Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.570

-4.5%

Dec 26 9:30 AM EST

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To: Steve Fancy who wrote (701)	1/13/1998 4:26:00 PM
From: Steve Fancy	Read Replies (1) of 22640

PRESS DIGEST - Brazil - Jan 13 Tuesday January 13, 7:00 am Eastern Time SAO PAULO, Jan 13 (Reuters) - These are the highlights of the main Sao Paulo and Rio de Janeiro newspapers this morning. FOLHA DE SAO PAULO -- ASIA CRISIS DELAYS LOWERING OF INTEREST RATES The Brazilian government may delay until June the lowering of interest rates to their levels in October, when they were doubled, if Asia's financial crisis deepens. GAZETA MERCANTIL -- ENRON TO FINANCE $500 MILLION PETROBRAS OIL PROJECT U.S.-based natural gas firm Enron, which already has invested $2 billion in Brazil, will lend $500 million to state oil company Petrobras to produce oil at Bijupira-Salema field in the offshore Campos basin near Rio de Janeiro. -- BANCO DO BRASIL TO SELL ITS LOCAL, OVERSEAS BROKERAGES Brazilian federal bank Banco do Brasil announced it plans to sell ''as quickly as possible'' its local brokerage DTVM and overseas securities unit BB Securities. -- NOSSA CAIXA NOSSO BANCO SEEKS FOREIGN PARTNER Sao Paulo bank Nossa Caixa Nosso Banco is seeking a strategic partnership, preferably with two or three foreign institutions, to help it take on the duties of soon-to-be-privatized state bank Banespa. - - - -- SIXTY-SEVEN PCT OF STOLEN CARS ARE NOT RECOVERED Brazilian police have only been able to recover 32.8 percent of cars stolen over the last seven years, according to the National Motor Vehicle Registry.

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