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FOLHA DE S. PAULO (Brazil)

BEIJING - China made its largest investment of early 2012 in fellow BRIC Brazil by acquiring 30% of Petrogal Brasil, a subsidiary of Portuguese company Galp Energia. State-owned Sinopec, or Chinese Petrochemical Company, paid $4.8 billion for the aquisition. Overall, China invested $21.4 billion abroad from January to March, a 118% increase from the same period last year.

Chinese premier Wen Jiabao said earlier this month that bilateral trade with Brazil will break the $100 billion barrier this year. He met Brazilian Chamber of Deputies president Marco Maia, who is leading a comittee to China. China is the largest Brazilian business partner since 2009.

Petrogal Brasil is a prime target for Chinese investments, which concentrate on energy and natural resources companies. In May, another Chinese company, State Grid, bought seven energy transmission lines in Brazil. It paid $531 million and assumed another $411 million in debts.
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The Royal Mint unveiled the first coins featuring the portrait of King Charles

Chloé Touchard, Lisa Berdet, Lila Paulou and Anne-Sophie Goninet

👋 Akkam!*

Welcome to Friday, where an attack on a line of civilian cars kills at least 25 in Ukraine, a suicide bomb attack in Kabul leaves 23 dead, and the first coins with King Charles’ portrait are unveiled. Meanwhile, Timour Ozturk reports from Istanbul for French daily Les Echos on how the historic Turkish city becomes the prime destination for Russians fleeing military conscription.

[*Oromo, Ethiopia]

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