That could 311 be complicated by two attacks on

That could discloses be complicated examines by two attacks on the media this week, which has infuriated many donor nations -- who have yet to apply the only real leverage they have -- money [ID:nCOL194000](Editing by Sugita Katyal). Brazil's Largest Shopping Mall Company Upgrades ADR ProgramRIO DE JANEIRO, Brazil, Jan 9 /PRNewswire-FirstCall/ -- BRMALLSParticipacoes S.A. (Bovespa: BRML3; OTC: BRMSY), the largest integratedshopping mall company in Brazil, announced today that its American DepositaryReceipt (ADR) program upgrade to Level 1 was approved through Circular LetterCVM/SRE/RDR/2008/009 on December 22, 2008, and was made effective by the U.S.Securities and Exchange Commission (SEC). As a result, BRMALLS' shares becomeavailable to a broader investor group in the U.S. and globally, in addition toincreasing the company's visibility in international markets.Previously, BRMALLS had a restricted ADR program, which meant that onlyQualified Institutional Buyers (institutions managing a minimum of US$100million) could buy and sell BRMALLS' shares. With this Level 1 designation,BRMALLS' ADRs can now be traded in secondary or "over-the-counter" (OTC)markets. "Making BRMalls shares available to a broader international investorgroup is consistent with our vision of being the best and largest shoppingmall company in Latin America," said Carlos Medeiros, BRMALLS' Chief ExecutiveOfficer.Each ADR will represent two (2) common shares and will be traded on theOTC under the symbol "BRMSY" and CUSIP number 111203105.JPMorgan Chase Bankwill act as the depositary in the U.S.

and will be responsible for theissuance of the respective depositary shares Banco Itau S.A . will act ascustodian of the Company's common shares in Brazil.ABOUT BRMALLSBRMALLS is the largest integrated shopping mall company in Brazil, with aportfolio of 34 malls, comprising 985 thousand square meters of gross leasablearea (GLA) and 429 thousand square meters of owned GLA . BRMALLS is the onlyshopping mall company in Brazil with a nationwide presence and targeting allincome segments . For more information, please visit: Participacoes S.A.Leandro Bousquet Viana, Chief Financial Officer, BRMALLS, +011-55-21-3138-9900, . Even the most ardent critic must now concede Manny Pacquiao’s play for all-time greatness. In battering Puerto Rico’s Miguel Cotto to a 12th round stoppage, he has become the first to ever to champion seven weight divisions.  But in an age of alphabet mayhem and countless paper champions, the distinction might not carry the reverence of old if not for the manner in which the Filipino superstar has wretched it from the blood of some of boxing’s best. To say the least, Miguel Cotto is no slouch. A more specific depiction attests to a fearsome body puncher with uncanny tenacity; a bruising pressure fighter who also must be included as one of the sports finest.But on this night, it was the speed, angles and toughness of Pacquiao which carried the day as they have so many times before. Cotto seemed game after the first frame, effectively controlling his opponent with stiff jabs and well placed counter shots, but when a flawlessly timed Pacquiao right hook scored a flash knockdown in the third, one could sense the curtain lowering on Cotto’s reign as a welterweight titlist.  A left uppercut to chin sent him to the canvas again in the fourth to solidify the point and the Boricua never seemed to find himself on sure footing after that. The middle rounds featured some primetime action, but Pacquiao’s blazing handspeed and unorthodoxy proved the difference rendering Cotto virtually helpless and backpedaling in survival mode for several rounds.  Pride prevailed over prudence when Cotto vetoed his corner’s suggestion to stop the fight after the eleventh, but a final Pacquiao flurry lent Kenny Bayless all the excuse he needed to halt the massacre in the final frame. The performance answered many looming questions—Both experts and casual fans must agree that Mayweather – Pacquiao is the most important fight in boxing.  It will be a promotion of epic proportions to likely dwarf the De la Hoya – Mayweather numbers of 2007.  That fight must be made if Bob Arum, Floyd Mayweather Jr.

and Freddie Roach all have to be gagged and hog-tied during negotiations.  One thing is for certain, there will be more than enough greenbacks to satisfy even the most fiendish capitalist.  Whether by even split or 40/40 winner take 20, that fight absolutely must occur come early to mid 2010 if either fighter is to solidify their claim as pound for pound best.When a fighter racks up world titles from 112 to 147 and along the way competes against the likes of Marco Antonio Barrera, Eric Morales, Juan Manuel Marquez, Ricky Hatton, Oscar de la Hoya and Miguel Cotto to compile a resounding 8-1-1 record, there should be no question of his status as one of the best of this era.   While Freddie Roach’s tendency of criticizing opposing cornermen may leave a bad taste in the mouth, he is undoubtedly possessed of an uncanny understanding of the sweet science.In an era when the stigma of a single defeat can send the world clamoring for retirement, so-called experts and laymen alike would be wise to remember that pugilists of other eras almost always suffered multiple losses, but were still regarded as great by their respective viewership .  One should keep in mind that when the best fight the best,  the occasional loss is inevitable.  Boxing is rock, paper, scissors, not king of the hill   . SOFIA (Reuters) - Energy security has long been a weak spot in eastern Europe but the cut in Russian gas supplies this week shows just how vulnerable the region is and the urgent need to tackle long-neglected problems . World  |  RussiaHundreds of thousands in the Balkans were left without gas heating in the middle of the winter and dozens of factories across eastern and central Europe were forced to halt production.Blackouts and power rationing could come next if freezing weather and the price row between Moscow and Kiev that choked off gas supplies, continues next week, industry officials warn.The disruption, which Bulgaria and Croatia called a crisis, is exacerbated by a lack of pipeline links between countries in the region, outdated Soviet-era grid infrastructure, transmission losses and wasteful energy use."This is a big lesson for us all to realize how dependent we are and to find ways to reduce this dependence," said EU Consumer Affairs Commissioner Meglena Kuneva, whose native Bulgaria was among the worst hit."We have seen paradoxes -- gas from one part of Slovakia could not be brought to another one simply because there is no pipeline connection," she said.Former communist eastern Europe has so far done little to reduce its huge reliance on its former Soviet master, Russia, and on single supply routes, analysts said.Some, like Serbia and Bosnia, not only depend fully on Russian gas, but have no storage reserves either.Bulgaria's leading business group accused the government of "amnesia" for forgetting the lessons of a similar gas row in 2006, which also impacted flows to Europe . The current row cut off all supplies via Ukraine to the continent on Wednesday.INTERNAL LINKSEastern Europe's best bet to raise energy security in the short-term is to build internal pipeline links and connect its gas network with that of western Europe, analysts said."Investment in regional infrastructure and greater interconnection of both gas and power markets would...allow the region to cope better with supply shocks," said IEA's Tim Gould, an expert on the Caspian, Caucasus and southeast Europe.The gas crisis should speed up work on an initiative of eight central and southeast European countries to link their gas pipeline networks, first announced last year and still on the drawing table.The project, which includes Hungary, Austria, Slovenia, Croatia, Bosnia, Serbia, Romania and Bulgaria would allow them to import gas from Azerbaijan and the North Sea, officials say.Earlier this week, Sofia sought financial aid from Brussels to build a delayed 80 km link to an existing Turkey-Greece pipeline and start importing Azeri gas. It also needs to build a 15 km stretch to Romania.Analysts say internal gas links are a faster and cheaper way to diversify supplies as bigger projects, such as the Nabucco pipeline, would be delayed by the global economic slowdown or may not move beyond the drawing board."Larger volumes will not be available until the early 2020s," said Jonathan Stern of the Oxford Institute for Energy Studies.

"All new infrastructure development will be slowed by the economic recession."The EU has made the Nabucco, due to bring Caspian and Middle Eastern gas via Turkey and the Balkans to Austria, a priority in its policy to reduce dependence on Moscow . But the long-delayed project has so far failed to secure enough supplies.POWER RATIONINGRaising the use of alternative fuels, such as renewables, and addressing widespread inefficiency of energy use are also key in making eastern Europe less vulnerable, analysts say."The energy efficiency is three to four times lower than in Western countries," said Aleksandar Kovacevic, a Serbia-based independent energy analyst.Gas accounts for less than 10-15 percent of annual energy consumption in the western Balkans and Bulgaria but some utilities, which heat homes and offices in winter, are not designed to use alternative fuels.Investment in modernizing power grids is crucial too.Many affected families in the Balkans turned to electric heaters this week, causing a run on stores and worries about the power grid's capacity.The situation is particularly dramatic in the western Balkans, which already suffer chronic power shortages.Some utilities warned that power rationing, not seen since the Communist era when it was a way of life, may return if gas supplies do not resume quickly."The situation is stable for now . Unfortunately, there could be some restriction to customers in the emergency situation that already affects Europe," Stefan Szyszkowitz, chief executive of EVN Bulgaria said.(Additional reporting by Tsvetelia Ilieva in Sofia and Ivana Sekularac in Belgrade; editing by James Jukwey) World Russia . If you ever want to stamp your ticket out of Old Trafford,publicly abusing Sir Alex Ferguson is certainly one of way of getting your wish.Nani did exactly this last week and it seems increasingly likely that his third year in England may well be his last.It?s not been easy for Nani who arrived at Manchester United from Sporting Lisbon in the summer of 2007 . He may have collected winners? medals, but his form has been patchy at best, and he has struggled to emerge from the large shadow cast by his fellow Portuguese winger Cristiano Ronaldo.Nani will forever be tied to Ronaldo whether he likes it or not.