In the event the EU does not pay up, Brazil is likely to impose additional tariffs on hike up existing ones, including the one on powdered milk. Following the imposition of import tariffs by the European Union on Brazil, the… Read More ›
Brazilian
Brazilian planemaker Embraer SA to shell out $1.6 billion to $1.7 billion in extraordinary dividends
The bulk of proceeds stem from the Embraer SA’s recent deal with Boeing, wherein the latter took a 80% stake in the commercial aircraft business of Embraer. The move is expected to reshape the global passenger aircraft industry. As per… Read More ›
Swiss financial watchdog raps Credit Suisse for non-compliance to Swiss anti-money laundering processes
FINMA’s investigation has focused on Credit Suisse failing to combat corruption in cases linked to soccer body FIFA and Venezuelan and Brazilian state oil companies. On Monday, Swiss finance industry watchdog FINMA stated, the operations of Swiss multinational investment bank… Read More ›
Brazilian farmers switch to soy midst increased demand from China
The rising trade war between ther United States and China is reshaping Brazil’s agricultural business. China’s investment in Brazil has also jumped to its 7-year high. To a large extent, the outcome of China’s gamble in Brazil will be weighed… Read More ›
Boeing’s acquisition of Embraer’s commercial aviation division in final stage of negotiations
The deal could potential the creation of a new company controlled by Boeing which will focus on commercial aviation while Embraer would stick to creating business jets and aircrafts for defense. As per a report by Brazil’s largest financial newspaper… Read More ›
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