Telebras (TBH) & Brazil Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 1.080

+1.4%

Nov 18 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Steve Fancy who wrote (7023)	8/21/1998 7:44:00 PM
From: Steve Fancy	Read Replies (4) of 22640

Brazil's Govt Says No Need To Adjust Interest Rates Dow Jones Newswires BRASILIA -- The Brazilian government said Friday that it has no intention of decreeing a moratorium on its debt payments nor of adjusting interest rates in spite of the current market turmoil. When asked by reporters if Brazil would follow Russia's example of a moratorium on debt, assistant government spokesman Georges Lamaviere said, "There is no consideration of this hypothesis." Speaking at the daily press briefing at the presidential palace, Lamaviere said the government rules out any possibility of fiscal austerity measures to deal with the current crisis. He said if any measures are to be implemented to deal with the market turmoil, they will be taken by the central bank. Brazil's Sao Paulo Stock Exchange Bovespa Index closed 2.9% lower Friday, but fell as much as 10% during the day as investors sold heavily in markets all the world over. The Bovespa Index has lost 27% since Aug. 1 and dropped 11% this week.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next