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Non-Tech : Trends Worth Watching

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To: richardred who wrote (540)	3/16/2006 12:41:21 PM
From: richardred	Read Replies (1) of 3363

UPDATE 1-Ecuador loses Occidental tax appeal Fri Mar 3, 2006 2:52 PM ET ( Ecuador had appealed a 2004 ruling by an international tribunal that said Occidental was wrongly excluded from a tax revision process and had ordered the country to pay $75 million to the oil company. Occidental is one of Ecuador's largest investors. The British court ratified the earlier ruling, said a government official of Ecuador close to the case. Ecuador's attorney general is analyzing an appeal to halt the $75 million payment, the official said. An Occidental spokesman declined to give further details. (Additional reporting Deepa Babington in New York) yahoo.reuters.com

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