollars in Chevron assets in connection with an environmental lawsuit by Ecuadorean villagers, a lawyer for the plaintiffs said on Wednesday.
The International Press Institute (IPI) released a final report on its May 2012 press freedom mission to Ecuador, stating that the nation’s private media outlets are being targeted by the government of President Rafael Correa.
As part of an ongoing lawsuit between US Chevron oil and plaintiffs from various Amazonian villages, an Ecuadorian court has ordered the seizure of approximately 200 million dollars worth of the company's assets.