Ecuador ranked top nation for U.S., Canadian retirees

American tourists are seen at a tree house, which is used to observe Tungurahua volcano activity from 1.2 km (0.75 miles) of the volcano's crater in Banos CityNEW YORK (Reuters) – With its low cost of living, balmy climate and cheap property prices, Ecuador has been ranked the top foreign retirement destination for North Americans for the fifth consecutive year. The South American nation bordered by Colombia and Peru scored the highest marks in InternationalLiving.com's annual ranking of the best places to retire. With monthly estimated living expenses ranging from $900 to $1,400, Ecuador surpassed Panama, Malaysia, Mexico and Costa Rica, which rounded out the top five countries. …

Venezuela’s Chavez is fine despite complex surgery: Correa

QUITO (Reuters) – Venezuelan President Hugo Chavez is “fine” even though the cancer surgery he underwent was complex, Ecuador’s leader Rafael Correa said on Wednesday. Chavez underwent a six-hour surgery in Cuba on Tuesday. “He is fine even though the surgery was complex,” Correa told reporters at the presidential palace. (Reporting by Alexandra Valencia; Writing by Eduardo Garcia; Editing by Will Dunham)