Economic and Business Information

2015-03-30

Chinese company promotes flamingo protection in Angola

Chinese firm China Harbour Engineering Company is participating in a string of initiatives to help preserve the wetlands in the southern harbour city of Lobito, in Angola, reports Chinese state-owned news agency Xinhua.

2015-03-30

Brazil to join China-backed infrastructure investment bank

Brazil plans to join the China-led Asian Infrastructure Investment Bank, China’s state-run news agency Xinhua reported.

2015-03-27

Potential for football cooperation between China, Portugal: Chinese Ambassador

There is potential for China to develop its football sector via cooperation with Portugal, said Huang Songfu, the Chinese Ambassador to the European Union nation.

2015-03-27

Portuguese actual deficit in 2014 ‘encouraging’: Finance Minister

Portugal’s public deficit stood at 4.5 percent of the country’s gross domestic product (GDP) in 2014, the Portuguese National Institute of Statistics (INE) reported on Thursday. The figure was below the Portuguese Government’s forecast of 4.8 percent issued in September last year.

2015-03-27

China’s Representative for Africa ‘satisfied’ with Sino-Angola relations

Zhong Jianhua, China’s Special Representative for African Affairs, on Thursday said he was “satisfied” with the cooperation ties between Angola and China.

2015-03-26

Bank of Portugal raises GDP forecast

The Bank of Portugal announced on Wednesday it raised its economic forecast for the European Union country due to an improved economic outlook.

2015-03-26

East Timor’s non-oil GDP to grow 7 pct in 2015: Govt

The Government of East-Timor forecasts the country’s non-oil gross domestic product (GDP) will grow by 7 percent in 2015, Portuguese news agency Lusa reported.

2015-03-26

Chinese firm donates US$300k to build classrooms in Angola

A subsidiary of Chinese state-owned firm China Harbour Engineering Co Ltd has donated US$300,000 to build a two-storey classroom building for an orphanage in Angola, Chinese state-run news agency Xinhua reported.

2015-03-25

China’s Fosun, BoC bidding for Portugal’s Novo Banco: reports

Chinese financial conglomerate Fosun Group and state-owned lender Bank of China are among the seven firms that have submitted non-binding bids for Portuguese lender Novo Banco, according to media reports.

2015-03-25

Brazil not extending forex intervention programme

Brazil’s central bank announced on Tuesday it would not extend its currency swap auction programme.

2015-03-25

China approves three new free trade zone proposals

The Chinese authorities on Tuesday officially gave a green light for three new free trade zones in the country, state-run news agency Xinhua reported.

2015-03-24

China, Brazil to forge closer technology park ties

China aims to deepen cooperation with Brazil in the area of technology parks, sharing its know-how in this field with the South American country.