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Brazil's recession is deepening, says a new IMF report.
The IRNSS space system, comprising seven satellites, would be an Indian version of the American GPS.
Data pointing to slower Chinese economic growth fanned stimulus hopes.
The country's gross domestic product (GDP) reached 67.67 trillion yuan (about $10.3 trillion) in 2015.
The two countries have backed opposing sides in the Syrian conflict.
Egypt hopes to get Chinese loan agreements and investments in a number of sectors.
China has described the tensions in the Middle East as a threat to world peace.
A wide range of indicators point to a difficult year ahead for the U.S. economy, writes Reynolds.
Chinese construction firms have won billions of dollars worth of infrastructure contracts from Algeria in recent years.
Analysts fear that despite low prices at the pump, American consumers have preferred to save their money rather than go out shopping.
