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06 March 2023

End of Portugal ‘Golden Visas’ leads to application rush in Hong Kong
Wealthy Hong Kong residents from overseas have rushed to apply for permission to live in Portugal amid fears their emigration plans could be dashed after the country said it planned to end its investment-linked visa scheme.

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06 March 2023

Singapore’s GIC to invest EUR 1bn to acquire a stake in Portugal’s EDP Renovaveis
Singapore’s GIC has committed to investing EUR 1 billion to acquire a stake in Portugal’s EDP Renovaveis (EDPR), which is planning to raise equity to fund a EUR 21 billion expansion plan to invest in renewables.

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06 March 2023

Brazil wants to start building a new satellite with China in 6 months
Brazil wants to start building a new Earth Resources Satellite Program (CBERS) satellite with China within six months, according to Brazilian minister of Science, Technology and Innovation Luciana Santos.

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02 March 2023

EDP launches EUR 1 billion capital increase to gain full control of EDP Brasil
EDP wants to buy the 44% of EDP Brasil that it does not control and to finance the offer it is preparing a capital increase of EUR 1 billion, 600 million of which will come from its largest shareholders, including the biggest, China Three Gorges.

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02 March 2023

Brazil wants China´s BYD to relaunch former Ford factory in Camaçari
The governor of the Brazilian state of Bahia, Jerônimo Rodrigues, confirmed that the Government is negotiating with the Chinese automaker BYD to relaunch the former Ford factory in Camaçari (BA).

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01 March 2023

Legal Update/Mozambique: Framework for bank accounts provided by credit institutions
Mozambique has changed the legal framework for bank accounts provided by credit institutions, according to official legal database Legis-PALOP+TL.

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28 February 2023

Millennium bcp reports 51% rise in net income to EUR 207.5 million
Millennium bcp, whose biggest shareholder is China´s Fosun, reported 51% rise in net income in 2022, to EUR 207.5 million.

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28 February 2023

EDP Renováveis profit rises to EUR 671 million in 2022
EDP Renováveis (EDPR), the renewables subsidiary of Portugal´s EDP whose biggest shareholder is China Three Gorges, saw profit rise slightly in 2022 to EUR 671 million (USD 709.4 million). 

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28 February 2023

Tencent markets new game in Brazil for first time outside China
Tencent Games will be bringing their previously Chinese market only MOBA, Honor of Kings, to non-Chinese markets, beginning with a release in Brazil.

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28 February 2023

Brazilian meat exports to China expected to resume in April
The suspension of bovine meat exports from Brazil to China should last until April, and losses to the sector are expected by industry experts to be limited.
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