Repsol SA, Spain’s biggest crude producer, signed a deal with Ecuador’s government to expand an oil operation in the South American country’s eastern Amazon region, two people with knowledge of the deal said.
Ecuador, where the fatty beans used to make chocolate have been grown since pre-Columbian times, is surpassing Brazil as Latin America’s top cocoa producer after boosting planting and offering education programs for farmers.
Ecuadorean President Rafael Correa ’s proposed changes to domestic securities rules would cut debt sales by about 20 percent and reduce foreign investment, the executive president of the Quito exchange said.
Aliaksei Yafimau shudders at the memory of the burly thug who threatened to kill his relatives. Yafimau, who installs satellite television systems in Babrujsk, Belarus, answered an advertisement in 2010 offering easy money to anyone willing to sell a kidney.
Ecuador’s government is preparing legislation that would turn the country’s two securities exchanges into for-profit companies, a move that could lead to initial public offerings of the bourses, said Monica Villagomez , executive president of the Quito exchange.