China bought half of Brazil’s oil exports as Iran war shut Hormuz, driving sales to record

South China Morning Post - Oct 15, 2026

Trade between Brazil and China reached a record US$143 billion in the first nine months of the year, driven by Brazilian oil sales that surged after the war on Iran disrupted Gulf supply, according to a report by the Brazil-China Business Council. Brazilian exports to China rose 12 per cent to US$84.7 billion between January and September, while imports from China grew 9.9 per cent to US$58.6 billion, the council said in its quarterly analysis of government data. The resulting US$26.1 billion...

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First Quad leaders’ summit after 2 years in Manila next month, Rubio confirms
Oct 20, 2026
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China close to matching US spending on ‘new way of war’, Republican senator warns
Oct 20, 2026
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The United States is lulling itself into a “sense of false security” over its military rivalry with China, according to a Republican senator who called for more spending on modern warfare systems and closer cooperation with allies. Speaking at the Hudson Institute after a recent trip to Japan and South Korea, Dave McCormick, a Pennsylvania senator and West Point graduate, claimed up to 90 per cent of US defence spending funded decades-old equipment and technologies. “We convince ourselves; we...

Will Xi, Trump, Putin meet at Apec? First, they must agree on an agenda
Oct 20, 2026
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Mutual funds raise stake in KRN Heat Exchanger; Union MF enters with five schemes
Oct 20, 2026
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Bihar cops struggle to confirm Tiger Shroff shooter identity after woman says accused not her son
Oct 20, 2026
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Bihar cops struggle to confirm Tiger Shroff shooter identity after woman says accused not her son
Oct 20, 2026
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US stocks today: US stocks open lower as AI stocks decline, oil prices rise
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Wall Street opens lower as renewed weakness in AI-linked stocks and higher oil prices weigh on the major indexes. The Dow Jones slips 0.01%, while the S&P 500 falls 0.15% and the Nasdaq drops 0.37%. Investors remain cautious ahead of major corporate earnings reports due this week.

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