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China’s Midea may takeover German robot maker Kuka

  HONG KONG / AP Chinese appliance maker Midea made a takeover offer for German industrial robot maker Kuka, a move that it says would help it capture a larger share of the “future service robots market.” Midea said it would offer 115 euros (about $130) a share to buy all the Kuka shares it doesn’t already own. The cash ...

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Philippines economy grows 6.9% in Q1

  Manila / AFP The Philippines’ economy grew a better-than-expected 6.9 percent in the first quarter, the government said on Thursday, putting it on track to meet full year targets and making it one of Asia’s best performers for the three month period. The GDP figure beat economist forecasts of about 6.6 percent, and marks the highest quarterly growth in ...

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Euro area weighs $60bn Greek loan buy to win IMF support

  Bloomberg Euro-area officials are weighing a proposal to purchase loans that member states made to Greece in a move that would ease the nation’s debt burden, a precondition for the International Monetary Fund’s involvement in a bailout program. Senior finance ministry officials from the currency bloc held a conference call on Wednesday evening to discuss ways to make Greece’s ...

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