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Aircraft companies Boeing and Embraer entered into a strategic partnership agreement providing for the purchase by American Boeing 80% of joint venture with Brazilian Embraer for 4 billion 200 million dollars. The remaining 20% of the joint venture will be owned by Embraer. The joint venture includes the production of commercial aircraft and customer service. Companies have yet to get approval for the deal by the Brazilian government, shareholders and regulators. Companies expect another deal to close next year. It involves the creation of another joint venture, which will promote the Embraer KC-390 medium-range aircraft in the new markets. 51% of this company’s shares will be owned by Embraer, 49% - by Boeing.
Indonesia on Wednesday rolled out a 100 trillion Rupiah ($6.92 billion) loan guarantee scheme for prioritized businesses to keep them afloat as the COVID-19 situation continued to worsen around the world, the country’s finance minister ...
Britain on Wednesday signed a supply deal for up to 60 million doses of a possible COVID-19 vaccine that is being developed by pharmaceutical companies GlaxoSmithKline (GSK) and Sanofi. The financial details of the agreement were not disclosed. However, ...
Bloomberg News reported on Thursday that Elon Musk’s Space Exploration Technologies Corp. (SpaceX) is in talks to raise new funds at a valuation of $44 billion. The aerospace company said that it is in discussions with a number of investors ...
On Tuesday, Ebay Inc. (EBAY.O) announced that it had reached a deal to sell off its classified ads business unit to Adevinta ASA (AD5B), a Norway-based classified ads publisher owned by Danish media company Schibsted (SBSTA.OL). The classified ...
The Securities and Exchange Commission (SEC) announced on Monday that UBS Financial Services Inc. (UBSG) would pay more than $10 Million to resolve charges regarding certain municipal bond offerings. UBS has agreed to pay the fine after SEC ...
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