Author: Vitaliy Dadalyan

Boeing to have 51 percent stake in venture with Embraer – paper

Boeing to have 51 percent stake in venture with Embraer - paper

Boeing Co will have a 51 percent stake in a joint company currently being negotiated with Brazilian aircraft maker Embraer, O Globo newspaper columnist Lauro Jardim reported on Sunday. Boeing has agreed to a Brazilian government demand that the U.S. company have no more than a 51 percent controlling share, Jardim said, without citing sources. Embraer said it would not comment on the matter.


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Oil hits nearly three-week high as Saudi Arabia to keep output well below cap

Oil hits nearly three-week high as Saudi Arabia to keep output well below cap

Oil prices extended gains to hit their highest level in nearly three weeks on Monday, supported by comments from Saudi Arabia that it would continue to curb exports in line with the OPEC-led effort to cut global supplies. London Brent crude gained 12 cents, or 0.2 percent, to $67.43, after climbing nearly 4 percent last week. "The rise in equities made it easier to buy risk assets such as oil," said Tomomichi Akuta, senior economist at Mitsubishi UFJ Research and Consulting in Tokyo.


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