robotics-maker

U.S. dollar posts 2016 gain on Trump victory, Fed forecasts

The dollar index , which measures the greenback against a basket of six major rivals, gained about 3.7 percent for the year. The index rose about 7.1 percent during the fourth quarter, more than half that gain coming since the Nov. 8 U.S. presidential election on expectations that U.S. President-elect Donald Trump's plan to boost fiscal stimulus would benefit the currency. A faster projected pace of rate hikes from the Federal Reserve next year also contributed.

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U.S. dollar posts 2016 gain on Trump victory, Fed forecasts

robotics-maker

China’s Midea receives U.S. green light for Kuka takeover

China's Midea said it will complete its takeover of German robotics maker Kuka in the first half of January after the United States authorities gave the deal a green light. The bid for Kuka, a high-tech robotics manufacturer, sparked controversy in Germany amid fears that key technologies were falling into foreign hands at a time when China protects its own companies against foreign takeovers. “The United …

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China’s Midea receives U.S. green light for Kuka takeover

robotics-maker

Kuka nears deal with Chinese bidder: source

BERLIN/FRANKFURT (Reuters) – German robotics maker Kuka is on the brink of agreeing to an investor agreement with Chinese bidder Midea that includes a long-term commitment to existing headquarters, factories and jobs, a source close to the negotiations said. Kuka needs to decide in the coming week whether it wants to recommend the acceptance of Midea's 4.5 billion euro ($4.99 billion) bid, the biggest German industrial technology company to be targeted by a Chinese buyer in a wave of recent deals. …

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Kuka nears deal with Chinese bidder: source