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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: Breccia who wrote (83745)	5/25/2007 11:49:14 AM
From: Proud Deplorable	Read Replies (2) \| Respond to of 313121

"Ecuador: Reforming Foreign Investment Law May 24, 2007 21 31 GMT Ecuador will create a Constituent Assembly to reform the constitutional law regarding foreign investment in the country so the state will be able to assume 70 percent to 80 percent of the earnings from the oil and mining sectors, Government Minister Gustavo Larrea said May 24. Private companies holding majority stakes in oil or mining operations will then be left with 20 percent to 30 percent of the earnings. Despite this announcement, Larrea said Ecuador does not have any plans to nationalize the two sectors." Message 23573282