Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.511

+2.0%

Jan 14 3:50 PM EST

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To: Steve Fancy who wrote (9166)	10/26/1998 2:35:00 PM
From: Steve Fancy	Read Replies (1) of 22640

Brazil fiscal steps to be announced Wed Reuters, Monday, October 26, 1998 at 14:12 An estimated $30 billion has fled Brazil since Russia devalued in August, sapping confidence in emerging markets as a whole. Brazil's foreign cash reserves have plummeted, putting pressure on the domestic currency, the real. Cardoso's ability to push through the three-year fiscal austerity drive was called into question by state elections at the weekend which saw government supporters lose their bids for the governorships of three major states. raquel.stenzel@reuters.com)) Copyright 1998, Reuters News Service

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