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Edition: U.S. Article Comments (0) Slideshow Video Email Print Reprints Read U.S. may alert Americans to be vigilant in Europe 02 Oct 2010 Microsoft hopes to bury iPhone, Android 02 Oct 2010 UPDATE 6-China's Wen offers to buy Greek debt 02 Oct 2010 Factbox: Commonwealth Games pullouts 02 Oct 2010 Big crowd gathers for liberal rally in Washington | 02 Oct 2010 Shared U.S. may alert Americans to be vigilant in Europe 02 Oct 2010 Big crowd gathers for liberal rally in Washington | 02 Oct 2010 ACTUALIZA 2-Sondeo anticipa reñida elección para alcaldía Lima 02 Oct 2010 China's Wen offers to buy Greek debt 02 Oct 2010 Google to buy Israel's Quicksee: report 13 Sep 2010 Watched Pictures of the month Thu, Sep 30 2010 Red faces over top model gaff Tue, Sep 28 2010 Prints reveal NY’s wild 70’s period Thu, Sep 30 2010 Report Title Price Petroleo Brasileiro SA Petrobras: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis. Provider: Reuters Investment Profile $20.0 Buy Petroleo Brasileiro SA Petrobras: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis. Provider: Reuters Investment Profile $20.0 Buy Petroleo Brasileiro S.A. ADS Provider: Standard & Poor's STARS Report $35.0 Buy Petroleo Brasileiro Pfd ADR Provider: Standard & Poor's Quantitative Report $25.0 Buy NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here. Ecuador's Correa backs off dissolving Congress Tweet This Share on LinkedIn Share on Facebook Related News Correa won't dissolve Ecuador Congress now: minister Sat, Oct 2 2010 Related Topics World » Stocks Related Video Funeral in Ecuador Sat, Oct 2 2010 Ecuador shaky after coup attempt 1 / 2 Military officers stand guard on the streets of Quito October 2, 2010. Credit: Reuters/Guillermo Granja By Frank Jack Daniel and Alexandra Valencia QUITO | Sat Oct 2, 2010 8:50pm EDT QUITO (Reuters) - Ecuadorean President Rafael Correa has backed off the idea of dissolving Congress and ruling by decree and plans to revise an austerity law that triggered a bloody police revolt, a government minister said on Saturday. On Thursday, as unrest flared across the country, Correa said he might dissolve Congress, which would have meant a call for new elections, seen as a tactic to bypass a deadlocked legislature and try to solidify his power. "This measure is not part of the immediate scenario," Policy Minister Doris Soliz told Reuters in an interview. Soliz added the government planned to rewrite the austerity law to clarify it, rather than make any major changes. She did not rule out using decree powers if the Congress continued to block laws. "The option is there, it has no expiry date." Shoppers flocked to Quito's colonial center on Saturday as life returned to normal. But heavily armed troops bolstered security in and outside the presidential palace after the police uprising threatened to end nearly five years of relative stability in Ecuador. Correa vowed on Saturday to round up and punish renegade police who staged the short-lived rebellion, and will investigate opponents he accuses of trying to mount a coup. The police were angered by moves to cut bonuses and freeze promotions as part of nationwide spending cuts that Correa is trying to push through during a financial squeeze. The law takes effect on Monday. The rebellion was the toughest challenge yet to the leftist Correa, who remains popular for his anti-poverty programs despite a slow recovery from economic crisis in OPEC's lowest- producing member nation and the world's biggest banana exporter. 'CRAZY PEOPLE' "We were ambushed, it was a political trap," Correa said during his weekly address on state television on Saturday, speaking over footage that showed him being physically attacked by police and engulfed in clouds of tear gas. "These crazy people were politically manipulated. They wanted to kill me," said Correa, limping with a cane after knee surgery earlier this month. He said one policeman tried to break his already hobbled knee with a truncheon during the mayhem, instead breaking the ankle of a guard who intervened. After being assaulted, Correa was trapped for hours inside a hospital on Thursday afternoon with police surrounding the building, a standoff that ended when troops rescued him in a night raid. On his show on Saturday, Correa showed TV images of the rescue operation with troops crawling across the ground as volleys of gunfire tracers streaked across the night sky. "We have to investigate to the very bottom of this," he said. "We will identify a lot of people (from the video)." Eight people were killed in unrest across the country. They included an elite guard who was holding onto the side of Correa's vehicle when it was strafed by bullets as Correa was driven from the hospital during the rescue operation. 1 2 Next World Add a Comment *We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language or appear to be spam and review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. 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