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

To: Tom Piersanti who wrote (6737)	8/17/1998 8:53:00 AM
From: CuttotheCore	Read Replies (2) \| Respond to of 22640

Monday August 17, 8:06 am Eastern Time PRESS DIGEST - Brazil - Aug 17 SAO PAULO, Aug 17 (Reuters) - These are the highlights of the main Sao Paulo and Rio de Janeiro newspapers this morning. Reuters cannot vouch for the accuracy of these stories. GAZETA MERCANTIL BRAZIL SETS AUTO IMPORT QUOTA -- Brazil's government has agreed to lower tariffs by 50 percent on 50,000 automobile imports. The deal, which should be published Tuesday, will mainly benefit Japan, which will be allowed to export 22,000 vehicles at special rate. BRAZIL INVESTS IN NUCLEAR POWER -- Brazil's plans to upgrade its fledgling nuclear power industry by investing in cutting-edge equipment. ITAU AND BRADESCO BANKS FIGHT FOR NUMBER ONE SLOT Rivals Brazilian banks Itau and Bradesco are slugging it out for the title largest asset manager in the country. - - - FOLHA DE S. PAULO WORKERS PARTY CALLS PRESIDENTIAL ELECTIONS ILLEGITIMATE -- The head of Brazil's Workers Party (PT) Jose Dirceu said this year's presidential elections were rife with ''fraud,'' ''corrupting'' the democratic process. PT candidate Luis Inacio Lula da Silva was trailing by 17 percentage points to incumbent President Fernando Henrique Cardoso, according to the most recent election poll. BNDES HOLDS STAKE IN FOUR OF TELEBRAS UNITS -- Brazil's National Development Bank (BNDES) hold investments in four of the 12 Telebras units privatized on July 29. - - - O GLOBO RIO DE JANEIRO CAN'T CRACK DOWN ON MEDICAL FRAUD -- Rio de Janeiro state's police force dedicated to investigating the rampant falsification of medicine is too small to be effective. RIO DE JANEIRO VOTERS WANT BETTER HEALTH CARE -- Voters in Rio de Janeiro state would prefer an improvement in health care services than an increase in the number of working hospitals. -------------------------------------------------------------------------------- Related News Categories: international -------------------------------------------------------------------------------- Help -------------------------------------------------------------------------------- Copyright c 1998 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon See our Important Disclaimers and Legal Information. Questions or Comments?