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

To: MGV who wrote (6549)	8/12/1998 11:17:00 AM
From: Steve Fancy	Respond to of 22640

TABLE-Telemig (SAO:TMGR3) 1st half net 92.9 mln reais Reuters, Wednesday, August 12, 1998 at 08:18 SAO PAULO, Aug 12 (Reuters) - Brazilian fixed-line telephone firm serving Minas Gerais state released the following financial results for 1998's first half. 1998 H1 1997 H1 Net profit 92.99 mln n/a Pre-tax profit 142.41 mln n/a Oper profit 143.25 mln n/a Net oper revs 609.14 mln n/a Gross oper revs 826.13 mln n/a Net worth 1.83 bln n/a NOTE: All figures are in Brazilian reais and not adjusted for inflation. ($1=1.1688 reais) Copyright 1998, Reuters News Service

To: MGV who wrote (6549)	8/12/1998 11:18:00 AM
From: Steve Fancy	Respond to of 22640

Brazil's Bovespa (INDEX:$BVSP.X) seen up on global Reuters, Wednesday, August 12, 1998 at 09:29 Other telephone stocks like Telesp (SAO:TLSP4) and blue chips like Petrobras (SAO:PETR4), the shares that took the biggest beating during the Bovespa's eight-day, 19 percent dive, could also lead the market's rise, traders said. Trading volume could also jump because Bovespa index futures are expiring on Wednesday, traders said. Bluechip activity Tuesday: Telebras (SAO:TELB4) down 4.75 pct at 114.30 reais Petrobras (SAO:PETR4) down 1.49 pct at 199.00 reais Eletrobras (SAO:ELET6) down 3.81 pct at 30.30 reais Vale do Rio Doce (SAO:VALE5) down 7.21 pct at 19.30 reais Sao Paulo stock exchange's Bovespa index of the 58 most-traded shares: * Tuesday: down 4.14 pct at 8,802 points * Week: down 5.5 pct * Month: down 17.7 pct * Year-to-date: down 13.6 pct SELIC (open): 2.10 pct Dollar/Real (open): 1.1693 per dollar YESTERDAY'S STORIES 1/8 1/4SUR 3/8 ***** SPOT REAL QUOTES <BRBY> BOVESPA STOCK INDEX (INDEX:$BVSP.X) ELECTRICAL ENERGY INDEX <.IEE> BRAZILIAN ADR PRICES <BR/ADR> BRAZILIAN BRADY BOND PRICES <2LDO> BRAZILIAN DOLLAR FLOW HISTORY <BRFLOW> Copyright 1998, Reuters News Service

To: MGV who wrote (6549)	8/12/1998 11:20:00 AM
From: Steve Fancy	Read Replies (4) \| Respond to of 22640

Brazil To Launch Credit Risk Database For Banking System Dow Jones Newswires BRASILIA -- Starting next week, Brazilian banks will have access to a Central Bank credit risk database that identifies people and companies with overdue loans, an official said Tuesday. The database will list the names and fiscal identification numbers of borrowers who have debts surpassing 50,000 reals (BRL)($1=BRL1.17), said Luiz Carlos Alverez, head of the Central Bank's banking inspection department. Only banks will have access to the database, he said. The Central Bank took two years to develop the database. It will begin with information reported by banks for the month of June. The lack of information on borrowers in the banking system allowed people and companies to take out loans in several banks despite their poor records.