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Strategies & Market Trends : Telebras (TBH) & Brazil
TBH 0.944+0.5%Nov 28 9:30 AM EST

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To: Steve Fancy who wrote (6910)8/20/1998 6:00:00 PM
From: Steve Fancy   of 22640
 
Cardoso steps further ahead of Lula in presidential dispute - An Ibope
poll conducted with 2,000 electors from August 14 through 18 indicates that
President Fernando Henrique Cardoso has opened an advantage of 23
percentage points over his main rival, left-winger Luiz In cio Lula da Silva (PT).
With 44% of vote intentions, Cardoso could be re-elected in first round vote
since his stake is bigger than that of all other candidates combined. Lula has
declined two percentage points, to 21%. Ibope executive director, Carlos
Augusto Montenegro, sees no possibility of changes in the current scenario,
despite the TV free electoral propaganda. PPS candidate, Ciro Gomes,
remained in third place, with 5%, followed by En‚as Carneiro (Prona), with 3%.
The survey shows that Cardoso gained votes from Lula and En‚as, since the
total of undecided electors (15%) and void votes (11%) have not changed
compared to the previous poll. (O Estado de S. Paulo/ Jornal da Tarde/ O
Globo)

BNDESPar to sell stake in Tele-Norte-Leste - Communications minister,
Luiz Carlos Mendon‡a de Barros, said yesterday that the BNDESPar should
offer in an auction his stake in fixed telephony company Tele-Norte-Leste,
acquired by Telemar consortium. Mendon‡a de Barros denied that Anatel is
preparing a secret list of prices for the sale of the so-called fixed telephony
mirror companies. (O Estado de S. Paulo/ Jornal da Tarde/ Jornal do Brasil)

Open capital companies gains improve in FH1998 - Balance sheets
released in the first half of the year show that open capital companies saw their
gains improve. The profit of 175 companies that have already released their
balance sheets show total gains of R$7.446bn, 52% more than in the
corresponding period last year. (O Estado de S. Paulo)

Fipe measures 1.05% deflation in Sao Paulo - The Consumer Prices Index
(IPC) as measured by Fipe-USP stood at 1.05% in the four-week period
ended past Friday (14). That is the highest deflation registered since march
1986, when the survey was first conducted. See the oscillations of different
items:

Foodstuff -1.66%
Housing -0.32%
Transportation -1.25%
Personal expenses -0.17%
Clothing -3.27%
Health 0.29%
Tuition 0.08%

(O Estado de S. Paulo/ Jornal da Tarde/ Folha de S.Paulo)

Edited by Sergio Caldas

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