Investing in Ecuador

Deposed President Zelaya Says Will Return to Honduras Tomorrow

Bloomberg Jul 4

Deposed Honduran President Manuel Zelaya said he will return tomorrow to Tegucigalpa, the capital, in a bid to regain power a week after he was ousted by a military coup.

Chevron loses a round over Ecuador's trade status

MarketWatch Jul 1

While praising trade-enforcement language included under Obama administration's approval of favorable status for Ecuador, Chevron's bid to revoke the South American country’s current trade terms comes up short. It would appear to do little to...

Obama extends trade terms for Ecuador

MarketWatch Jul 1

Correa threatens players with the boot

Upstream Online Jun 22

Ecuador's President Rafael Correa threatened to expel foreign oil companies which launch legal challenges against his government.

Petroamazonas seeks partners

Upstream Online Jun 18

Ecuador's state-owned Petroamazonas is looking for partners to develop the Paka Sur, Panacocha and Block 31 projects in Ecuador's eastern jungle, company executive Wilson Pastor said.

Ecuador Buyback ‘Doesn’t Solve’ Country’s Problems, Fitch Says

Bloomberg Jun 17

Ecuador’s buyback of 91 percent of its defaulted bonds “doesn’t solve” the country’s financial problems or bolster its creditworthiness, said Erich Arispe, a sovereign analyst with Fitch Ratings.

Ecuador Plays Bond ‘Market for Fools,’ Aberdeen Says

Bloomberg Jun 16

(Update2) Ecuador President Rafael Correa “played the market for fools” by defaulting on $3.2 billion of debt six months ago and then repurchasing the bonds at less than 40 cents on the dollar, Aberdeen Asset Management Plc said.

Correa Plays ‘Market for Fools’ in Bond Default, Abderdeen Says

Bloomberg Jun 16

Ecuador Expedition Uncovers ‘E.T.-Like’ Salamander

Bloomberg Jun 16

(Update1) An expedition to the pristine forests of Ecuador near the Peruvian border uncovered 12 new species, including a salamander that Conservation International said looked like E.T., the alien from the Steven Spielberg film.

Ecuador Expedition Uncovers ‘E.T.-Like’ Salamander Species

Bloomberg Jun 15

An expedition to the pristine forests of Ecuador near the Peruvian border uncovered 12 new species, including a salamander that Conservation International said looked like E.T., the alien from the Steven Spielberg film.

Ecuador Sovereign Ratings Raised to CCC+ From SD by S&P

Bloomberg Jun 15

Ecuador had its long-term sovereign ratings raised to CCC+ from SD by Standard & Poor’s Ratings Services. The outlook is stable.

[$] Chevron fights Ecuador pollution lawsuit

Financial Times Jun 12

About 916 oil pits used by Texaco Petroleum and PetroEcuador, the state company, are at the centre of what is shaping up to be the biggest environmental lawsuit in history

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