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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Seeker of Truth who wrote (24818)	11/6/2007 1:27:24 PM
From: elmatador	Respond to of 217703

A good turning point: Cracking down on white-collar crime: federal police said in a statement they had orders to temporarily detain 20 people working for Swiss banks in Brazil. They face charges of tax evasion, money laundering, fraud and racketeering that carry as much as 40 years' imprisonment on conviction, the police said. They said they also had 44 search warrants. The operation follows the detention of employees at Cisco Systems Inc.'s Brazilian offices by federal police on Oct. 16 as part of a probe into an alleged import-fraud scheme. On Oct. 21 San Jose, California-based Cisco posted a statement on the Web site of its Brazilian unit saying police released three of its employees without charge including Pedro Ripper, president of the unit. bloomberg.com

To: Seeker of Truth who wrote (24818)	11/8/2007 11:01:21 AM
From: elmatador	Respond to of 217703

PBR hits oil at Tupi=to a Norway of oil which were about 8.5 billion last year. Message 24037625 Petrobras shares skyrocket on oil reserves boost Thu Nov 8, 2007 2:54pm GMT Email This Article \| Print This Article \| Share\| Single Page[-] Text [+] Market News UPDATE 1-Johnson Service asks banks to restructure debt More Business & Investing News... RIO DE JANEIRO, Nov 8 (Reuters) - Shares of Brazil's state oil company, Petrobras (PETR4.SA: Quote, Profile, Research), extended gains to over 10 percent in afternoon trading on Thursday after the company confirmed a giant oil find with recoverable reserves of up to 8 billion barrels. Petrobras -- the heaviest weighted stock in the Bovespa index (.BVSP: Quote, Profile, Research) of the Sao Paulo Stock Exchange, rose to 77.3 reais from Wednesday's close of 70.25 reais, while the broader market was up 1.93 percent. Petrobras on Thursday put estimated recoverable reserves at the light oil Tupi field at between 5 billion and 8 billion barrels of oil and natural gas, making it the biggest find in Brazil. It also said it had a promising outlook for the subsalt potential in southern and southeastern basins. (Reporting by Andrei Khalip, editing by Gerald E. McCormick)