Wednesday, August 17, 2016

+++ +++ Market News: Economy Minister Gabriel welcome Chinese the … – ABC Online

Updated Wednesday, 08.17.2016, 07:14
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Minister Gabriel gives permission for Kuka takeover

Wednesday, August 17 07:11. PM: The way for the takeover of the robot manufacturer Kuka by the Chinese electrical appliance manufacturer Midea is free. The Ministry of Economics has completed the acquisition tested and will take any further action, as a spokesperson for Minister Sigmar Gabriel said. He thus confirmed a report of the “Bayerischer Rundfunk”.

The Ministry will not to open a formal investigation under the Foreign Trade Law, the spokesman said. The review had no evidence shows that the public order or security of the Federal Republic of Germany would be jeopardized by the takeover.

According to the Foreign Trade Law, the Ministry may take a sale under the microscope when an investor from outside the EU at least 25 percent of voting shares in a German company acquires. To investigate, then if this “public order or security” of Germany at risk. The acquisition may be prohibited, possible are met. The concerns about strategically important areas such as telecommunications and electricity and water supply.

The Chinese electrical appliances maker Midea acquired Kuka to nearly 95 percent, according to information provided after the end of a period on Monday. Midea intends to complete the acquisition by March 2017th Kuka with 12,600 jobs is on robots for industry – especially in automotive production – specialized.

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102 00 EUR
- 1.10 (- 1, 07%)

after records and statements by US central bankers: US exchanges give way

23:25 : on the hunt for records of US stock markets earlier this week followed a little profit-taking on Tuesday. Statements by US central bankers on a possible rate hike later this year voted investors cautious. The continued rise in oil prices and the new economic data provided at the same time rather reassuring signals for stocks. The current houses and industrial data were surprisingly strong failed, been inflation data mau.

The Dow Jones Industrial closed at minus 0.45 percent to 18,552.02 points just above his recently reached daily low. The market breadth S & P 500 index lost 0.55 per cent to 2178.15 points and the tech-heavy Nasdaq index selection 100 lost 0.62 percent to 4797.19 nominator. were the day before every three boosted by a sharp rise in oil prices reached record highs.

As the New York Fed President William Dudley said the Fed while Dennis Lockhart, president might possibly raise rates in September, Federal Reserve Bank of Atlanta, a rate hike by year-end did not rule. Such a rate hike could be expected, even if economic growth had lost last pace in the world's largest economy, it said, according to the transcript.


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