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.
BEIJING--Home-price growth continued to surge in China's second- and third-tier cities, fueling momentum in the property market, a bright spot for China's cooling economy. The average price of new homes in 70 Chinese cities rose 6.6% in July from a year earlier, excluding government-subsidized housing, according to calculations by The Wall Street Journal based on data released Wednesday by the National Bureau of Statistics. It rose sharply from the 5.8% gain in June and was the fastest on-year pace since August of last year.
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