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Technology Stocks : Altaba Inc. (formerly Yahoo)

AABA 19.63

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Nov 6 4:00 PM EST

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To: barry s who wrote (15842)	12/4/1998 7:33:00 AM
From: Platter	Read Replies (1) of 27307

Seems like Russia going alon with Brazil for the Ride..Item this morning "Russian Ruble's Fall Quickens; Central Bank Prints Money, Spends Reserves Ruble's Fall Accelerates as Central Bank Loosens Grip (Update1) (Adds comments from companies, individuals from 4th paragraph.) Moscow, Dec. 4 (Bloomberg) -- Russia's efforts to control the ruble's exchange rate are failing as banks and companies circumvent restrictions to hold on to their dollars, and the central bank spends its foreign currency reserves to pay its debts. ''Capital controls don't seem to be stopping the leakage out of the country,'' said Roland Nash, head of credit analysis at MFK Renaissance in Moscow. ''Exporters are finding ways not to bring their dollars back into the country.'' The ruble fell for a sixth day, dropping 3.8 percent in morning trading to 19.57 rubles per dollar. The ruble has fallen 18 percent since Nov. 1, and 67 percent since mid-August, when the government defaulted on its Treasury debt and quit defending the currency."

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