China bought 77% of the soybeans it acquired in July from companies in Brazil, compared to a share of 67% a year earlier, according to Chinese official figures cited by Brazilian newspaper Folha de São Paulo.
The newspaper reported that in July China imported 7.76 million tonnes of soy – beans, flour and bran – and that of that total 6 million … More
The governments of Brazil and China in September plan to sign a cooperation agreement on trade and services during the next G-20 summit meeting, said the Presidency of Brazil.
The subject was dealt with by incumbent president, Michel Temer, with the Minister of Industry, Trade and Services, Marcos Pereira, on 17 August, at the Presidential Palace.
Minister Marcos Pereira told website Portal Planalto, … More
Successive increases in benchmark interest rates decided by the Bank of Mozambique are leading some companies having difficulties in repaying their loans, according to independent newspaper Mediafax.
Since October 2015 the central bank has been raising interest rates to contain inflationary pressures, and with the latest increase, last July, the lending rate was increased by 300 basis points to 17.25%.
Commercial banks followed … More
The port of Luanda in the first half of the year handled 3.1 million tonnes of containerised cargo, a drop of 35% or 1.7 million tonnes over the same period of 2015, according to an official from the infrastructure management company.
Rosas Silverio, head of the statistical control and logistics department of the Port of Luanda, told Angolan news agency Angop that … More
Montepio, a Portuguese mutual bank, will join Arise, a company set up by banks supporting the Norfund development fund of Norway and FMO of the Netherlands and by the Rabobank banking cooperative, Portuguese daily financial newspaper Diário Económico reported.
Arise is a holding company (SGPS) that brings together the holdings of each institution in the African market, which according to a source … More