Funding & Business
Dongfeng Motor to Sell 50% Stake in Joint Venture with Honda
State-owned Chinese automaker Dongfeng Motor Group Co. is selling its 50% stake in a joint venture with Honda Motor Co., in a reflection of the country’s rapid shift away from gasoline-powered vehicles.
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Iron ore advanced as China’s daily steel output showed signs of improvement, while shipments from major exporter Brazil slowed.
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GCL Technology Holdings Ltd.’s stock rose after the Chinese company announced a share sale to help fund efforts to reduce overcapacity in the solar polysilicon sector.
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Australia’s productivity slump may be less severe than it appears and a moderation in the government sector’s “breakneck expansion” could be key to a better performance, according to Bloomberg Economics.
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