Ecuador leader eyes wealth distribution
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Ecuador's president-elect joins a wave of Latin American leaders swept into power opposing the free-market economic policies that are preached by Washington but are hugely unpopular among the region's poor.
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The Venezuelan leader seeks to recover cement assets privatized at the "price of a scrawny hen."
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QUITO, Ecuador  - Ecuador's leftist Rafael Correa, an ally of Venezuelan President Hugo Chavez, appeared to have clinched Sunday's run-off election after polls showed he surged past his banana magnate rival.
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CARACAS, Venezuela President Hugo ChÃÂ¡vez of Venezuela has long pledged to buck Washington-backed economic policies in Latin America. Now, two months after winning reelection and consolidating his hold on the country with new powers to rule by decree, he is strengthening economic ties in the region in a bid to limit U.S. influence....
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QUITO, Ecuador  - Ecuadorean leftist Rafael Correa, an admirer of Venezuelan President Hugo Chavez, was headed for victory following Sunday's presidential run-off after promising broad reforms in the unstable Andean country.
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QUITO, Ecuador, Nov. 26 -- Unofficial exit polls and quick counts suggested that a young reformer promising to break free from the country's traditional power brokers defeated the nation's wealthiest man in Sunday's election to become Ecuador's eighth president in a decade.
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Legal challenge could raise price for nationalization moves by Ecuador, Russia, and Bolivia.
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International Monetary Fund Managing Director Rodrigo de Rato called on Argentine President Nestor Kirchner to increase the country&#39;s budget surplus and regain credibility among investors.
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QUITO, Ecuador  - Ecuador's leftist Rafael Correa, an ally of Venezuelan President Hugo Chavez, appeared close to victory in Sunday's presidential run-off election after exit polls and unofficial counts showed he had surged ahead of his banana magnate rival.
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The visionary Vanguard founder shares his thoughts on the market.
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Venezuela's populist president declared Monday that farmland nationwide would be inspected and some of it given to the poor, expanding agrarian reforms with a pledge to fight "the large estates."
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Mexican tycoon Carlos Slim promises to invest more in Nicaragua after meeting left-wing President Daniel Ortega.
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QUITO, Ecuador, Nov. 26 -- Early returns suggested that a young reformer promising to break free from the country's traditional power brokers defeated the nation's wealthiest man in Sunday's election to become Ecuador's eighth president in a decade.
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Venezuela's economy should grow between 14 and 16 percent this year, led by strength in the country's oil industry, one of the central bank's seven directors said Tuesday.
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CUENCA, Ecuador  - Ecuadoreans have mostly swallowed their chagrin and accepted that their most famous export will for evermore be known as the "Panama hat".
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He talked of grinding poverty and called it "a scandal" that democracy and capitalism have not delivered more to Latin Americans. The working poor need change, he declared. He invoked Simon Bolivar, the "great liberator," and vowed to "complete the revolution" and bring true "social justice" to the...
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Ecuador has started to examine its oil agreements to determine if private companies have breached their contracts with the nation, South Americaâs fifth-largest oil producer, the energy minister said. âA committee will look into all contracts. It will review all we need to review and we are seeking transparency,â the oil minister, Alberto Acosta, said. The nine-member committee of energy officials and specialists is examining exploration and development contracts, which are mostly in the hands of foreign oil companies like Petrobras of Brazil and Repsol-YPF of Spain.