Around the World's Markets: Sao Paulo
Thursday 21 January 1999
The Bovespa index rose 4 per cent to 7,677.62 as the lower house debated a bill to introduce a tax on state pensioners.
The measure would cut Brazil's $46.8bn deficit by $2bn and help the country to qualify for emergency loans from international lenders. It would also help to restore fragile investor confidence in Brazil's financial and economic health.
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