BUZZ-Brazil's Embraer: shares up on WTO decision against Airbus

Fri Sep 23, 2016 11:29am EDT
 
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** Shares in Brazilian planemaker Embraer SA up as traders bet a World Trade Organization ruling on subsidies to Airbus could support Brazil's case against Canada's Bombardier in the trade body

** The WTO said the EU and four nations failed to comply with earlier rulings against 34 measures, including billions of dollars of European government loans to Airbus

** Brazil is considering a similar challenge against Canada over state funding to struggling planemaker Bombardier Inc that could hurt Embraer

** Common shares of Embraer rise 2.9 pct to 15.28 reais in midday trading, their biggest daily gain in two and a half weeks, paring back losses to 49 pct this year