WEG SA engages in the production and trade of capital goods such as electric motors, generators and transformers, gear units, and geared motors. It operates through the Brazil and Foreign segments. The Brazil segment covers industry and energy operations which include distribution of single phase and triple phase motors, equipment and services for industrial automation, paints, and varnishes. The Foreign segment offers operations carried out by subsidiaries. The company was founded by Eggon João da Silva, Werner Ricardo Voigt, and Geraldo Werninghaus on June 9, 1961 and is headquartered in Jaragua do Sul, Brazil.
By Anneken Tappe The U.S. dollar has been on a nearly unstoppable uptrend since the start of the second quarter, rising in tandem with government bond yields, while equities got the short end of the stick.
By Bob Davis in Washington and Lingling Wei in Beijing A last-ditch effort by the Trump administration failed to get China to accept its demand for a $200 billion cut in the U.S. bilateral trade deficit, as Chinese officials resisted committing to any specific targets after two days of contentious negotiations.
By Stephen Fidler The British government has said it wants to leave the European Union's customs union so it can pursue trade deals elsewhere in the world. Of those, the biggest prize would be an agreement with the U.S., the U.K.'s biggest national trading partner.
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