Embraer shares take off after Bolsonaro approves Boeing merger
Boeing will now control 80 percent of Embraer's business with only the Brazilian company's military division remaining independent (AFP Photo/ERIC PIERMONT)/ Sao Paulo (AFP) - The share price in Brazilian airplane manufacturer Embraer soared Friday as markets reacted favorably to the country's President Jair Bolsonaro approving a merger with us giant Boeing. The share price jumped 7.43 percent on the Sao Paulo stock exchange, despite Ibovespa falling 0.28 percent. It came a day after Bolsonaro announced he wouldn't be using his veto powers ...
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