IBOV 173,768.17 ▼ 0.03% IPSA 10,913.99 ▼ 0.31% IPC MEX 66,358.81 ▼ 0.08% MERVAL 3,187,056 ▲ 0.06% COLCAP 2,287.57 ▲ 0.11% BVL PERÚ 57,220.16 — — USD/BRL5.11▲ 0.18% USD/MXN17.53▲ 0.62% USD/CLP933.17▲ 0.88% USD/COP3,251▲ 0.61% USD/PEN3.40▲ 0.44% USD/ARS1,478▲ 0.17% USD/UYU40.23▲ 1.74% USD/PYG6,032▲ 1.81% USD/BOB10.65▲ 4.37% USD/DOP58.24▲ 1.37% USD/CRC446.12▲ 1.44% USD/GTQ7.62▲ 2.73% USD/HNL26.73▲ 1.94% USD/NIO36.62▲ 1.17% USD/VES730.65▲ 0.57% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.62▲ 0.89% USD/TTD6.74▲ 1.70% EUR/BRL5.84▲ 0.15% BRENT 87.74 ▲ 4.17% WTI 81.47 ▲ 3.19% IRON ORE 161.91 — — COPPER 6.27 ▼ 0.48% GOLD 4,016 ▲ 0.75% SILVER 56.37 ▲ 0.84% SOY 1,203 ▲ 0.63% CORN 468.25 ▲ 6.06% WHEAT 684.75 ▲ 1.48% COFFEE 321.10 ▼ 0.06% SUGAR 14.82 ▲ 2.63% ORANGE JUICE 139.35 ▲ 4.15% COTTON 78.93 ▲ 1.60% COCOA 5,610 ▲ 7.55% BEEF 220.63 ▼ 2.84% CATTLE 339.08 ▼ 2.17% LITHIUM 68.37 ▼ 0.71% PETR4 40.82 ▲ 2.33% VALE3 72.64 ▼ 0.47% ITUB4 41.91 ▼ 1.50% BBDC4 18.24 ▼ 0.92% ABEV3 15.54 ▼ 0.38% BBAS3 20.32 ▼ 2.12% B3SA3 15.23 ▼ 1.04% WEGE3 43.45 ▼ 0.09% PRIO3 57.71 ▲ 1.62% SUZB3 41.90 ▲ 0.48% RENT3 38.04 ▼ 2.11% AZZA3 18.38 ▼ 0.81% CSAN3 3.87 ▼ 0.26% RAIZ4 0.27 ▼ 6.90% PCAR3 2.55 ▼ 1.54% GMAT3 3.89 ▼ 0.77% PSSA3 54.97 ▼ 0.45% CVCB3 1.24 ▼ 8.15% POSI3 3.77 ▼ 2.84% SLCE3 13.50 ▼ 0.81% NATU3 8.54 ▼ 0.23% BRKM5 6.22 ▲ 1.97% RANI3 7.95 ▼ 1.61% CSNA3 5.05 ▼ 0.98% CMIN3 5.31 ▼ 2.57% USIM5 8.23 ▲ 4.18% GGBR4 24.01 ▲ 0.42% ENEV3 25.81 ▼ 0.54% CPFE3 47.15 ▼ 0.08% CMIG4 11.18 ▲ 0.81% EQTL3 39.50 ▼ 0.88% LREN3 13.26 ▼ 2.86% VIVT3 35.66 ▲ 0.54% RAIL3 13.73 ▼ 1.44% KLABIN 17.54 ▲ 1.04% RAIA DROGASIL 18.42 ▼ 0.54% RDOR3 35.67 ▼ 0.56% HAPV3 11.36 ▲ 3.74% FLRY3 16.62 ▲ 1.22% SMTO3 15.43 ▼ 1.84% UGPA3 32.12 ▲ 0.41% VBBR3 34.72 ▲ 1.02% BBSE3 40.86 ▼ 0.78% BPAC11 56.12 ▼ 0.83% CURY3 30.64 ▼ 2.08% AERI3 2.03 ▲ 0.50% VIVARA 22.54 ▼ 3.47% COMPASS 24.85 ▼ 0.24% VAMOS 3.20 ▲ 1.27% SANB11 26.69 ▼ 0.52% ASAI3 8.42 ▼ 1.64% SBSP3 29.27 ▼ 0.10% WALMEX 49.50 ▼ 0.12% GMEXICO 199.83 ▲ 0.30% FEMSA 224.02 ▼ 0.46% CEMEX 22.69 ▼ 0.40% GFNORTE 180.50 ▲ 0.06% BIMBO 58.00 ▲ 0.14% TELEVISA 9.60 ▲ 0.95% AMX 23.19 ▲ 1.80% GAP 387.82 ▼ 1.01% ASUR 279.50 ▼ 0.51% OMA 230.51 ▼ 1.11% KOF 180.21 ▲ 0.70% GRUMA 286.76 ▲ 0.14% KIMBER 38.54 ▼ 0.62% SQM-B 65,004 ▼ 1.58% COPEC 6,215 ▲ 1.45% BSANTANDER 77.38 ▼ 1.00% FALABELLA 5,885 ▲ 0.54% ENELAM 84.61 ▼ 0.22% CENCOSUD 2,002 ▼ 0.15% CMPC 1,075 ▲ 0.07% BANCO CHILE 188.13 ▼ 0.40% LATAM AIR 24.85 ▼ 2.17% YPF 77,600 ▲ 2.00% GGAL 7,815 ▼ 0.64% PAMPA 5,175 ▲ 1.27% TXAR 664.00 ▲ 0.30% ALUAR 948.00 ▲ 0.85% TGS 9,345 ▼ 0.43% CEPU 2,256 ▼ 0.18% MIRGOR 16,675 ▼ 0.45% COME 43.86 ▼ 1.35% LOMA NEGRA 3,518 ▼ 1.12% BYMA 299.00 ▼ 0.83% TELECOM ARG 4,155 ▼ 0.60% ECOPETROL 15.98 ▲ 1.14% BANCOLOMBIA 79.94 ▲ 0.59% GRUPO AVAL 4.97 — 0.00% CREDICORP 391.05 ▲ 0.93% SOUTHERN COPPER 172.33 ▼ 1.90% BUENAVENTURA 30.17 — 0.00% MERCADOLIBRE 1,817 ▼ 2.18% NUBANK 13.62 ▼ 1.27% XP 16.72 ▲ 0.24% PAGSEGURO 9.07 ▼ 0.93% STONE 11.09 ▼ 1.03% GLOBANT 32.63 ▲ 1.34% TECNOGLASS 45.58 ▼ 2.67% GAP AIRPORT 221.15 ▼ 1.83% ASUR 279.50 ▼ 0.51% OMA AIRPORT 105.18 ▼ 1.89% AMX ADR 26.40 ▲ 1.01% FEMSA ADR 127.77 ▼ 1.33% CEMEX ADR 12.94 ▼ 1.22% PETROBRAS ADR 17.89 ▲ 2.38% VALE ADR 14.19 ▼ 0.21% ITAU ADR 8.20 ▼ 1.27% SANTANDER BR 5.24 ▼ 1.04% AMBEV ADR 3.02 ▼ 1.15% CSN 0.99 ▼ 0.73% GERDAU 4.72 — 0.00% LATAM ADR 52.73 ▼ 0.85% BTC 64,204 ▲ 0.65% ETH 1,845 ▼ 0.97% SOL 75.26 ▼ 0.02% XRP 1.09 ▲ 0.51% BNB 566.47 ▼ 1.00% ADA 0.17 ▲ 3.38% DOGE 0.07 ▲ 0.51% AVAX 6.60 ▲ 1.44% LINK 8.24 ▼ 1.08% DOT 0.86 ▲ 0.03% LTC 45.00 ▲ 0.13% BCH 220.10 ▼ 0.68% TRX 0.32 ▼ 0.05% XLM 0.19 ▲ 1.08% HBAR 0.07 ▼ 0.40% NEAR 1.93 ▼ 1.96% ATOM 1.52 ▲ 0.88% AAVE 90.75 ▼ 0.42% SELIC 14.25% EMBRAER 82.05 ▲ 0.34% EMBRAER ADR 64.22 ▼ 0.23% JBS 11.80 ▼ 1.91% JBS BDR 60.19 ▼ 2.13% MBRF3 14.89 ▼ 2.62% MBRFY 2.89 ▼ 1.37% INTER 5.37 ▼ 3.16% EGX 52,928 ▲ 0.70% USD/ZAR16.53▲ 0.62% USD/NGN1,378▼ 0.20% NIKKEI 64,141 ▼ 4.03% CSI300 4,529 ▼ 3.60% HSI 24,562 ▼ 1.78% NIFTY 24,334 ▲ 1.09% KOSPI 6,821 ▼ 6.37% JCI 6,176 ▲ 1.10% USD/JPY162.44▲ 0.03% USD/CNY6.77▼ 0.08% DAX 24,831 ▼ 0.34% CAC 8,339 ▼ 0.47% FTSE 10,600 ▲ 0.27% MIB 51,882 ▼ 0.94% IBEX 19,217 ▼ 0.45% STOXX 641.53 ▼ 0.34% EUR/USD1.14▼ 0.03% GBP/USD1.35▼ 0.64% SPX 7,468 ▼ 0.87% DJI 52,224 ▼ 0.63% NDX 28,684 ▼ 1.18% RUT 2,956 ▼ 0.62% TSX 35,202 ▼ 0.39% VIX 18.80 ▲ 12.37% USD/CAD1.40▼ 0.21% US10Y 4.5370 ▼ 0.70% IBOV 173,768.17 ▼ 0.03% IPSA 10,913.99 ▼ 0.31% IPC MEX 66,358.81 ▼ 0.08% MERVAL 3,187,056 ▲ 0.06% COLCAP 2,287.57 ▲ 0.11% BVL PERÚ 57,220.16 — — USD/BRL 5.11 ▲ 0.18% USD/MXN 17.53 ▲ 0.62% USD/CLP 933.17 ▲ 0.88% USD/COP 3,251 ▲ 0.61% USD/PEN 3.40 ▲ 0.44% USD/ARS 1,478 ▲ 0.17% USD/UYU 40.23 ▲ 1.74% USD/PYG 6,032 ▲ 1.81% USD/BOB 10.65 ▲ 4.37% USD/DOP 58.24 ▲ 1.37% USD/CRC 446.12 ▲ 1.44% USD/GTQ 7.62 ▲ 2.73% USD/HNL 26.73 ▲ 1.94% USD/NIO 36.62 ▲ 1.17% USD/VES 730.65 ▲ 0.57% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.62 ▲ 0.89% USD/TTD 6.74 ▲ 1.70% EUR/BRL 5.84 ▲ 0.15% BRENT 87.74 ▲ 4.17% WTI 81.47 ▲ 3.19% IRON ORE 161.91 — — COPPER 6.27 ▼ 0.48% GOLD 4,016 ▲ 0.75% SILVER 56.37 ▲ 0.84% SOY 1,203 ▲ 0.63% CORN 468.25 ▲ 6.06% WHEAT 684.75 ▲ 1.48% COFFEE 321.10 ▼ 0.06% SUGAR 14.82 ▲ 2.63% ORANGE JUICE 139.35 ▲ 4.15% COTTON 78.93 ▲ 1.60% COCOA 5,610 ▲ 7.55% BEEF 220.63 ▼ 2.84% CATTLE 339.08 ▼ 2.17% LITHIUM 68.37 ▼ 0.71% PETR4 40.82 ▲ 2.33% VALE3 72.64 ▼ 0.47% ITUB4 41.91 ▼ 1.50% BBDC4 18.24 ▼ 0.92% ABEV3 15.54 ▼ 0.38% BBAS3 20.32 ▼ 2.12% B3SA3 15.23 ▼ 1.04% WEGE3 43.45 ▼ 0.09% PRIO3 57.71 ▲ 1.62% SUZB3 41.90 ▲ 0.48% RENT3 38.04 ▼ 2.11% AZZA3 18.38 ▼ 0.81% CSAN3 3.87 ▼ 0.26% RAIZ4 0.27 ▼ 6.90% PCAR3 2.55 ▼ 1.54% GMAT3 3.89 ▼ 0.77% PSSA3 54.97 ▼ 0.45% CVCB3 1.24 ▼ 8.15% POSI3 3.77 ▼ 2.84% SLCE3 13.50 ▼ 0.81% NATU3 8.54 ▼ 0.23% BRKM5 6.22 ▲ 1.97% RANI3 7.95 ▼ 1.61% CSNA3 5.05 ▼ 0.98% CMIN3 5.31 ▼ 2.57% USIM5 8.23 ▲ 4.18% GGBR4 24.01 ▲ 0.42% ENEV3 25.81 ▼ 0.54% CPFE3 47.15 ▼ 0.08% CMIG4 11.18 ▲ 0.81% EQTL3 39.50 ▼ 0.88% LREN3 13.26 ▼ 2.86% VIVT3 35.66 ▲ 0.54% RAIL3 13.73 ▼ 1.44% KLABIN 17.54 ▲ 1.04% RAIA DROGASIL 18.42 ▼ 0.54% RDOR3 35.67 ▼ 0.56% HAPV3 11.36 ▲ 3.74% FLRY3 16.62 ▲ 1.22% SMTO3 15.43 ▼ 1.84% UGPA3 32.12 ▲ 0.41% VBBR3 34.72 ▲ 1.02% BBSE3 40.86 ▼ 0.78% BPAC11 56.12 ▼ 0.83% CURY3 30.64 ▼ 2.08% AERI3 2.03 ▲ 0.50% VIVARA 22.54 ▼ 3.47% COMPASS 24.85 ▼ 0.24% VAMOS 3.20 ▲ 1.27% SANB11 26.69 ▼ 0.52% ASAI3 8.42 ▼ 1.64% SBSP3 29.27 ▼ 0.10% WALMEX 49.50 ▼ 0.12% GMEXICO 199.83 ▲ 0.30% FEMSA 224.02 ▼ 0.46% CEMEX 22.69 ▼ 0.40% GFNORTE 180.50 ▲ 0.06% BIMBO 58.00 ▲ 0.14% TELEVISA 9.60 ▲ 0.95% AMX 23.19 ▲ 1.80% GAP 387.82 ▼ 1.01% ASUR 279.50 ▼ 0.51% OMA 230.51 ▼ 1.11% KOF 180.21 ▲ 0.70% GRUMA 286.76 ▲ 0.14% KIMBER 38.54 ▼ 0.62% SQM-B 65,004 ▼ 1.58% COPEC 6,215 ▲ 1.45% BSANTANDER 77.38 ▼ 1.00% FALABELLA 5,885 ▲ 0.54% ENELAM 84.61 ▼ 0.22% CENCOSUD 2,002 ▼ 0.15% CMPC 1,075 ▲ 0.07% BANCO CHILE 188.13 ▼ 0.40% LATAM AIR 24.85 ▼ 2.17% YPF 77,600 ▲ 2.00% GGAL 7,815 ▼ 0.64% PAMPA 5,175 ▲ 1.27% TXAR 664.00 ▲ 0.30% ALUAR 948.00 ▲ 0.85% TGS 9,345 ▼ 0.43% CEPU 2,256 ▼ 0.18% MIRGOR 16,675 ▼ 0.45% COME 43.86 ▼ 1.35% LOMA NEGRA 3,518 ▼ 1.12% BYMA 299.00 ▼ 0.83% TELECOM ARG 4,155 ▼ 0.60% ECOPETROL 15.98 ▲ 1.14% BANCOLOMBIA 79.94 ▲ 0.59% GRUPO AVAL 4.97 — 0.00% CREDICORP 391.05 ▲ 0.93% SOUTHERN COPPER 172.33 ▼ 1.90% BUENAVENTURA 30.17 — 0.00% MERCADOLIBRE 1,817 ▼ 2.18% NUBANK 13.62 ▼ 1.27% XP 16.72 ▲ 0.24% PAGSEGURO 9.07 ▼ 0.93% STONE 11.09 ▼ 1.03% GLOBANT 32.63 ▲ 1.34% TECNOGLASS 45.58 ▼ 2.67% GAP AIRPORT 221.15 ▼ 1.83% ASUR 279.50 ▼ 0.51% OMA AIRPORT 105.18 ▼ 1.89% AMX ADR 26.40 ▲ 1.01% FEMSA ADR 127.77 ▼ 1.33% CEMEX ADR 12.94 ▼ 1.22% PETROBRAS ADR 17.89 ▲ 2.38% VALE ADR 14.19 ▼ 0.21% ITAU ADR 8.20 ▼ 1.27% SANTANDER BR 5.24 ▼ 1.04% AMBEV ADR 3.02 ▼ 1.15% CSN 0.99 ▼ 0.73% GERDAU 4.72 — 0.00% LATAM ADR 52.73 ▼ 0.85% BTC 64,204 ▲ 0.65% ETH 1,845 ▼ 0.97% SOL 75.26 ▼ 0.02% XRP 1.09 ▲ 0.51% BNB 566.47 ▼ 1.00% ADA 0.17 ▲ 3.38% DOGE 0.07 ▲ 0.51% AVAX 6.60 ▲ 1.44% LINK 8.24 ▼ 1.08% DOT 0.86 ▲ 0.03% LTC 45.00 ▲ 0.13% BCH 220.10 ▼ 0.68% TRX 0.32 ▼ 0.05% XLM 0.19 ▲ 1.08% HBAR 0.07 ▼ 0.40% NEAR 1.93 ▼ 1.96% ATOM 1.52 ▲ 0.88% AAVE 90.75 ▼ 0.42% SELIC 14.25% EMBRAER 82.05 ▲ 0.34% EMBRAER ADR 64.22 ▼ 0.23% JBS 11.80 ▼ 1.91% JBS BDR 60.19 ▼ 2.13% MBRF3 14.89 ▼ 2.62% MBRFY 2.89 ▼ 1.37% INTER 5.37 ▼ 3.16% EGX 52,928 ▲ 0.70% USD/ZAR 16.53 ▲ 0.90% USD/NGN 1,378 ▲ 0.02% NIKKEI 64,141 ▼ 4.03% CSI300 4,529 ▼ 3.60% HSI 24,562 ▼ 1.78% NIFTY 24,334 ▲ 1.09% KOSPI 6,821 ▼ 6.37% JCI 6,176 ▲ 1.10% USD/JPY 162.44 ▲ 0.06% USD/CNY 6.7677 ▲ 0.07% DAX 24,831 ▼ 0.34% CAC 8,339 ▼ 0.47% FTSE 10,600 ▲ 0.27% MIB 51,882 ▼ 0.94% IBEX 19,217 ▼ 0.45% STOXX 641.53 ▼ 0.34% EUR/USD 1.1439 ▼ 0.04% GBP/USD 1.3455 ▼ 0.19% SPX 7,468 ▼ 0.87% DJI 52,224 ▼ 0.63% NDX 28,684 ▼ 1.18% RUT 2,956 ▼ 0.62% TSX 35,202 ▼ 0.39% VIX 18.80 ▲ 12.37% USD/CAD 1.4011 ▼ 0.20% US10Y 4.5370 ▼ 0.70%
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Biden and Modi strengthen Defense cooperation, discuss fighter jet engines and naval repair bases

By · June 22, 2023 · 2 min read

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Indian Prime Minister Narendra Modi is scheduled to meet with U.S. President Joe Biden at the White House to discuss deepening defense cooperation between the two countries.

A key focus of their discussions will be joint production of fighter jet engines and expanding the number of repair bases for U.S. naval vessels in India.

India, which currently sources about half of its arms from Russia, has faced delays in imports due to Russia’s involvement in Ukraine.

With ongoing border disputes with China, India aims to enhance its defense ties with the United States and reduce its reliance on Russia.

Biden and Modi strengthen Defense cooperation. (Photo Internet reproduction)
Biden and Modi strengthen Defense cooperation. (Photo Internet reproduction)
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Modi arrived in New York on Tuesday and a joint press conference will follow his meeting with Biden.

As part of the discussions, General Electric’s aerospace unit and Hindustan Aeronautics, India’s state-owned aerospace and defense company, have signed a memorandum of understanding.

The agreement pertains to the manufacturing of engines for India’s indigenous Tejas fighter jet, including the transfer of technology.

The engines will be produced within India.

Additionally, both leaders will reaffirm their commitment to the Quadrilateral Security Dialogue, or Quad, a strategic security framework that also involves Japan and Australia.

Economic topics, such as semiconductor supply networks, as well as concerns over China’s growing influence in the Indo-Pacific region, are expected to be addressed.

The United States sees India, representing emerging and developing nations of the Global South, as a crucial partner in countering what it perceives as authoritarian regimes like China and Russia.

While Modi has previously visited the U.S. as prime minister, this visit marks his first reception as a state guest in Washington.

India’s arms procurement from Russia has faced delays due to the Ukraine conflict.

The U.S. aims to leverage military assistance to create a rift in India-Russia relations, while India seeks to diversify its sources of procurement.

These circumstances pave the way for a potential agreement between the two nations.

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