Investments

Tuesday, June 25th 2019 - 08:51 UTC
Pilots started class-action lawsuit accusing Boeing of covering up the 737 MAX faulty sensor

An airline pilot, identified only as ‘Pilot X’ in court documents, started a class-action lawsuit against Boeing, accusing US plane maker of covering up the 737 MAX’s faulty sensor issue and keeping pilots in the dark about the feature in the pursuit of quick returns.
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Tuesday, June 25th 2019 - 08:35 UTC
Bolsonaro supports Rio to host the F1 Grand Prix starting 2021; Sao Paulo refuses to yield

President Jair Bolsonaro said on Monday there is a “99% chance” that Rio de Janeiro will host Formula One's Brazilian Grand Prix starting in 2021 -- the latest in a battle with Sao Paulo, the current host city.
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Friday, June 21st 2019 - 12:04 UTC
Trump and Trudeau meet to mend fences and push for legislative approval of trade deal

President Donald Trump-hosted his Canadian counterpart Prime Minister Justin Trudeau on Thursday to mend fences after last year's diplomatic meltdown and to push the still un-ratified North American free trade deal.
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Friday, June 21st 2019 - 11:00 UTC
Four EU leaders express concern over EU/Mercosur farm sector deal

French President Emmanuel Macron and three other national leaders warned the European Commission that a trade deal with trade bloc Mercosur “could ultimately destabilize production and the agricultural sector.”
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Thursday, June 20th 2019 - 21:31 UTC
United Airlines reaches US$ 1.9bn deal with Embraer involving 39 E-175

United Airlines has signed twenty firm orders for the Brazilian manufacturer Embraer E-175, which is configured to seat 70 passengers, with an option to acquire 19 more E-175. Total value of the order was put at US$ 1.9 billion, based on the current list price for the aircraft.
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Wednesday, June 19th 2019 - 08:48 UTC
Huge boost for Boeing: IAG (British Airways) orders 200 737 Max, US$ 24bn deal

US aircraft giant Boeing got a welcome vote of confidence in its beleaguered 737 MAX plane on Tuesday when International Airlines Group (IAG), owner of British Airways, said it wanted to buy 200 of the planes.
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Tuesday, June 18th 2019 - 09:45 UTC
Brazil's largest private company, Odebrecht, files for bankruptcy; US$ 20bn in debts

Scandal-ridden Brazil construction giant Odebrecht, which has admitted to spending nearly US$ 800 million to bribe officials across Latin America to win contracts, filed for bankruptcy protection on Monday, judicial sources said.
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Tuesday, June 18th 2019 - 06:36 UTC
French telecoms billionaire Drahi, buys Sotheby's at US$ 3.7 billion

Sotheby's is being bought by telecoms billionaire Patrick Drahi in a deal valuing the auction house at US$ 3.7bn. The company, which has been on the New York stock market for 31 years, will return to private ownership after a troubled period.
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Monday, June 17th 2019 - 09:55 UTC
Massive blackout hits Mercosur; Argentina and Uruguay in the dark for six hours; major investigation promised

A massive blackout left tens of millions of people without electricity in Argentina, Uruguay, Paraguay and parts of Chile and southern Brazil on Sunday. The Argentine president called it an “unprecedented” failure in the countries' interconnected power grid.
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Saturday, June 15th 2019 - 08:20 UTC
Brazil clashes with Indonesia over the blocking of poultry exports

The Brazilian government has formally asked the World Trade Organization (WTO) to open a panel to investigate Indonesian policies on Brazil's poultry exports, the Agriculture Ministry said on Friday.