Economic and Business Information

2015-10-07

Brazil’s economy to shrink 3 pct in 2015: IMF

The International Monetary Fund (IMF) thinks Brazil’s economy will shrink in 2015 at double the rate it previously predicted, Brazilian news agency Brasil reported

2015-10-07

China’s currency ranked fourth globally for payments: report

The Chinese currency, the yuan, became in August the fourth most popular globally for payment settlement, according to a report of international payment provider SWIFT.

2015-10-06

World Bank trims growth forecast for China

The World Bank has cut its three-year growth forecast for China, while stressing there will be no hard landing for the world’s second largest economy.

2015-10-06

Portugal’s ruling coalition wins general election

Portugal’s centre-right coalition won Sunday’s general election; but lost the absolute majority it had in the parliament, Portuguese broadcaster Rádio Renascença reported.

2015-10-06

China to build hospital, hotel in Guinea Bissau capital

A group of Chinese businessmen is in Guinea Bissau to sign a series of deals including a plan to build a hospital and plan to a hotel in the African nation’s capital, Bissau.

2015-10-05

China’s Citic introduces modern farming to Angola

Citic Construction, a leading construction and engineering firm in China, is introducing modern farming technologies to Angola, Chinese state-run news agency Xinhua reported at the weekend.

2015-10-05

Manufacturing contracts for 2nd straight month in China

Manufacturing activity in China contracted in September. It was the second consecutive month of such contraction, although the rate of decline eased slightly compared to August, an official survey showed.

2015-10-05

China to send medical specialists to Cape Verde hospital

Cape Verde and China will sign a co-operation agreement this week for a hospital in Cape Verde, the African nation’s news agency Inforpress reported.

2015-09-30

China sees steady growth in 3Q: statistics bureau

China’s economic growth will remain largely stable in the third quarter despite a recent run of gloomy economic data, said the National Bureau of Statistics of China.

2015-09-30

China’s Huawei giving internships, scholarships to young Mozambicans

Chinese technology giant Huawei will provide dozens of scholarships and internships to young Mozambicans, China’s state-run news agency Xinhua reported.

2015-09-30

Sino-Angolan relations can grow: Chinese Ambassador

China’s Ambassador to Angola, Cui Aimin, has called for a further strengthening of bilateral co-operation, Angola news agency Angop reported.

2015-09-29

Lisbon holds ‘Golden Week’ to attract Chinese tourists

A special programme of events dedicated to Chinese tourists will be held in Portugal’s capital, Lisbon, in October. The aim of what has been named “Golden Week Lisbon” is to boost local retail sales of luxury and interior design goods, Portuguese news agency Lusa reported on Saturday.