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.
China’s young shoppers breathe new life into luxury market
SHANGHAI/HONG KONG (Reuters) – Guo Jiaxi is typical of a new generation in China that is driving a sharp revival in luxury spending: young, female and unafraid to spend.
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.
Fujifilm to take over Xerox, combined into joint venture
TOKYO (Reuters) – Japan’s Fujifilm Holdings is set to take over Xerox Corp, and combine the U.S. company into their joint venture Fuji Xerox in an effort to cut costs, the companies said on Wednesday.
Defections weaken Dutch banks’ fintech defense
AMSTERDAM (Reuters) – A new common mobile payments system for Dutch banks has been hobbled by the decision of two big lenders to focus elsewhere, highlighting the challenges major lenders face in fending off fintech rivals.
Fujifilm says to slash 10,000 jobs at Xerox JV, after report on new deal
(Reuters) – Japan’s Fujifilm Holdings said it is cutting 10,000 jobs globally at its joint venture with Xerox Corp to cope with a decline in the photocopying business, amid speculation of a new deal between the two companies.
Asia stocks poised for best month in nearly two years, dollar frail before Fed
TOKYO (Reuters) – Asia stocks steadied on Wednesday after stuttering in the wake of rising global bond yields, while the dollar came under renewed pressure, slipping to 2-1/2-year lows versus the yuan, ahead of the Federal Reserve’s policy decision.
Fujifilm says to cut 10,000 jobs at joint venture with Xerox
TOKYO (Reuters) – Japan’s Fujifilm Holdings said it is cutting 10,000 jobs globally at its joint venture with Xerox Corp, saying it needed to overhaul the photocopying business amid a tough market environment.
Samsung Elec unveils stock split, record profit as chips sizzle
SEOUL (Reuters) – Samsung Electronics Co Ltd announced on Wednesday its first stock split and said it expects demand for semiconductors to remain strong in 2018, as it posted record annual profit driven by a so-called memory chip “super-cycle.”
Media reports say Nevada regulators open misconduct inquiry into casino mogul Steve Wynn
(Reuters) – Nevada state regulators have opened an investigation into sexual misconduct accusations leveled against Las Vegas casino magnate Steve Wynn by former and current employees in a Wall Street Journal article last week, media reports said on Tu…
