FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

President AMLO Announces End To Diplomatic Relations With Ecuador

LATAM
  • An ongoing spat between the presidents in Mexico and Ecuador has erupted into a diplomatic crisis following actions over the weekend. Ecuador’s President Daniel Noboa decided to send police to storm the Mexican embassy on Friday night and arrest Jorge Glas, a former vice president convicted of corruption who had been granted asylum. The actions are said to have violated international agreements and heightened the political tensions in the region.
  • Mexico has since announced an end to the diplomatic relationship with Ecuador and will also halt conversations over trade. After Mexico’s diplomatic staff in Ecuador returned home on Sunday, Foreign Affairs Minister Alicia Barcena said the government of Ecuador had violated the Vienna convention and Mexico are now expected to bring a formal complaint against them before the United Nations.
  • Risks of a regional backlash may be growing as Nicaragua confirmed similar action. President Daniel Ortega declared in a statement its “sovereign decision to break all diplomatic relations with the Ecuadorean government” following the “unusual and reprehensible action.”
  • While the broader international community have condemned the provocative act, there appears to be domestic support in Ecuador, with pollster Alvaro Merchante saying that there’s more approval than disapproval for the raid.
Political Risk BulletEM BulletHomepageBulletPolitical RiskEmerging Market News

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.