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U.S. dollar posts 2016 gain on Trump victory, Fed forecasts
December 30, 2016 by publisher · Leave a Comment
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
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China’s Midea receives U.S. green light for Kuka takeover
December 30, 2016 by publisher · Leave a Comment
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
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Foxconn joint venture to build $8.8 billion LCD plant in China
December 30, 2016 by admin · Leave a Comment
A joint venture between Hon Hai Precision Industry Co , known as Foxconn, and Sharp Corp plans to build a 61 billion yuan ($8.8 billion) factory in China to produce liquid-crystal displays (LCDs). Sakai Display Products Corp's plant will be a so-called Gen-10.5 facility specializing
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Foxconn joint venture to build $8.8 billion LCD plant in China
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FTC seeks more info on Bass Pro-Cabela’s deal
December 30, 2016 by creative · Leave a Comment
(Reuters) – U.S. fishing and hunting equipment retailer Cabela's Inc , which is being bought by privately held rival Bass Pro Shops, said the Federal Trade Commission had sought more information from the companies about the deal. Cabela's shares were down 7.6 percent at $56.98
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FTC seeks more info on Bass Pro-Cabela’s deal