Stocks soar on stimulus hope and smart money (SPY +1.4%). Treasury yields rise as investors keep eye on stimulus talks in Washington
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Another Corruption Scandal Engulfs Ecuadors Oil Industry The trials and tribulations for Ecuadors deeply embattled petroleum industry continue. If crumbling infrastructure, refinery outages and pipeline ruptures were not enough, the Andean countrys state-controlled PetroEcuador finds itself embroiled in another scandal which could derail progress with reforming Ecuadors troubled energy sector. The national oil company which owns and operates Ecuadors refineries and related infrastructure is due to be merged with state-controlled PetroAmazonas which focuses on upstream operations.