Skip to content
Catholic Online Logo

By Catholic Online (NEWS CONSORTIUM)

7/18/2014 (1 year ago)

Catholic Online (

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.


By Catholic Online (NEWS CONSORTIUM)

Catholic Online (

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 October 2015
That human trafficking, the modern form of slavery, may be eradicated.
Evangelization: That with a missionary spirit the Christian communities of Asia may announce the Gospel to those who are still awaiting it.


More Americas

Two of Mexico's most dangerous criminal imprisoned on U.S. soil Watch

Image of Forty-two-year-old Valdez, who also goes under the name of

By Catholic Online (NEWS CONSORTIUM)

Two of Mexico's most violent and dreaded criminals are now imprisoned on U.S. soil. Edgar "La Barbie" Valdez Villarreal and Jorge Eduardo "El Coss" Costilla Sanchez are among the most notorious of 13 suspects sent to the U.S. in an unusually high-level judicial ... continue reading

Cuban President pressured by Obama to make moves Watch

Image of


President Barack Obama has broadened opportunities for Americans to spend money, travel, and open businesses in Cuba following two rounds of regulatory reforms since December. While America has been on the move, it seems Cuba has limited its movements to reopening its ... continue reading

Cuba's homeless mysteriously vanish prior to the papal visit Watch

Image of Cuba's homeless vanish before Pope Francis' visit and reemerge just as mysteriously afterward.


The streets of eastern Holguin, Cuba are now flooded with homeless people, following Pope Francis's visit; the homeless went missing during the Pope's tour of the country. LOS ANGELES, CA (Catholic Online) - Dozens of homeless now re-flood the streets of eastern ... continue reading

First U.S. Hispanic Saint: Pope Francis to canonize Junipero Serra during U.S. visit Watch

Image of Father Junipero Serra's canonization will

By Abigail James (NEWS CONSORTIUM)

Pope Francis and the Vatican have announced plans to canonize the Blessed Junipero Serra during the Pope's visit to the United States on September 23. Serra will become the United States' first Hispanic saint. LOS ANGELES, CA (Catholic Online) - Often times, the ... continue reading

The 'silent genocide' of the Brazilian Guarani tribe Watch

Image of Guarani tribe members were promised land in 1993 and have yet to see it, so they fight (Survival International).

By Talia Ramos

One of the oldest tribes in South America, the Guarani Indian tribe, was displaced after ranchers claimed their lands, forcing them to sleep on roadsides. Due to their persecution from the politically-powered land owners, the surviving Guarani people have been asking ... continue reading

South American femicide continues to increase at shockingly high rates Watch

Image of Rape, murder, and kidnapped victims in Mexico continues to increase.


Aidé Nava, a mayoral candidate and mother from Ahuacuotzingo Village in Mexico was found decapitated on the streets of her own town. Gangsters are believed to be behind several kidnappings where women are tortured, raped and decapitated.  MUNTINLUPA CITY, ... continue reading

Why Pope Francis' last speech in Cuba was a masterstroke of genius Watch

Image of Pope Francis has become a political force to be reckoned with.

By Marshall Connolly, Catholic Online (NEWS CONSORTIUM)

Pope Francis concluded his visit to Cuba by delivering a masterful speech calling for a new revolution in the socialist country. He delivered his speech just before departing on Tuesday. Though steeped in religious tones, the call to action is courageous and clear. LOS ... continue reading

'It's like a sign of God': Costa Rican community amazed by unusual cloud formation Watch

Image of Beautiful display of cloud iridescence.

By Kenya Sinclair (NEWS CONSORTIUM)

Last Tuesday a cloud phenomenon occurred in Costa Rica, leaving people both mystified and horrified. LOS ANGELES, CALIFORNIA (Catholic Online) - Several cities such as San Jose, Parrita, Pavas, Escazu and Hatillo reported the colorful cloud anomaly. Hundreds posted ... continue reading

Pope Francis wasn't the first to visit Cuba - what happened during previous Papal visits? Watch

Image of Pope Emeritus Benedict XVI meets with Fidel Castro (L'Osservatore Romano Vatican-Pool/Getty Images).

By Kenya Sinclair (NEWS CONSORTIUM)

Pope Francis is the third pope to visit Cuba. Who were the first two and why did they decide to visit? LOS ANGELES, CALIFORNIA (Catholic Online) - Pope Benedict XVI and Pope John Paul II each made the trip to Cuba in 2012 and 1998 respectively.TIME called John Paul's ... continue reading

Pope Francis brings hope to Cuba Watch

Image of Pope Francis with Cuban President Raul Castro.

By Kenya Sinclair (NEWS CONSORTIUM)

On the 62nd anniversary of Pope Francis' first calling from God, the pontiff celebrated Mass in east Cuba and was the first pope to visit Holguin, the province's capital.The pope not only delivered a beautiful mass but also met with Fidel Castro and made a few pointed ... continue reading

All Americas News


Newsletter Sign Up icon

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

Subscribe to Catholic OnlineYouTube Channel

Daily Readings

Reading 1, Jonah 3:1-10
1 The word of Yahweh was addressed to Jonah a second ... Read More

Psalm, Psalms 130:1-2, 3-4, 7-8
1 [Song of Ascents] From the depths I call to you, ... Read More

Gospel, Luke 10:38-42
38 In the course of their journey he came to a ... Read More

Saint of the Day

Saint of the Day for October 6th, 2015 Image

St. Bruno
October 6: Bruno was born in Cologne of the prominent Hartenfaust family. ... Read More