Brazil’s current account registered a deficit of $50.7bn

Brazil’s external accounts registered a deficit of $ 50.7 billion, the worst result in the last four years, according to information published by the Central Bank. The report says that the result was caused by the trade balance, which in 2019 was $ 13.6 billion below the amount recorded in the previous year. Brazil’s trade surplus decreased from $ 53 billion in 2018 to $ 39.4 billion in 2019, reflecting retractions of 6, 3% in exports and 0.8% in imports.

Source: Observador

Antitrust regulator gives nod to Boeing-Embraer deal

Brazil antitrust regulator Cade approved Boeing Co’s (BA.N) purchase of Embraer SA’s (EMBR3.SA) commercial aviation division without restrictions. Boeing has offered to pay $4.2 billion for 80% of Embraer’s commercial jet division. That puts it in direct competition with next-generation jets designed by Bombardier Inc (BBDb.TO) and acquired by Europe’s Airbus SE (AIR.PA). The deal is still under investigation pending regulatory approval in the European Union.

Source: Reuters

Government raises $252 million from Banco do Brasil share sale

Brazil’s government has raised R$1.06 billion ($252 million) from a sale of shares in state-run Banco do Brasil SA carried out last week via the BNDES national development bank. The share sale had been included in the government’s asset disposal program unveiled last August, and was concluded on Thursday, the government said.

Source: Reuters