Tag: China Development bank

• Thursday, May 14th 2020 - 07:36 UTC

  Brazil's Gol Airlines recovers US$ 412 million compensation from Boeing

  

  Brazil airline Gol Linhas Aereas Inteligentes said on Wednesday it will receive a total of 2.4 billion reais (US$412.03 million) from Boeing Co as compensation for the grounding of the 737 MAX plane, which has not flown in over a year.

• Wednesday, April 22nd 2015 - 06:35 UTC

  Petrobras receives financial support from China and local banks

  

  Brazilian state-run oil company Petrobras approved a series of financial agreements with local and international banks that will meet its financing needs in 2015, the company announced. In a filing with local stock regulators, Petrobras said that the deals will provide the company with access to about 6.2 billion dollars, including a 3.5bn financing contract reached with China Development Bank on April 1.

• Tuesday, August 12th 2014 - 06:10 UTC

  Venezuelan oil company begins operations with China’s Citic Bank

  

  Venezuela’s state-run oil company PDVSA has started using China Citic Bank to collect money from crude and fuel sales instead of Portugal’s Banco Espirito Santo, according to media reports in Caracas.

• Saturday, July 19th 2014 - 08:16 UTC

  China extends a 'financial' hand to dollar and credit strapped Argentina

  

  Argentina signed deals on Friday to borrow 7.5 billion dollars from China at a time when Buenos Aires cannot access global capital markets because of disputes over unpaid debt. Beijing also extended a three-year agreement for an 11bn swap operation between the central banks of Argentina and China.

• Thursday, April 10th 2014 - 05:37 UTC

  China has become Latam's banker loaning 102bn dollars from 2005 to 2013

  

  China loaned 102 billion dollars to Latin America between 2005 and 2013, mainly to Venezuela and Argentina, while Mexico seems to be going the same way, according to a release from the Global Economic Governance Initiative which depends from the University of Boston.

• Thursday, August 16th 2012 - 05:02 UTC

  China soon to become Venezuela’s main trade partner; oil sales soared 60% this year

  

  Venezuelan oil sales to China have jumped by 60% since the start of the year, the country's oil minister said in an interview published on Sunday in the state-run Correo del Orinoco.