The president of the PRC, Xi Jinping, at a press conference on the results of his visit to Portugal, expressed his desire to further develop economic ties with Portugal, Bloomberg reports. Noting that Portugal is an important European country, the Chinese leader said it was necessary to expand and improve existing projects of the two countries, as well as to further strengthen trade. In the framework of the international program of financial assistance to Portugal in 2011-2014, China has made major investments in the country. China Three Gorge, China's state-owned energy corporation, which owns a 25 percent stake in Portuguese energy company REN, announced its intention to increase its stake in the Portuguese EDP for 9 billion 100 million euros. This deal, if approved, could be China’s largest acquisition abroad.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
The Bank of England will announce next week how quickly it expects the economy to recover from the coronavirus pandemic, but it is unlikely to add to the 100 billion pounds of the fiscal package it released in June. Britain’s economy ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
Oil prices fell on Monday as a surge in coronavirus cases and the escalating U.S.-China tensions prompted a safe-haven bid. Brent crude slid 0.2%, or 8 cents, at $43.26 per barrel. U.S. West Texas Intermediate crude fell 0.2%, or 7 cents, ...
The dollar was under pressure on Monday as the escalating U.S.-China tensions weighed on the market, while investors worried that the U.S. coronavirus resurgence could stall economic recovery. The dollar fell to a four-month low on the yen ...