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

To: djane who wrote (7285)	8/31/1998 12:11:00 PM
From: djane	Respond to of 22640

Brazil's Central Bank lowers its reais mini-band Monday August 31, 9:19 am Eastern Time SAO PAULO, Aug 31 (Reuters) - Brazil's Central Bank lowered its mini-band on the real currency by buying dollars at 1.1695 and selling at 1.1795 reais per dollar in the commercial foreign exchange market, dealers said. The previous mini-band was set on Wednesday at between 1.1685 and 1.1785 reais per dollar. Monday's auction was the seventh time this month the bank has nudged the mini-band lower and represents a 0.09 percent decline from the previous mini-band. The Central Bank usually changes the mini-band five to seven times each month. So far this month, the Central Bank has shifted the mini-band 0.60 percent lower. In the last six months, the Central Bank has lowered the mini-band between 0.60 percent and 0.63 percent each month. Related News Categories: currency, international Help Copyright c 1998 Reuters Limited. All rights reserved.

To: djane who wrote (7285)	8/31/1998 12:17:00 PM
From: djane	Respond to of 22640

Fiscal adjustment estimated to lead to dismissals Aug/31/98 at 09h06 am ET Sao Paulo, 31 - The fiscal adjustment the government plans to carry out after the October elections should lead to the dismissal of 800,000 to 1 million workers, according to M rcio Pochmann, professor at Campinas university Unicamp. With deflation and higher unemployment, workers of the banking and chemistry sectors have already kicked off a salary campaign, but analysts believe they have little chance of getting a raise. (O Estado de S. Paulo/ Jornal da Tarde. Edited by Sergio Caldas) Copyright c 1996 Agˆncia Estado. All Rights Reserved.