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

To: Steve Fancy who wrote (1742)	4/17/1998 12:18:00 PM
From: Jerry A. Laska	Respond to of 22640

Electropaulo sale can proceed BRASILIA, April 17 (Reuters) - Brazil's Superior Court of Justice (STJ) upheld the validity of the sale of Eletropaulo's Metropolitana (ELP.SA), a court spokeswoman said on Friday. The spokeswoman said the court revoked a judge's decision to annul the auction that took place earlier this week. biz.yahoo.com

To: Steve Fancy who wrote (1742)	4/17/1998 12:19:00 PM
From: Steve Fancy	Read Replies (2) \| Respond to of 22640

Brazil Motta's health worsens SAO PAULO, April 17 (Reuters) - Brazil's Communications Minister Sergio Motta's health worsened in the hospital early on Friday as he continued suffering high fever and started breathing with greater difficulty, officials said. biz.yahoo.com ============================== Brazil shares seen weak on options, foreign mkts SAO PAULO, April 17 (Reuters) - Brazilian shares looked set for another weak session Friday, weighed down by drops in stock markets abroad amid speculative trades ahead of Monday's options expiry, brokers said. <snip> Analysts said investors remain wary of the future of stocks of Telebras (TEL_p.SA) in light of its pre-privatization breakup, despite moves by the Sao Paulo Stock Exchange (Bovespa) to create a receipt program to facilitate trading. They said options holders are reluctant to roll over their positions to the next settlement amid concerns that Telebras, Sao Paulo bolsa's benchmark issue, could lose weighting on the market. <snip> biz.yahoo.com =========================== Brazil's Central Bank lowers its reais mini-band SAO PAULO, April 17 (Reuters) - Brazil's Central Bank lowered its mini-band on the real currency by buying dollars at 1.1410 and selling at 1.1460 reais per dollar in the commercial foreign exchange market, dealers said. biz.yahoo.com