Skip to content
Catholic Online Logo

By Catholic Online (NEWS CONSORTIUM)

7/18/2014 (1 year ago)

Catholic Online (www.catholic.org)

China expanding trade partnership with key exporter

China is expanding its trade partnership with Brazil, with a $7.5 billion financing agreement with Brazilian miner Vale, the purchase of 60 passenger jets from Brazilian plane maker Embraer, and renewed commitment to invest in Brazil's infrastructure.

Brazil is one of the countries that is seeing a massive economic boom, and has made major deals with China in the last few years.

Brazil is one of the countries that is seeing a massive economic boom, and has made major deals with China in the last few years.

Highlights

By Catholic Online (NEWS CONSORTIUM)

Catholic Online (www.catholic.org)

7/18/2014 (1 year ago)

Published in Americas

Keywords: International, Finance, South America, China


LOS ANGELES, CA (Catholic Online) - Top among all these agreements, was the signing of an accord by Chinese President Xi Jinping and Brazilian President Dilma Rousseff in which the two nations agreed to team up to build railways to help Brazil reduce its infrastructure deficient and feed China's hunger for commodities.

You can spread God's light through "prayer and action."

One potential project would be the building of a railway from Brazil's Atlantic coast through the Andes mountains to Peru and the Pacific, which could cut the cost of shipping Brazil's grain to China by $30 per ton, a senior Brazilian official said.

Trade between these two countries soared to $83.3 billion in 2013, up from just $3.2 billion in 2002. Iron ore, soy and oil make up the bulk of Brazil's exports, and China is that nation's biggest trade partner.

"China's two main strategic concerns are energy security and food security. Brazil is an ideal partner on both counts," said the Brazilian official.

This is part of a deepening financial network between China and Brazil. The China Construction Bank formalized the acquisition of 72% of Brazil's mid-size lender Banco Industrial e Comercial SA, a $1.62 billion deal agreed to back in October 2013.

Another Chinese company, Eximbank, extended a three-year, $5 billion credit line to Vale, to buy ships and equipment from Chinese companies. Vale is the world's largest exporter of iron ore and ships the vast majority of its production to China.

For years China has made promises to invest in Brazil, but delivered little on that promise until recently. But the pace of investment could pick up again with new Chinese focus on Brazil's deficient infrastructure.

---


Pope Francis: end world hunger through 'Prayer and Action'


Copywriter 2015 - Distributed by THE NEWS CONSORTIUM

Pope Francis Prayer Intentions for July 2015
Universal:
That political responsibility may be lived at all levels as a high form of charity.
Evangelization: That, amid social inequalities, Latin American Christians may bear witness to love for the poor and contribute to a more fraternal society.



Comments


More Americas

World's Most Dangerous University: Students plauged with disease, beaten and kidnapped at Mexican university Watch

Image of One of the recent victims of a school riot in The University of Veracruz

By Linky C. (NEWS CONSORTIUM)

Several reports of abductions, breakout of diseases and violence have been reported at the University of Veracruz in Mexico. A recent incident even had eight students nearly beaten to death by machete-wielding men who crashed a birthday party. MUNTINLUPA CITY, ... continue reading


Teenage girl brutally gang-raped and blinded during terrifying pastor-led exorcism in Argentina Watch

Image of A teenager was gang-raped and had her eyed gouged in a horrific exorcism ritual.

By Linky C. (NEWS CONSORTIUM)

A 16-year-old girl, who began seeing visions of a goat and thought that her family was demonic, suffered from a horrific exorcism ritual led by a Pastor in Argentina. MUNTINLUPA CITY, PHILIPPINES (Catholic Online) - The teenager was brutally raped and had her eyes ... continue reading


'SLIME OF THE DEVIL:' Argentinean villages engulfed with spider webs Watch

Image of Local residents say that the phenomenon has never really been this bad. The last time there had been something similar had been in the 1980s, when there was an invasion of other insects, but at a different time of year.

By Catholic Online (NEWS CONSORTIUM)

An Argentinean town has been inundated by spiders, which have spun prestigious webs. The webs have covered many areas, including bodies of water. The locals here call the webs "baba del diablo," or the "slime of the devil." LOS ANGELES, CA (Catholic Online) - ... continue reading


Gay 'rights' are 'false rights,' Mexican cardinal asserts to transsexual advocate Watch

Image of

By Nikky Andres (NEWS CONSORTIUM)

Diana Sanchez, a well-known transsexual and political figure in Mexico City's leftist party PRD, wrote a letter to Mexico's Primate, Cardinal Norberto Rivera insisting he and other cardinals "obey" the Pope in "abstaining from discriminating and judging homosexuals." ... continue reading


Here's your chance to join Pope Francis on a pilgrimage to Philadelphia

Image of Join the World Meeting of Families Virtual Pilgrimage. Grow with us in faith and receive prayers as we approach this historic event together.

By Catholic Online (NEWS CONSORTIUM)

Do you wish you could join Pope Francis in Philadelphia? Every available berth may be taken, but there is good news, you can still join him on a pilgrimage of your own! Pope Francis will be in Philadelphia on September 26-27 for the World Meeting of Families. An ... continue reading


Chilean women reject abortion as solution to sexual violence Watch

Image of Chilean women decry violations from sexual violence to workplace discrimination in a new video. However, they also reject abortion as a solution to these problems.

By CNA/EWTN News

Women in a new video released in Chile said that mothers facing difficult pregnancies need compassion and care from society, not abortion. Santiago, Chile (CNA) - "I became pregnant after I was sexually assaulted by a stranger, and it was a traumatic experience," ... continue reading


Women, children freed from slavery in Peruvian coca operation Watch

Image of Peruvian Special Forces rescued 26 children and 13 women, some of whom had been raped and held captive for three decades, when they raided a southeastern jungle camp of the left-wing Shining Path rebel group.

By Anastasia Moloney, Thomson Reuters Foundation

Peruvian Special Forces rescued 26 children and 13 women, some of whom had been raped and held captive for three decades, when they raided a southeastern jungle camp of the left-wing Shining Path rebel group. BOGOTA (Thomson Reuters Foundation) - "Many of these ... continue reading


U.S. and Cuba reopen embassies in groundbreaking move to normalize relations Watch

Image of Official relations between the two countries were severed back in 1961, a diplomatic gulf widened by an embargo on travel and trade.

By Matt Hadro, CNA/EWTN News

The U.S. and Cuba formally re-established diplomatic ties for the first time since 1961 on Monday; a groundbreaking development advocated by Catholic bishops from both countries and set in motion by Pope Francis. Washington D.C. (CNA/EWTN News) - "It's an ... continue reading


CORRUPTION RAMPANT: Few surprised with prison escape of Mexico's 'El Chapo' Watch

Image of Most were dismayed - but many were not surprised with the escape of Mexican drug cartel kingpin Joaquin

By Catholic Online (NEWS CONSORTIUM)

Most were dismayed - but many were not surprised with the escape of Mexican drug cartel kingpin Joaquin "El Chapo" Guzman from maximum-security prison last week. Mexico is notorious for having one of the most corrupt governments in the world.  LOS ANGELES, ... continue reading


How did he do it? Surveillance video released with inside look at El Chapo's elaborate escape plan Watch

Image of Joaquin

By Hannah Marfil (NEWS CONSORTIUM)

For the second time in 14 years, the most powerful drug trafficker in Mexico and FBI's Public Enemy No. 1 has escaped prison using a tunnel. After Joaquin "El Chapo" Guzman was confirmed to have escaped from the country's most secured prison, the largest manhunt in ... continue reading


All Americas News

Newsletters

Newsletter Sign Up icon

Stay up to date with the latest news, information, and special offers

Daily Readings

Reading 1, Colossians 1:15-20
15 He is the image of the unseen God, the first-born ... Read More

Psalm, Psalms 100:1, 2, 3, 4, 5
1 [Psalm For thanksgiving] Acclaim Yahweh, all the ... Read More

Gospel, Luke 5:33-39
33 They then said to him, 'John's disciples are ... Read More

Saint of the Day

Saint of the Day for September 4th, 2015 Image

St. Rosalia
September 4: St. Rosalia, daughter of Sinibald, Lord of Roses and Quisquina, ... Read More

Inform, Inspire & Ignite Logo

Find Catholic Online on Facebook and get updates right in your live feed.

Become a fan of Catholic Online on Facebook


Follow Catholic Online on Twitter and get News and Product updates.

Follow us on Twitter