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MercoPress, en Español

Montevideo, May 9th 2024 - 16:52 UTC

Stories for June 21st 2023

  • Wednesday, June 21st 2023 - 04:35 UTC

    Brazil sells 11 Embraer E-175 to Alaska Airlines and partially finances the operation

    Brazil's Development Bank (BNDES) is financing R$1.3 billion for the export of eleven Embraer E-175 commercial jets to Alaska Airlines, US fifth largest airline

    The Brazilian Development Bank (BNDES) has granted financing of R$1.3 billion for the export of eleven Embraer E-175 commercial jets to Alaska Airlines, the fifth largest airline in the USA. The funding will cover a portion of Alaska’s investment in the aircraft purchase. Disbursements will be made in Brazilian Reais in Brazil, directly to Embraer.

  • Wednesday, June 21st 2023 - 04:34 UTC

    Short of US dollars, Argentina advances towards trading and hoarding in Yuan

    The fact that imports from China are paid in Yuan rather than dollars should help Argentina mitigate the loss of reserves in its central bank

    Argentina is increasing its use of Yuan to pay for imports from China, following the renewal and expansion of a currency swap agreement with Beijing. The use of the Chinese currency in bilateral trade amounted to 1.075 billion Yuan (US$ 150.5 million) in May this year. In the first ten business days of June, transactions worth 2.045 billion yuan ($286.3 million) were recorded, according to the Central Bank of Argentina Argentine Central Bank’s report on June 15.

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