Economic and Business Information

2015-03-12

Portugal is 8th most popular real estate market for Chinese: report

Portugal’s real estate market was ranked the eighth most attractive for Chinese investors in 2014, according to a ranking compiled by magazine China Newsweek.

2015-03-12

East Timor records US$893 million trade deficit in 2014

East Timor posted a trade deficit of US$893 million in 2014, data from the country’s Ministry of Finance showed on Tuesday.

2015-03-11

Brazil’s economy to rebound by year-end: President

Brazilian President Dilma Rousseff said on Tuesday the country is far from experiencing a crisis, despite the economic hurdles it is facing.

2015-03-11

Mozambique’s natural gas reserves very attractive: investors

Mozambique’s huge natural gas reserves are attracting a lot of interest from international investors, news agency Reuters reports.

2015-03-11

China to launch yuan payment system worldwide

China will start an international payment system for its currency this year, Yi Gang, head of China’s State Administration of Foreign Exchange (SAFE), confirmed on Tuesday.

2015-03-10

Number of mobile phone users in East Timor surged in 2014

The number of mobile phone users in East Timor stood at more than 622,000 at the end of last year, according to official data published on Tuesday.

2015-03-10

Mozambique debates minimum wage increase

The Government of Mozambique has started discussions with trade union leaders and representatives of the business sector on an increase in the country’s minimum wage.

2015-03-10

Closer ties between China and Brazil boost cultural exchanges

The closer relations between China and Brazil have facilitated bilateral exchanges in several fields, Chinese state-run news agency Xinhua reported this week.

2015-03-09

China’s exports surge 48.9 pct in Feb

China’s exports rebounded in February after a surprising slump in the previous month, but its imports continued to plummet, figures from the Chinese General Administration of Customs show.

2015-03-09

China’s overseas investment to grow 10 pct in 2015

China’s outbound direct investment (ODI) will remain robust in 2015, with growth forecast at 10 percent year-on-year, said the nation’s top economic planner.

2015-03-09

Mozambique sets growth target of 7.5 percent for 2015

Mozambique’s new Government has set the economic growth target for the country in 2015 at 7.5 percent, reported Mozambican news agency AIM.

2015-03-06

Moody’s affirms Angola Ba2 ratings, changes outlook to negative

Moody’s Investors Service on Tuesday affirmed Angola’s Ba2 government bond rating but changed the rating outlook to negative from stable. The short-term ratings remain unchanged at “Not Prime”, the rating agency said.