Portuguese Minister of Science Manuel Heitor has said Portugal and China will set up a working group to co-operate on energy and sustainable transport, Lusa reports.

Brazilian Solicitor-General Grace Mendonça and representatives of China Telecom Corp. Ltd and US private equity firm TPG Capital Management LP have met to discuss the possibility of China Telecom and TPG Capital taking over Brazilian telecommunications company Oi SA, which is trying to stave off bankruptcy, Reuters reports.

The Brazilian National Agency of Petroleum, Natural Gas and Biofuels has announced that three Chinese oil companies and their respective partners have won rights to develop oil fields off Brazil that were put up for auction, the Global Times reports.

Portuguese Minister of the Sea Ana Paula Vitorino has said representatives of China and Portugal will sign this week an agreement to co-operate in maritime economic ventures, Xinhua reports.

China was again the third-biggest source of Cape Verdean imports in the third quarter of this year, Lusa reports.

Chinese and Mozambican state-owned companies have agreed to co-operate in oil and gas exploration and production, engineering technology, oil refining and logistics, the Chinese Embassy in Maputo has announced.

The Red Cross Society of China has given US$100,000 to its Portuguese counterpart for relief work in parts of Portugal swept by forest fires this year, Xinhua reports.

A group of state-owned Chinese companies intends to form a consortium to bid next year for the contract to build and operate the Ferrogrão railway in Brazil, Reuters reports.

China Hyway Group Ltd has formally turned over to the operator the Moçâmedes Railroad in Angola, which it rehabilitated and extended, Angop reports.

Portuguese Minister of the Sea Ana Paula Vitorino will begin tomorrow an eight-day visit to China at the head of a party of representatives of 39 Portuguese companies in various businesses to do with the sea, Lusa reports.

The Chinese government has waived US$36 million of Mozambican debt and will give Mozambique another US$15 million to build a new airport, Lusa reports.

The monetary policy committee of the central bank of Brazil has cut its benchmark Selic interest rate to 7.5 percent, Reuters reports.