Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: steve kammerer who wrote (7086)	8/25/1998 1:22:00 AM
From: MGV	Read Replies (1) \| Respond to of 22640

Brazil shrs end lower on more emerging mkt unease Brokers said investors did not take heart from news that Russian President Boris Yeltsin replaced the prime minister and the entire cabinet to climb out of its economic quagmire. ''Investors here are afraid Brazil runs a similar risk. The biggest worries are that more dollars might leave the country if things get worse,'' said one stock broker. Brazil's Central Bank reported that the country's forex market had suffered a huge one-day net outflow of $2.89 billion on Friday -- posting its largest net outflow since Oct. 28. Addressing the recent forex jitters, the central bank announced late Monday afternoon that it will adopt a set of measures aimed at drawing more dollars into the country. biz.yahoo.com