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

To: djane who wrote (7231)	8/28/1998 10:35:00 AM
From: djane	Respond to of 22640

Revised trade balance shows US$360m deficit in July - rpt Aug/28/98 at 09h49 am ET Sao Paulo, 28 - The Brazilian trade balance registered a deficit of US$361m in July, according to revised data, with exports at US$4.970bn and imports at US$5.331bn. Considering the consolidated data released by the Industry, Commerce and Tourism Ministry (MICT), the deficit accumulated in the year to July has risen to US$ 2.362bn, a figure 47% lower than that registered in the same period of the year before (US$4.457bn), while July's deficit alone is 49.51% lower in comparison to the same month of 1997. Considering the result registered the year to date, the Brazilian trade balance has already accumulated a negative balance of US$2.860bn. (By Raquel Stenzel) Copyright c 1996 Agˆncia Estado. All Rights Reserved.

To: djane who wrote (7231)	8/28/1998 10:37:00 AM
From: djane	Respond to of 22640

Deutsche reiterates its optimistic outlook on Brazil -rpt Aug/28/98 at 09h19 am ET Sao Paulo, 28 - Deutsche Bank released yesterday a communiqu‚ clarifying its view on Brazil's current economic scenario, after coming under fire in the Brazilian press for a report on the country's economy published by the bank's Emerging Markets Research Group in May 27, 1998. The bank said it has a "generally optimistic outlook" on Brazil, which according to Deutsche Bank's senior analysts, the Brazilian government has shown its full commitment with the Real Plan through the adequate management of the country's economy and politics in several recent situations. The unprecedented events involving Russia's internal debt wound up affecting significantly international markets. Deutsche Bank finally emphasized that Brazil's fundamentals as well as the economy as a whole are much stronger and solider than Russia's. [Repeat after me, Brazil is not Russia...] (By Regina Cardeal) Copyright c 1996 Agˆncia Estado. All Rights Reserved.

To: djane who wrote (7231)	8/28/1998 10:39:00 AM
From: djane	Respond to of 22640

Gov't adopts new measures to halt foreing capital outflow Aug/28/98 at 08h45 am ET Sao Paulo, 28 - The government adopted three new measures yesterday aimed at restricting the foreign capital outflow, attracting more investments and protecting the international reserves. From now on, no income tax will be charged on foreign capital fixed-yield funds, on the conversion of foreign loans into investments and on loan remittances staying in the country for less than eight years. The first measure will be valid from September 1st through March 31st, 1999. The others take effect today and have no date scheduled to be altered. Before the government's decision, the income tax rate was at 15%. On Wednesday (26), foreign capital fixed-yield funds totaled US$5.5bn. As on July 31st those investments amounted to US$7.8bn, it means that in August alone US$2.3bn have already left the country. (O Estado de S. Paulo/ Jornal da Tarde/ Folha de S.Paulo/ Jornal do Brasil/ O Globo. Edited by Sergio Caldas) Copyright c 1996 Agˆncia Estado. All Rights Reserved.