Macao businessman Kevin Ho has bought 30 percent of Global Media Group of Portugal for €15 million (US$17.4 million), the company says.

China may build a hospital in the Brazilian city of São Paulo, Macauhub reports.

Chinese scientists will study how to culture sea urchins in Portugal, with a view to farming them for their roe, Correio da Manhã reports.

Beijing Capital Airlines says its direct service between China and Portugal has carried over 17,000 passengers since it began on July 26th.

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.