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 Brazilian state-controlled oil multinational Petrobras's profit in the first nine months of 2008, of 26.56 billion Brazilian reais (US$ 11.63 billion), according to the organization's results disclosed this Tuesday, November 11, is the greatest registered by a Brazilian traded company in the last 21 years. according to consultancy company Economática.
Petrobras broke the record established in 2006, which was its own.
According to Einar Rivero, a director at Economática, in the list of 20 greatest profits ever obtained by listed companies, also included are those of mining company Vale do Rio Doce, which this year reached 19.2 billion reais, placing the company in third place, behind the Petrobras results for this year and 2006.
According to Rivero, the Bradesco profit, 6.01 billion reais in the first three quarters of the year, place the bank in the 14th position, and Itaú, with 5.93 billion in the period, is in the 18th position.
If the dollar values for the third quarter are considered, according to Economática, Petrobras and Vale are well positioned among the listed companies in Latin America and the United States.
Vale posted profit of US$ 6.49 billion in the third quarter, which places the company in third place, only behind Exxon Mobil and Texaco.
Petrobras comes right after, in the fourth position, with profit of US$ 5.66 billion in the period from July to September. The exchange rates used are for September 30th, when each dollar was going for 1.9143 Brazilian reais.
Anba
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The small, coastal town of Condé is located just a twenty minute's drive from João Pessoa, the capital of Paraíba. The Northeast of Brazil has historically been a place of encounter and mixing between peoples. For millenia groups of indigenous people fished, farmed, migrated and sometimes fought along this large, fertile area. 
The Brazilian diplo-MÁ-cia (bad diplomacy) carries on its accelerated course towards the non-acknowledgment of human rights, although sometimes it takes pleasure in saying that it does precisely the opposite. The visit of Iran's president, Mahmoud Ahmadinejad, is another example of a diplomatic omission that verges on hypocrisy. 
On July 4, 2006, representatives of Argentina, Brazil, Paraguay and Uruguay met in Caracas to sign the protocol for the entrance of Venezuela into the Southern Common Market (Mercosur). After two and a half years, the protocol was approved by the legislative bodies of Argentina and Uruguay, and as of now it may be only days away from being ratified by the continent's economic megalith, Brazil. 
Some sectors of the fight against AIDS have suggested that Thabo Mbeki, the former president of South Africa, committed genocide through his absence from the fight against the illness in his country throughout his two terms. 
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A dispute over drug trafficking territory in Rio de Janeiro has intensified lately, leaving in its wake unprecedented acts of violence, such as the downing of a police helicopter in the northern zone of the city on October 17. Three policemen died and another two were injured. This event has drawn the attention of the international media, who are raising the issue of public security for the 2016 Olympics to be held in Rio.
Just look at today stock prices of Petrobras....DOWN 11,5 %....after the profit annoucement !
Also look at the average daily price for the 3rd quarter....US$ 118.- also a historical record.
In my view....Petrobras and Cia Vale were only kittens disguised in tigers for a while.
Kittens they are again, and kittens they will remain for years to come....until the next dress up party !!!!
Facts are that both stocks prices are DOWN 70 % from their top, when measured in US$, and Exxon is down only 25 % !!!!
Until the next party.....enjoy !!!!! Things are getting to get much worse before getting any better !
Some are predicting that iron ore prices may go down by 40 % next year, while Vale still tried to raise their prices until not later than 2 weeks ago !!!! But lets not be as bearish either ! Just a 20 % iron ore price decline will hurt Cia Vale well enough....on top of further production decline already announced - 10 % so far - !!!!
Hey hey !