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Strategies & Market Trends : Telebras (TBH) & Brazil -- Ignore unavailable to you. Want to Upgrade?

To: Steve Fancy who wrote (1040)	2/17/1998 1:46:00 PM
From: Steve Fancy	Respond to of 22640

Brazil bolsa draws Mexico funds as Latam flows ebb By Martin Roberts MEXICO CITY, Feb 17 (Reuters) - Brazil's bolsa appears to be drawing investors away from Mexico as hot money trickles out of Latin America's stocks and portfolio managers rejig the existing cash, analysts say. biz.yahoo.com

To: Steve Fancy who wrote (1040)	2/17/1998 1:47:00 PM
From: Steve Fancy	Respond to of 22640

Brazil's Kandir sees rates down at 20pct by mid-98 SAO PAULO, Feb 17 (Reuters) - Brazil's Planning Minister Antonio Kandir forecast basic interest rates to fall to an annualised 20 percent by mid-1998 if the government succeeds in passing the social security reforms, a daily reported Tuesday. biz.yahoo.com

To: Steve Fancy who wrote (1040)	2/17/1998 1:50:00 PM
From: Steve Fancy	Read Replies (1) \| Respond to of 22640

Brazil picks Salomon-led group as Telebras adviser SAO PAULO, Feb 17 (Reuters) - A group led by Salomon Smith Barney has won bidding to advise on the sale of Brazilian federal holding Telebras (TEL_p.SA), the National Development Bank (BNDES) said Tuesday. biz.yahoo.com

To: Steve Fancy who wrote (1040)	2/17/1998 1:56:00 PM
From: Steve Fancy	Respond to of 22640

TABLE-Brazil's Embratel net rises in 1997 Reuters, Tuesday, February 17, 1998 at 05:56 SAO PAULO, Feb 17 (Reuters) - Brazil's Embratel, the long-distance subsidiary of federal telecommunications holding company Telebras (SAO:TEL_.P), released the following 1997 financial results. 1997 1996 Net 508.16 mln 406.2 mln Shr Net 107.57 reais 85.99 reais Net Revs 2.164 bln 1.894 bln Gross Revs 2.679 bln 2.382 bln Gross Profit 1.259 bln 885.6 mln Oper Profit 538.6 mln 521.7 mln Pre-Tax Profit 389.3 mln 446.2 mln Net Worth 5.503 bln 5.233 bln NOTE; All figures in Brazilian reais and not adjusted for inflation. Share net is per lot of 1,000 shares. The Brazilian government plans to privatize the federal Telebras system including Embratel, in June or July. james.craig@reuters.com)) Copyright 1998, Reuters News Service