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Volkswagen AG Chief Executive Officer Oliver Blume faces an uphill battle to push through a fundamental overhaul of the carmaker after failing to win initial backing from the supervisory board.

President Xi Jinping said China’s commitment to its friendship with North Korea, support for Kim Jong Un’s leadership and determination to safeguard the two countries’ common interests “will not change,” Xinhua News Agency reported on Saturday.

Kazakhstan billionaire Timur Turlov’s Freedom Holding Corp. raised $300 million in a share sale to help fund its ongoing international expansion.

India and New Zealand will elevate their relationship to a “strategic partnership,” as both seek closer trade and security ties.

Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today’s guests are Winnie Cisar, CreditSights Global Head of Strategy, John Medina, Moody’s Ratings SVP, Global Project and Infrastructure Finance, Tom Fitzgerald, TD Cowen VP, Equity Research, Gary Gensler, Former SEC Chair, Jeffrey Sherman, DoubleLine Capital Deputy Chief Investment Officer, Macrae Sykes, Gabelli Funds Portfolio Manager, Chad Mumm, Pro Shop Co-Founder and President, Nora Wittstruck, S&P Global Ratings Chief Analytical Officer for Governments, and Michael Chang, Clear Health CEO. (Source: Bloomberg)

MGM Resorts International is engaged in deal talks with Barry Diller’s People Inc. after the entertainment mogul offered to acquire the part of the casino company he doesn’t already own, the Wall Street Journal reported.