Advertisement
Singapore markets close in 4 hours 57 minutes
  • Straits Times Index

    3,169.94
    -17.72 (-0.56%)
     
  • Nikkei

    37,118.36
    -961.34 (-2.52%)
     
  • Hang Seng

    16,179.59
    -206.28 (-1.26%)
     
  • FTSE 100

    7,877.05
    +29.06 (+0.37%)
     
  • Bitcoin USD

    61,803.19
    -184.39 (-0.30%)
     
  • CMC Crypto 200

    1,278.06
    +392.53 (+42.72%)
     
  • S&P 500

    5,011.12
    -11.09 (-0.22%)
     
  • Dow

    37,775.38
    +22.07 (+0.06%)
     
  • Nasdaq

    15,601.50
    -81.87 (-0.52%)
     
  • Gold

    2,406.60
    +8.60 (+0.36%)
     
  • Crude Oil

    84.94
    +2.21 (+2.67%)
     
  • 10-Yr Bond

    4.6470
    +0.0620 (+1.35%)
     
  • FTSE Bursa Malaysia

    1,550.29
    +5.53 (+0.36%)
     
  • Jakarta Composite Index

    7,046.37
    -120.45 (-1.68%)
     
  • PSE Index

    6,412.20
    -110.99 (-1.70%)
     

Brazil's Embraer to partner with Uber to develop electric vehicles

FILE PHOTO: A man exits the Uber offices in Queens, New York, U.S., February 2, 2017. REUTERS/Brendan McDermid (Reuters)

SAO PAULO (Reuters) - Embraer SA has signed a partnership with Uber Technologies Inc to develop and implement small electric vehicles with vertical takeoff and landing capabilities, the Brazilian planemaker said on Tuesday. The partnership stems from Embraer's newly-established innovation center based in Melbourne, Florida, according to a securities filing. Embraer announced last month it would establish research teams in Silicon Valley and Boston to collaborate on research with startup companies, academics and others. (Reporting by Brad Haynes; Writing by Bruno Federowski; Editing by Tom Brown)