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

To: Tony van Werkhooven who wrote (11812)	1/15/1999 12:04:00 PM
From: Steve Fancy	Read Replies (1) \| Respond to of 22640

Mirror license auction results...1200 GMT. What time will we see these results? Sorry for the stupidty. sf

To: Tony van Werkhooven who wrote (11812)	1/15/1999 12:06:00 PM
From: Steve Fancy	Respond to of 22640

IMF not yet ready to judge Brazil currency float Reuters, Friday, January 15, 1999 at 11:17 BOSTON, Jan 15 (Reuters) - IMF First Deputy Managing Director Stanley Fischer said on Friday it was too early to assess the likely impact of Brazil's decision to let its currency, the real, float. Fischer was speaking by video link at an investment conference in Boston. "It's very early to be drawing any firm conclusions now on Brazil," Fischer said in response to a question. "Questions on exchange rate systems, on how to make them more flexible and when, is high on the agenda," he added. Brazil attempted to stage a controlled devaluation on Wednesday when it allowed the real to fall more than 8 percent against the dollar. But the Central Bank's attempts to keep it there were put under severe strain by massive dollar outflows. Bowing to overwhelming pressure to let the real float, Brazil on Friday gave up defending its currency. 898-8383, washington.economic.newsroom@reuters.com)) Copyright 1999, Reuters News Service