MCI beats Sprint for Brazil's long-distance
Article Abstract:
MCI won over Sprint with a bid of $2.26 billion for a controlling stake in Brazil's long-distance telephone company Embratel, one of 12 units being auctioned of the state-run telecommunications firm Telebras. The control of Embratel with the existing operations in Europe and North America will provide MCI, which is to be acquired by World Com, and WorldCom a solid base for a global network. Michael Rowny, executive vice president of MCI, said the telecommunications market of Brazil has a great potential for expansion because of its present telephone distribution of only 11.5 phones for every 100 people.
Comment:
Wins over Sprint with a bid of $2.26 bil to acquire a controlling stake in Brazil's long-distance telephone company Embratel
Publication Name: USA Today
Subject: News, opinion and commentary
ISSN: 0734-7456
Year: 1998
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Japan stocks slip as bank reform worries emerge
Article Abstract:
The stock market in Japan fell in early trading as investors wondered if plans for bank reforms would turn the country's struggling economy around. On October 12, 1998, Japanese politicians passed legislation that would permit the government to either takeover failing banks or closed them down. A second measure is expected to be passed by the Diet that would allow the use of goverment funds to keep struggling banks afloat.
Comment:
Japan: Stock market falls in early trading as investors wonder if plans for bank reforms will turn Japanese economy around
Publication Name: USA Today
Subject: News, opinion and commentary
ISSN: 0734-7456
Year: 1998
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Courting gourmet cups
Article Abstract:
Brazilian coffee growers are intensifying their marketing efforts for their premium beans to higher-end markets in the US. The growers are trying to overcome the low-quality image of their beans in the world market. While Brazil produces one-third of world coffee bean production, the upscale coffee consumers in the US prefer the estate-grown beans of Kenya, Guatemala and Jamaica.
Publication Name: USA Today
Subject: News, opinion and commentary
ISSN: 0734-7456
Year: 1999
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