Economic and Business Information

2017-10-10

Brazilian inflation ticks up to 2.54 pct in September

The annual rate of consumer price inflation in Brazil accelerated to 2.54 percent last month, suggesting the recent spell of slow inflation may be coming to an end, Reuters reports.

2017-10-10

Products from Portuguese-speaking world on show in Hangzhou

An event in the eastern Chinese city of Zhejiang intended to promote the products of the Portuguese-speaking Countries attracted representatives of over 20 companies in Macao and elsewhere in the Portuguese-speaking world, the Macao Trade and Investment Promotion Institute (IPIM) has announced.

2017-10-10

Work by Chinese contractor on Angolan port progressing

Construction of the passenger terminal and the breakwater of the port at Cabinda in northwestern Angola is making smooth progress, Xinhua reports.

2017-10-09

IMF predicts Guinea-Bissau economy will grow 5.5 pct in 2017

The International Monetary Fund predicts that the economy of Guinea-Bissau will grow by 5.5 percent this year and that the annual rate of inflation will be about 2 percent.

2017-10-09

WB raises forecasts of Chinese GDP growth in 2017, 2018

The World Bank now expects the Chinese economy to grow more rapidly this year and next than it thought previously, owing to better economic conditions abroad and strong domestic demand, the China Daily reports.

2017-10-09

Brazil expects trade with China to fatten 2017 surplus

The government of Brazil expects the country to have a trade surplus of US$60 billion or more this year, largely because of trade with China, the presidential website says.

2017-10-06

Chinese builder begins laying deck of Maputo-Catembe bridge

China Road and Bridge Corp. (CRBC) has begun laying the deck of the Maputo- Catembe bridge in Mozambique, AIM reports.

2017-10-06

China Three Gorges increases stake in Portuguese utility

China Three Gorges Corp. has increased its stake in Energias de Portugal SA (EDP) to 23.25 percent, reinforcing its position as the main shareholder in the Portuguese electricity company, EDP has announced.

2017-10-06

China remains top buyer of Angolan exports in Q1

China was again the main market for Angolan exports in the first quarter of this year, accounting for 62.6 percent of their value, Xinhua reports.

2017-10-04

China Tianying buying Groupama Seguros de Vida of Portugal

French insurer Groupama is selling its Portuguese arm, Groupama Seguros de Vida SA, to China Tianying Inc., Lusa reports.

2017-10-04

Statue of Confucius unveiled in Brazil

A bronze statue of the Chinese philosopher Confucius, a gift from China, has been unveiled in the southern Brazilian city of Curitiba, Xinhua reports.

2017-10-04

New Angolan port set to begin operating ahead of schedule

The operator of the Port of Caio in Angola, Caioporto SA, says the new deep-water port will be ready to begin working at full capacity in the first quarter of next year, one year ahead of schedule, Lusa reports.