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

To: Steve Fancy who wrote (9661)	11/12/1998 8:05:00 PM
From: Steve Fancy	Respond to of 22640

IADB sees Latam growth falling to 1-1.5 pct in '99 Reuters, Thursday, November 12, 1998 at 14:15 WASHINGTON, Nov 12 (Reuters) - Inter-American Development Bank President Enrique Iglesias said on Thursday he expected growth across Latin America to slow in 1999 to 1-1.5 percent from 2.5 percent this year because of the global crisis. Iglesias also told a news conference that the bank's board of governors was expected later on Thursday to approve $10 billion in new emergency financing to help Latin America get through the crisis. That package will include $3.4 billion for Brazil. The IADB in September approved a $1.1 billion loan for Brazil to help in the development of small- and medium-sized enterprises. The $3.4 billion IADB loan, part of a much larger international rescue package, will charge Brazil about four percentage points over market rates and run for five years. Iglesias said two other Latin American states had asked for emergency loans from the IADB. He said the bank's board would consider a $2.5 billion loan for Argentina and a $1.25 billion credit for Colombia during its Thursday-Friday session. Iglesias said there were clear signs that Latin America was overcoming the financial crisis, which started in Asia and has spread to emerging markets around the globe. "The external situation has calmed down a lot," Iglesias said. He said an recent agreement between Group of Seven industrial nations to create a new precautionary credit line at the IMF had helped to restore calm to markets. Iglesias said Brazil's international rescue package, expected to be announced as early as Friday, would also help shore up investor confidence. He called Brazil's economic program "serious and credible." Iglesias noted that Latin American shares were up about 50 percent overall in the last two months in a sign the region was recovering. 898-8383, washington.economic.newsroom@reuters.com)) Copyright 1998, Reuters News Service

To: Steve Fancy who wrote (9661)	11/12/1998 8:07:00 PM
From: Steve Fancy	Respond to of 22640

INTERVIEW-Brazil to save key fiscal votes to last Reuters, Thursday, November 12, 1998 at 19:52 By William Schomberg BRASILIA, Nov 12 (Reuters) - The Brazilian government is making headway with its anti-crisis austerity plan in Congress but the most controversial measures have yet to be voted, a senior government lawmaker said Thursday. "From what we have seen so far, things are going well," Deputy Arnaldo Madeira, the government's chief whip in the lower house, told Reuters. The government secured approval from both houses of Congress late Wednesday for four of a total 12 presidential decrees included in the austerity plan. Copyright 1998, Reuters News Service

To: Steve Fancy who wrote (9661)	11/12/1998 8:14:00 PM
From: Steve Fancy	Respond to of 22640

Closing figures for the Baby Bras Preferred shares on the Bovespa for: 11/12/1998 ******* The 12 Baby Bra preferred shares represent the Bovespa close at 3:00...NYSE close may be different Company Type Symbol OPEN HIGH LOW CLOSE CHG TRADES $ VOLUME ======= ==== ====== ===== ===== ===== ===== ===== ====== ============ EMBRATEL PAR PN * EBTP4 18.00 18.40 17.00 17.50 - 2.23% 387 715,100,000 TELE CL SUL PN * TCSL4 1.58 1.60 1.45 1.46 -10.97% 261 876,500,000 TELE CTR OES PN * TCOC4 1.00 1.07 0.98 1.01 - 0.98% 218 926,600,000 TELE CTR SUL PN * TCSP4 10.50 11.20 10.25 10.30 - 4.62% 337 693,500,000 TELE LEST CL PN * TLCP4 0.59 0.66 0.58 0.59 - 4.83% 203 761,200,000 TELE NORD CL PN * TNEP4 0.85 0.85 0.70 0.70 -15.66% 202 659,500,000 TELE NORT CL PN * TNCP4 0.34 0.35 0.30 0.32 - 5.88% 210 766,200,000 TELE NORT LE PN * TNLP4 18.00 18.00 15.30 15.39 -13.05% 331 654,700,000 TELE SUDESTE PN * TSEP4 5.18 5.40 4.90 5.36 + 5.09% 343 951,700,000 TELEMIG PART PN * TMCP4 1.43 1.48 1.40 1.41 - 1.39% 192 807,300,000 TELESP CL PA PN * TSPP4 10.10 10.80 10.00 10.00 - 0.99% 359 878,500,000 TELESP PART PN * TLPP4 31.00 32.30 30.00 30.00 - 4.76% 308 615,200,000 ------ R$ 94.04 R$ 94.04 / 1.1913 = US$ 78.94 Closing figures for the Baby Bras Common shares on the Bovespa for: 11/12/1998 These shares trade only in Brazil (Control or Voting shares), will not match up to US ADR Company Type Symbol OPEN HIGH LOW CLOSE CHG TRADES $ VOLUME ======= ==== ====== ===== ===== ===== ===== ===== ====== ============ EMBRATEL PAR ON * EBTP3 10.50 11.00 10.00 10.19 + 1.90% 28 12,600,000 TELE CL SUL ON * TCSL3 0.86 0.87 0.82 0.82 - 4.65% 9 25,300,000 TELE CTR OES ON * TCOC3 0.73 0.73 0.67 0.68 - 1.44% 8 3,700,000 TELE CTR SUL ON * TCSP3 6.30 6.35 5.80 5.80 - 3.33% 15 14,000,000 TELE LEST CL ON * TLCP3 0.39 0.45 0.39 0.44 +12.82% 31 1,386,200,000 TELE NORD CL ON * TNEP3 0.50 0.50 0.45 0.45 -10.00% 13 63,100,000 TELE NORT CL ON * TNCP3 0.26 0.26 0.24 0.24 = 0.00% 16 220,400,000 TELE NORT LE ON * TNLP3 10.10 10.10 8.50 8.90 - 9.18% 22 14,800,000 TELE SUDESTE ON * TSEP3 2.80 2.80 2.65 2.70 - 3.57% 7 7,700,000 TELEMIG PART ON * TMCP3 0.92 0.92 0.86 0.86 - 6.52% 12 92,700,000 TELESP CL PA ON * TSPP3 6.00 6.20 5.00 5.00 -13.94% 21 19,100,000 TELESP PART ON * TLPP3 21.00 21.00 18.99 19.00 - 7.31% 12 5,400,000 Closing figures for Telebras receipts on the Bovespa for: 11/12/1998 These symbols are kind of the US TBH equivalent without the crazy premium. I believe the first two are the normal receipts, don't know about rest...anyone? Company Type Symbol OPEN HIGH LOW CLOSE CHG TRADES $ VOLUME ======= ==== ====== ===== ===== ===== ===== ===== ====== ============ TELEBR RCTB RON* RCTB30 57.00 60.00 53.40 55.50 - 4.31% 201 223,500,000 TELEBR RCTB RPN* RCTB40 97.00 99.20 93.20 93.50 - 3.80% 1063 2,357,200,000 TELEBR RCTB RPN* RCTB40T 99.24 99.25 95.65 95.65 0.00% 8 5,500,000 TELEBR RCTB RPN* RCTB40T 101.38 101.38 101.37 101.37 0.00% 2 300,000 TELEBR RCTB RON* RCTB30T 63.13 63.55 63.13 63.55 0.00% 3 1,200,000 RCTB RPN* RCTBL15 0.00 0.00 0.00 0.00 / 0.00% 0 0 RCTB RPN* RCTBL18 14.10 14.80 11.10 11.80 -12.59% 41 104,000,000 RCTB RPN* RCTBL28 30.70 30.70 27.00 27.00 -12.33% 3 22,000,000 RCTB RPN* RCTBL3 7.00 9.00 6.20 6.60 -12.00% 673 1,210,000,000 RCTB RPN* RCTBL30 22.10 22.10 18.60 18.60 -15.45% 3 14,000,000 RCTB RPN* RCTBL4 3.80 4.60 2.90 3.20 -13.51% 2127 4,704,000,000 RCTB RPN* RCTBL5 1.60 2.00 1.20 1.30 -21.21% 1210 2,751,000,000 RCTB RPN* RCTBL6 0.62 0.80 0.45 0.50 -19.35% 152 462,000,000 RCTB RPN* RCTBL7 39.70 39.70 36.00 36.00 +10.87% 2 10,000,000 RCTB RPN* RCTBB11 7.25 7.25 6.25 6.25 -13.79% 5 90,000,000 TELEBR RCTB RON* RCTB30F 58.00 59.21 54.00 56.50 - 2.58% 46 847,929 TELEBR RCTB RPN* RCTB40F 97.00 99.00 93.31 93.31 - 4.00% 55 1,035,333 Closing figures for other Baby Bra related symbols on the Bovespa for: 11/12/1998 Have no idea what these are...options? Anyone know or want to help figure it out? Company Type Symbol OPEN HIGH LOW CLOSE CHG TRADES $ VOLUME ======= ==== ====== ===== ===== ===== ===== ===== ====== ============ TELESP PART PN * TLPP4T 32.25 32.26 30.89 30.89 0.00% 4 10,000,000 TELEMIG PART PN * TMCP4T 1.51 1.52 1.51 1.52 0.00% 4 20,000,000 EMBRATEL PAR ON * EBTP3F 10.60 10.60 10.01 10.01 + 0.10% 4 92,983 EMBRATEL PAR PN * EBTP4F 18.10 18.50 18.10 18.50 + 3.35% 5 85,000 TELE CL SUL ON * TCSL3F 0.85 0.85 0.80 0.80 - 6.97% 2 30,063 TELE CL SUL PN * TCSL4F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELE CTR OES ON * TCOC3F 0.65 0.69 0.65 0.69 = 0.00% 2 80,865 TELE CTR OES PN * TCOC4F 0.98 0.98 0.98 0.98 - 3.92% 1 5,365 TELE CTR SUL ON * TCSP3F 6.10 6.50 5.56 6.20 + 3.33% 5 129,983 TELE CTR SUL PN * TCSP4F 11.00 11.00 10.01 10.01 - 7.31% 3 113,000 TELE LEST CL ON * TLCP3F 0.39 0.39 0.39 0.39 = 0.00% 1 19,983 TELE LEST CL PN * TLCP4F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELE NORD CL ON * TNEP3F 0.47 0.50 0.47 0.47 - 2.08% 3 138,999 TELE NORD CL PN * TNEP4F 0.78 0.78 0.78 0.78 - 6.02% 1 99,999 TELE NORT CL ON * TNCP3F 0.24 0.24 0.24 0.24 + 4.34% 1 19,983 TELE NORT CL PN * TNCP4F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELE NORT LE ON * TNLP3F 9.30 9.30 9.30 9.30 - 5.10% 1 19,983 TELE NORT LE PN * TNLP4F 17.00 17.20 15.91 15.91 -10.11% 7 166,200 TELE SUDESTE ON * TSEP3F 2.45 2.45 2.45 2.45 -12.50% 1 19,983 TELE SUDESTE PN * TSEP4F 5.30 5.30 5.30 5.30 + 3.92% 2 60,000 TELEMIG PART ON * TMCP3F 0.86 0.86 0.86 0.86 - 6.52% 1 19,983 TELEMIG PART PN * TMCP4F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELESP CL PA ON * TSPP3F 5.55 5.80 5.31 5.80 - 0.17% 5 101,487 TELESP CL PA PN * TSPP4F 10.50 11.00 10.50 11.00 + 8.91% 3 50,000 TELESP PART ON * TLPP3F 20.00 20.00 19.10 19.10 - 6.82% 4 79,983 TELESP PART PN * TLPP4F 32.00 32.00 29.51 32.00 + 1.58% 5 137,900 Closing figures for other Telebras related symbols on the Bovespa: 11/12/1998 These symbols are for the 52 individual companies, no match to anything, provided FWIW. Company Type Symbol OPEN HIGH LOW CLOSE CHG TRADES $ VOLUME ======= ==== ====== ===== ===== ===== ===== ===== ====== ============ TELEBAHIA ON * TEBA3 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEBAHIA PNA* TEBA5 27.00 27.03 26.01 26.01 - 7.10% 9 1,960,000 TELEBAHIA PNB* TEBA6 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEBAHIA CL ON * TBAC3 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEBAHIA CL PNB* TBAC6 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEBAHIA CL PNC* TBAC7 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEBRAS ON * TELB3 0.09 0.09 0.08 0.09 +12.50% 17 18,400,000 TELEBRAS PN * TELB4 0.13 0.13 0.12 0.12 = 0.00% 188 1,046,000,000 TELEBRASI CL ON * TBRC3 42.00 42.00 42.00 42.00 - 8.69% 1 20,000 TELEBRASI CL PNB* TBRC6 55.01 60.00 55.01 60.00 + 5.26% 7 80,000 TELEBRASILIA ON * TBRS3 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEBRASILIA PN * TBRS4 103.99 103.99 103.99 103.99 - 1.43% 1 10,000 TELEMIG ON * TMGR3 28.90 28.90 23.49 24.50 + 2.08% 5 50,000 TELEMIG PNB* TMGR6 41.00 42.00 39.00 39.00 - 6.02% 36 19,850,000 TELEMIG PND* TMGR8 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEMIG CL PNE* TMGC11 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEMIG CL ON * TMGC3 11.00 11.00 11.00 11.00 + 4.66% 1 10,000 TELEMIG CL PNB* TMGC6 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEMIG CL PNC* TMGC7 16.00 16.20 15.61 15.72 - 3.85% 7 2,600,000 TELEPAR ON * TEPR3 110.00 110.00 110.00 110.00 = 0.00% 4 570,000 TELEPAR PN * TEPR4 233.00 233.00 225.01 229.00 - 1.72% 34 1,746,000 TELEPAR CL ON * TPRC3 35.99 36.00 35.99 36.00 - 2.70% 2 16,000 TELEPAR CL PNB* TPRC6 63.10 63.10 61.50 62.49 - 1.59% 22 2,901,000 TELERJ ON * TERJ3 23.80 24.00 23.80 24.00 - 4.00% 5 110,000 TELERJ PN * TERJ4 43.00 44.45 40.88 41.00 - 6.39% 290 103,570,000 TELERJ CL ON * TRJC3 24.00 24.10 24.00 24.00 = 0.00% 6 90,000 TELERJ CL PNB* TRJC6 40.49 40.49 36.51 36.51 - 9.85% 63 35,270,000 TELESP ON * TLSP3 140.00 145.00 135.00 144.99 = 0.00% 20 1,590,000 TELESP PN * TLSP4 215.00 215.00 206.00 206.00 - 2.83% 415 96,440,000 TELESP CL ON * TSPC3 36.00 36.80 35.50 36.00 = 0.00% 39 21,640,000 TELESP CL PNB* TSPC6 62.50 65.00 61.50 63.50 + 0.79% 118 48,340,000 TELEBAHIA ON * TEBA3F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEBAHIA PNA* TEBA5F 25.00 25.00 25.00 25.00 -10.71% 1 6,961 TELEBAHIA PNB* TEBA6F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEBAHIA CL ON * TBAC3F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEBAHIA CL PNB* TBAC6F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEBRAS ON * TELB3F 0.07 0.07 0.07 0.07 -12.50% 2 19,983 TELEBRAS PN * TELB4F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEBRASI CL ON * TBRC3F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEBRASI CL PNB* TBRC6F 50.10 56.50 50.10 56.00 - 1.75% 3 11,052 TELEBRASILIA ON * TBRS3F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEBRASILIA PN * TBRS4F 105.00 105.00 100.00 100.00 - 5.21% 4 6,674 TELEMIG ON * TMGR3F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEMIG PNA* TMGR5F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEMIG PNB* TMGR6F 38.11 38.11 38.11 38.11 - 8.16% 1 1,875 TELEMIG PND* TMGR8F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEMIG CL ON * TMGC3F 10.00 10.00 10.00 10.00 - 4.85% 1 749 TELEMIG CL PNB* TMGC6F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEMIG CL PNC* TMGC7F 15.50 15.50 15.00 15.00 - 8.25% 3 9,799 TELEPAR ON * TEPR3F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEPAR PN * TEPR4F 226.02 230.00 223.01 223.01 - 4.29% 14 3,153 TELEPAR CL ON * TPRC3F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEPAR CL PNB* TPRC6F 63.01 63.02 60.02 60.02 - 5.48% 8 2,424 TELERJ ON * TERJ3F 23.02 23.80 23.01 23.21 - 7.16% 11 33,123 TELERJ PN * TERJ4F 43.51 44.19 40.11 41.10 - 6.16% 18 52,257 TELERJ CL ON * TRJC3F 23.89 24.50 23.50 23.50 - 0.88% 9 20,865 TELERJ CL PNB* TRJC6F 39.01 39.50 36.51 36.51 - 9.85% 16 39,211 TELESP ON * TLSP3F 138.00 140.00 135.01 135.01 - 6.88% 7 29,517 TELESP PN * TLSP4F 207.01 214.00 201.50 201.51 - 4.94% 37 150,052 TELESP CL ON * TSPC3F 34.22 36.06 34.22 36.06 - 2.54% 7 29,303 TELESP CL PNB* TSPC6F 62.00 64.00 60.00 64.00 + 1.58% 21 102,959