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

To: Steve Fancy who wrote (1270)	3/20/1998 5:05:00 PM
From: Steve Fancy	Respond to of 22640

PRESS DIGEST - Brazil - March 20 Friday March 20, 7:32 am Eastern Time -- BNDES TO FINANCE ELETROPAULO BUYERS Sao Paulo state government and Brazil's National Development Bank (BNDES) have agreed on a credit line for those interested in buying a stake in the state's utility Eletropaulo when the firm is privatized in an auction on April 15. - - - FOLHA DE SAO PAULO -- CONGRESS THREATENS TO OUST TWO LAWMAKERS Brazil's Congress on Thursday opened a case on ousting two lawmakers after one was videotaped casting votes for the other, who was out of town. JORNAL DO BRASIL -- GOVERNMENT TO USE FORCE AGAINST LANDLESS FARMERS Government spokesman Sergio Amaral said Thursday the government will no longer tolerate members of Brazil's Landless Movement (MST) unlawfully occupying government buildings. The MST said it will invade stock exchanges in Rio de Janeiro and Sao Paulo on April 17.

To: Steve Fancy who wrote (1270)	3/20/1998 5:09:00 PM
From: Steve Fancy	Respond to of 22640

Brazil shrs may weaken at open, seen firming later SAO PAULO, March 20 (Reuters) - Brazil shares could weaken at the open on continued profit-taking, but traders expected prices to firm later in the day, still reflecting the general positive economic outlook and strong corporate earnings. <snip> On Thursday, Brazilian stocks ended slightly lower on profit-taking after 10 consecutive days of rises. Despite Thursday's mild profit-taking, analysts remain bullish about Brazil's stock market. <snip> biz.yahoo.com

To: Steve Fancy who wrote (1270)	3/20/1998 5:20:00 PM
From: Steve Fancy	Respond to of 22640

Brazil shares end higher after Wall Street rises SAO PAULO, March 20 (Reuters) - Brazilian shares ended higher on Friday, led by second-tier and power-sector stocks, as Wall Street's strong rise prompted a halt to profit-taking and helped boost local prices ahead of the close, brokers said. <snip> Brokers said a wave of afternoon profit-taking, focused heavily on benchmark Telebras preferred (TEL_p.SA), came to a halt as Wall Street stocks started to rise, enabling the Sao Paulo market to end the week on a positive note. <snip> biz.yahoo.com