Brazil's Embraer not in trouble, has bright future - Treasury Secretary

Reuters

Updated Tue, May 5, 2020, 11:18 AM1 min read

In this article:

BRASILIA, May 5 (Reuters) - Brazil's Treasury Secretary Mansueto Almeida on Tuesday denied that planemaker Embraer is in trouble and faces a difficult future after the recent collapse of the $4.2 billion sale of its commercial jet arm to Boeing.

Speaking in an online discussion hosted by consultancy Arko Advice, Almeida said he was unaware of reports that Embraer is in talks with development bank BNDES over a $1 billion rescue package. Embraer confirmed on Tuesday it is considering a range of financing options, including with the BNDES. (Reporting by Marcela Ayres Writing by Jamie McGeever)

Mark Zuckerberg got $24.4 million in ‘other compensation’ in 2023—but Meta also treated staff well, with the median employee making $379,000
On paper, Mark Zuckerberg is Meta’s lowest-paid employee, with a $1 dollar salary and no bonus.
Fortune•7h ago
$433 Billion Gone! One Stock Loses More Value Than Tesla
Tesla's loss of $328.3 billion this year in stock value certainly hurts. But it's only the second-largest market value loss in the S&P 500.
Investor's Business Daily•7h ago
Suze Orman Decided To Drop Homeowners Insurance After An Outrageous Quote: '$28,000 For A 2,100-Square-Foot Condo. Are You Kidding Me?'
Finance expert Suze Orman has voiced concerns about the impact of climate change on property insurance costs, asserting it could threaten the American dream of homeownership. Orman, 72, faced a $28,000 annual insurance quote for her Florida oceanside condo, leading her to forego coverage entirely. She highlights a troubling trend where soaring insurance costs driven by frequent and severe weather events may deter Americans from buying homes. Don't Miss: For many first-time buyers, a house is abo
Benzinga•1d ago
JPMorgan’s ‘Bloody Friday’: Why Several Top Financial Advisors Jumped Ship the Same Day
Six teams managing nearly $15 billion in total assets quit JPMorgan Chase’s brokerage unit to join competitors last Friday. Here’s what may have triggered their departures.
Barrons.com•1d ago
Want Decades of Passive Income? 2 Energy Stocks to Buy Now and Hold Forever
The energy sector is going through a big transition, but these two industry giants are trying to change along with it.
Motley Fool•11h ago
Florida’s Home Insurance Industry May Be Worse Than Anyone Realizes
(Bloomberg) -- Seven property insurers in Florida went bankrupt in 2021 and 2022. The bankruptcies left thousands of homeowners scrambling to get new coverage, which often came with a big increase in cost. Worse, many had outstanding claims for hurricane damage that had not been addressed.Most Read from BloombergBiden’s Gains Against Trump Vanish on Deep Economic Pessimism, Poll ShowsTaylor Swift Is Proof That How We Critique Music Is BrokenBiden’s New Chopper Is Demoted After Scorching White Ho
Bloomberg•8h ago
Oracle to Move Headquarters Again, This Time to Nashville
CEO Larry Ellison said the relocation will help the company better integrate with the healthcare industry.
The Wall Street Journal•19h ago
Russian court orders seizure of JPMorgan Chase funds in VTB lawsuit
A Russian court has ordered the seizure of funds in JPMorgan Chase bank accounts in Russia, court filings showed on Wednesday, in a lawsuit filed by state-owned bank VTB as it seeks to regain funds blocked abroad. JP Morgan Chase last week sued VTB in New York to halt its efforts to recover $439.5 million from an account that was blocked after Russia despatched its army to Ukraine in 2022 and VTB was hit with sanctions.
Reuters•9h ago
The IRS says it’s going after wealthy tax cheats. Here’s what new audit stats show.
After Congress approved billions of extra funding for tax compliance, the Internal Revenue Service pledged it would get tougher on rich taxpayers and corporations while avoiding extra scrutiny of middle-class households.
MarketWatch•1d ago
How Beijing buried Western industry under a wave of cheap electric cars
China has seized on the net zero transition to launch an electric car manufacturing push that’s gone from nought to 60 in the blink of an eye and is now poised to reshape the global car industry beyond all recognition.
The Telegraph•7h ago

News

Life

Entertainment

Finance

Sports

New on Yahoo

Yahoo Finance

Brazil's Embraer not in trouble, has bright future - Treasury Secretary

Recommended Stories

Mark Zuckerberg got $24.4 million in ‘other compensation’ in 2023—but Meta also treated staff well, with the median employee making $379,000

$433 Billion Gone! One Stock Loses More Value Than Tesla

Suze Orman Decided To Drop Homeowners Insurance After An Outrageous Quote: '$28,000 For A 2,100-Square-Foot Condo. Are You Kidding Me?'

JPMorgan’s ‘Bloody Friday’: Why Several Top Financial Advisors Jumped Ship the Same Day

Want Decades of Passive Income? 2 Energy Stocks to Buy Now and Hold Forever

Florida’s Home Insurance Industry May Be Worse Than Anyone Realizes

Oracle to Move Headquarters Again, This Time to Nashville

Russian court orders seizure of JPMorgan Chase funds in VTB lawsuit

The IRS says it’s going after wealthy tax cheats. Here’s what new audit stats show.

How Beijing buried Western industry under a wave of cheap electric cars