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Wednesday, January 31, 2018

Japan's Fujifilm to take over Xerox in $6.1 billion deal, create joint venture

(Reuters) - Japan's Fujifilm Holdings is set to take over Xerox Corp in a $6.1 billion deal, combining the U.S. company into their existing joint venture to gain scale and cut costs amid declining demand for office printing.

Global stocks eye second best start to a year on record

LONDON (Reuters) - World stocks pulled out of a two-day dive and were eyeing their second best start to a year ever on Wednesday, while the dollar came under renewed pressure ahead of the Federal Reserve's first meeting of the year.

Trump vows to protect U.S. intellectual property, without directly blaming China

WASHINGTON (Reuters) - U.S. President Donald Trump vowed on Tuesday to protect American intellectual property, but made little mention of China, which his administration has accused of trade abuses, in his first State of the Union speech to Congress.

Fed expected to keep interest rates steady as Yellen era ends

WASHINGTON (Reuters) - The Federal Reserve is expected to leave interest rates unchanged on Wednesday while signaling a gradual tightening of monetary policy later this year as the U.S. economy continues to expand and job gains remain solid.

South Korea says no plans to ban cryptocurrency exchanges, uncovers $600 million illegal trades

SEOUL (Reuters) - South Korea's finance minister said the government has no plans to shut down cryptocurrency trading, welcome news for investors worried that authorities might go as far as China's tough action in blocking virtual coin platforms.

Silver (haired) lining? Alibaba lures older shoppers as market slows

BEIJING (Reuters) - Online shopping may not be the typical domain of the elderly, but when it comes to buying groceries with a smartphone, Xiang Jiang, 70, considers herself rather savvy.

Coincheck falsely explained security to customers - industry group head

TOKYO (Reuters) - Japanese Coincheck made false explanations to customers about its security system before suffering one of the world's biggest cyber heists, the head of a major cryptocurrency industry group said on Wednesday.

Morgan Stanley to decide on Brexit staff moves early this year

DUBLIN (Reuters) - Morgan Stanley will make decisions on redeploying staff to its chosen locations of Frankfurt, Paris and Dublin as a result of Brexit very early this year, its president said on Wednesday.

Blackstone bets big on Wall St. information business with Thomson Reuters deal

LONDON/NEW YORK (Reuters) - U.S. private equity firm Blackstone Group LP catapulted itself into the major leagues of Wall Street's financial information industry on Tuesday with the acquisition of a majority stake in the Financial and Risk business of Thomson Reuters Corp.

Airbus A321LR long-range jet takes maiden flight

HAMBURG (Reuters) - The A321LR, a long-range version of Airbus's largest and newest single-aisle jet, made its maiden flight on Wednesday as the European planemaker looks to retain part of the market where it has been aggressively outselling rival Boeing .