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CNN —Early results from Ecuador’s referendum suggest President Daniel Noboa has won public backing for security measures aimed at boosting his war on crime. And the good news for Noboa was compounded Monday when police announced they had arrested a notorious alleged gang leader. Both those proposals would require modifying Ecuador’s Constitution, which currently forbids the extradition of Ecuadorians under any circumstances. Gang leader arrestedIn another boost for Noboa, police said in a post on X that they had arrested notorious alleged gang leader Fabricio Colon Pico on Monday morning. Thirty-eight other inmates had escaped along with Colon Pico, of which 12 have since been recaptured, Ecuador’s penitentiary service told CNN.
Persons: Daniel Noboa, Noboa, , Guillermo Lasso, Fabricio Colon Pico, Colon Pico, Diana Salazar, Colon Pico’s jailbreak, – José Adolfo Macías, Choneros – Organizations: CNN, National Electoral Council, National Assembly, Noboa, Los Lobos Locations: Ecuadorians, Quito, Ecuadorian, Riobamba
Macías’ prison cell is seen in these videos filmed by members of the military last year. Los Choneros and their main rival, Los Lobos, are believed to be allied with Mexican drug cartels in a war for dominance over Ecuador’s drug trade. Los Lobos saw an opening amid a violent power struggle in Los Choneros when Macías became its leader in 2020, say experts. In a music video shared online last year, the Los Choneros leader can be seen petting a rooster, apparently inside Guayaquil prison complex. But the press secretary of Ecuador’s president reckons the Los Choneros leader was told about an impending prison transfer.
Persons: José Adolfo Macías, Adolfo Macias, Fito, , Pablo Escobar, Macías, ” Jean Paul Pinto, Glaeldys, Julio Cesar Ballesteros, SNAI, Lenín Moreno, Ballesteros, Diana Salazar, , ” Jeremy McDermott, it’s, Choneros, González, Mariachi Bravo, Macías ’, Michelle, Bravo, Fito ’, Daniel Noboa, Noboa, Patricia Bullrich, reckons, ” Roberto Izurieta, jailbreak, Fabricio Colón Pico, Ecuador’s Organizations: CNN, Ecuadorean, Forces, Ecuadorean Armed Forces, AFP, roosters, Prisons, Crisis, Los, Los Lobos, US Treasury Department, Ecuavisa, Marriott, Argentina’s, Argentine, Teleamazonas, Police Locations: La Regional, Colombian, Latin America, Ecuadorian, Ecuador, Colombia, SNAI, America, Americas, Los Lobos, Mexican, Choneros, Guayaquil, Guayaquil –, Argentine, Córdoba, Argentina, CNN Ecuador
When Fabricio and Amy Pazmino started thinking about leaving their home in Colts Neck, N.J., to move somewhere on the Jersey Shore, they immediately thought of a place where they had spent several happy post-college summers, packed into small beach bungalows with friends for season-long rentals. After nearly five years of searching — and repeatedly being outbid — the Pazminos finally found their beach house this year: a four-bedroom, four-bath home in Manasquan, near the Glimmer Glass inlet, that they bought for $970,000. The colonial-style house, which they moved into in March with their three daughters, was built in the 1970s, but they refer to it as a “post-Sandy home,” because it is one of many in this oceanfront borough that were severely damaged and rebuilt after the hurricane swept up the coast in 2012. That storm set in motion a process that has changed the image of this formerly funky beach town. Less than 10 years later, an influx of city people seeking refuge during Covid helped cement the Monmouth County borough’s more polished image.
Persons: Fabricio, Amy Pazmino, , Sandy Locations: Colts Neck, N.J, Jersey Shore, Manasquan, oceanfront, Monmouth
SAO PAULO, June 29 (Reuters) - Brazil's finance minister has confirmed the country's monetary council will keep next year's inflation target at 3%, but reiterated he expects the body to tweak the time frame used to assess the goal's fulfillment. Fernando Haddad's remarks in an interview with GloboNews aired late on Wednesday came as markets on Thursday closely watch the National Monetary Council's (CMN) meeting for potential changes on inflation targets. Inflation targets that have the calendar year as a time frame cause "unnecessary pressure," he said. The central bank currently targets inflation of 3.25% in 2023 and 3% in 2024 and 2025, with a tolerance margin of 1.5 percentage points up or down. Lula previously hinted at potentially changing inflation targets to increase them and enable monetary policy easing, a move that helped worsen expectations for consumer price changes.
Persons: Fernando Haddad's, GloboNews, Haddad, Luiz Inacio Lula da, Lula, Fabricio de Castro, Gabriel Araujo, Emelia Sithole Organizations: SAO PAULO, Monetary, Thomson
Music startup Magroove built a global distribution and discovery platform. The Brazil-based startup, led by founders Vítor Cunha and Fabrício Schiavo, raised $1.6 million in seed funding. Music startup Magroove wants to give independent artists around the world better access to major streaming services. Cunha said Magroove's global audience, along with the scalability of its products, and its focus on independent music and creators, impressed the firm. They're looking to help independent artists who haven't accessed the mainstream music platforms or monetized their brands online.
Music startup Magroove built a global distribution and discovery platform. The Brazil-based startup, led by founders Vítor Cunha and Fabrício Schiavo, raised $1.6 million in seed funding. Music startup Magroove wants to give independent artists around the world better access to major streaming services. Cunha said Magroove's global audience, along with the scalability of its products, and its focus on independent music and creators, impressed the firm. They're looking to help independent artists who haven't accessed the mainstream music platforms or monetized their brands online.
SAO PAULO, March 7 (Reuters) - Brazilian lender Santander Brasil SA said on Tuesday it will sell 40% of car-selling platform WebMotors to Australia's Carsales.com (CAR.AX) for 1.24 billion reais ($238.87 million). Carsales will hold 70% of WebMotors after the deal is concluded, while Santander will own the remaining 30%. The lender will continue as a partner of the platform in providing credit, insurance and other financial solutions to its users. The deal will be accompanied by a capital increase of A$500 million ($329 million) in Carsales, Santander said. ($1 = 5.1910 reais)($1 = 1.5188 Australian dollars)Reporting by Fabricio de Castro; Writing by Peter Frontini; Editing by Isabel WoodfordOur Standards: The Thomson Reuters Trust Principles.
SAO PAULO/MEXICO CITY, Jan 11 (Reuters) - Brazilian retailer Americanas SA (AMER3.SA) said on Wednesday its chief executive and chief financial officer resigned after the discovery of around 20 billion reais ($3.88 billion) in accounting "inconsistencies." Lojas Americanas CEO Sergio Rial departed less than two weeks after taking the job, when he replaced Miguel Gutierrez. Joao Guerra, a long-time Americanas executive not involved with accounting or financial management, will take over as CEO on an interim basis. The amount of accounting inconsistencies is larger than the company´s net equity, 15 billion reais, said Fabrício Gonçalvez, CEO at Box Asset Management. The amount is also almost twice Americanas' 10.7 billion reais market capitalization, according to Refinitiv data.
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