Economic and Business Information

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.

2015-03-24

Guinea-Bissau Govt launches official website

The Government of Guinea-Bissau launched an official online portal last week to communicate more effectively with the public, Guinea Bissau News Agency reported.

2015-03-24

Mozambique posts better than expected 2014 budget execution

The Government of Mozambique collected more revenue than budgeted for full-year 2014, while spending a smaller amount than forecast, preliminary official data show.

2015-03-23

S&P raises Portugal’s rating outlook

Standard & Poor’s has raised the outlook on Portugal’s bond rating to positive from stable.

2015-03-23

Angola’s oil output to go up 10 pct in 2015: Govt

The Government of Angola forecasts oil output will rise by 10 percent in 2015, to average 1.84 million barrels per day, according to a revised 2015 budget passed by Parliament last week.

2015-03-23

‘Mutually beneficial’ ties sought with Portuguese-speaking countries: Chinese diplomat

China and Portuguese-speaking countries should work together to forge “mutually beneficial” ties, said Chinese Ambassador to Portugal Huang Songfu.

2015-03-20

Brazil’s GDP to drop 0.5 pct in 2015: OECD

Brazil’s economy will contract 0.5 percent in 2015, said the Organisation for Economic Co-operation and Development (OECD) in a report released on Wednesday.

2015-03-20

China ready to advance partnership with Angola: Chinese official

China is ready to advance the strategic partnership with Angola, senior official of the Communist Party of China (CPC) Liu Yunshan said on Thursday, official news agency Xinhua reported.