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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.472

+2.6%

Jan 16 9:30 AM EST

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To: Petrus who wrote (7191)	8/27/1998 3:48:00 PM
From: djane	Read Replies (1) of 22640

Kremlin calls Yeltsin resignation reports "lies" Thursday August 27, 2:39 pm Eastern Time MOSCOW, Aug 27 (Reuters) - The Kremlin press service on Thursday fiercely denied reports of Russian President Boris Yeltsin's resignation and lambasted foreign media for ''spreading untrue information.'' ''Any information from 'informed sources' about the alleged forthcoming resignation of the Russian president is inventions and lies,'' the statement said. ''Russian President Boris Yeltsin is carrying out all the range of powers given to him by the constitution and is now preparing for a number of important international meetings, the first of which, with Bulgarian President Petar Stoyanov, will take place tomorrow,'' the statement said. The statement was issued after U.S. television company CBS reported that Yeltsin had signed a letter of resignation. ''The presidential press service is addressing CBS and other foreign media with a strong request not to spread untrue information and not to hamper preparations for an official visit to Russia by the president of the United States Bill Clinton,'' the statement added. It was the second day in a row that financial markets worldwide were gripped by talk the Kremlin leader had stepped down amid an acute financial and political crisis. The Kremlin said earlier Yeltsin was at his country residence outside Moscow and had spoken to acting Prime Minister Viktor Chernomyrdin by telephone. Copyright c 1998 Reuters Limited. All rights reserved.

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