March 7 - Menudo hits the United States charts with "Indianapolis" and "Like a Cannonball", both of which were on the soundtrack of Cannonball Run 2[?]. Ironically, this would be the beginning of the end of Menudo's golden era.
August 1 - Michael Jackson purchases the publishing rights for most of the Beatles' music for $47 million, much to the dismay of the surviving members of the band.
... on structural reform, Brazil received a USD 41.5 billion IMF-led international support program in November 1998. In January 1999, the Brazilian Central Bank ...