31.   Analysts said San Paolo also could be raising cash to participate in future state asset sales.

32.   Any postponement in the asset sale is seen as jeopardizing prospects the government will close its deficit.

33.   Approval is considered likely, and the resolution then will be presented to Congress, said officials for the fund that oversees state asset sales.

34.   Argentaria attributed the fall in earnings to weaker lending profit and a sharp drop in one-time income from asset sales.

35.   As a result, Communist Refoundation leader Fausto Bertinotti has been able to veto government policy on budget cuts and state asset sales.

36.   As is common in Brazilian state asset sales, there is opposition from unions and anti-privatization groups to the auction of the Rio subway.

37.   As many European phone carriers struggle with debt, the company is hardly operating in the best climate to raise cash from asset sales.

38.   Asset sales are necessary, analysts say, but Nissan has not really tackled its cost structure.

39.   Asset sales contributed to the decline.

40.   Asset sales have included its restaurant businesses to Charterhouse and Le Duff.