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Finance
21 March 2024
China Open to “Adjustments” to Angolan Debt, Not Restructuring
Angola and Chinese lenders are discussing making changes to repayments on loans made to the southern African country, but those "adjustments" will not be a debt restructuring.
Finance
20 March 2024
Fosun Open to Selling Remaining Stake in Portugal’s Millennium bcp
Fosun International is open to selling its remaining stake in Portugal's Millennium bcp after disposing of some shares earlier this year, according to Reuters.
Finance
28 February 2024
Angola to Ban Cryptocurrency Mining Due to Energy Concerns
Angola is planning to ban and criminalize cryptocurrency mining and other virtual assets in the country to safeguard national energy security, local media reported.
Finance
27 February 2024
Millennium BCP Bank to Pay EUR 250 million to Shareholders Including Fosun
Millennium BCP, Portugal´s biggest private bank, will pay its shareholders, including China´s Fosun, dividends worth EUR 250 million on last year´s results.
Finance
25 January 2024
China Portuguese-Speaking Countries Development Fund Looking for Projects in Cabo Verde
The China Portuguese-Speaking Countries Cooperation and Development Fund (CPD Fund) is looking for projects to support in Cabo Verde, where business leaders are eager for new financing mechanisms.
Finance
24 January 2024
Fosun Committed to Portugal’s Millennium bcp Despite Stake Cut
China's Fosun has vowed to keep supporting the development of Portugal's Millennium bcp, despite having reduced its stake in the lender.
Finance
08 January 2024
Haitong Names Pan Guangtao New Chairman in Portugal
Haitong named Pan Guangtao as the new chairman of the board of directors for its investment bank in Portugal, keeping Wu Min as CEO.
Energy
27 November 2023
Minority Stake Sale in Brazil Unit Could Fetch China’s State Grid USD 1 Billion
State Grid Corp. of China’s Brazilian unit is seeking to raise about USD 1 billion by selling a minority stake, in a move aimed at cutting debt and boosting growth, Bloomberg reported.
Finance
13 November 2023
IMF Warns China’s Slowdown Will Hit Angola and Other Sub-Saharan African Countries
A one percentage point decline in China’s growth rate could reduce average growth in sub-Saharan Africa by about 0.25 percentage points within a year, and as much as 0.5 percentage points in Angola, according to the International Monetary Fund.
Finance
09 November 2023
China International Capital Corp Looks at Brazil for Expansion
Securities firm China International Capital Corp sees increased opportunities in Brazil for cross-border deals and may consider opening an office in the country, Lindsay Lin, CICC's Head of Americas, said.
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