Bonds bounce, stocks struggle, Bitcoin battered
LONDON (Reuters) – Worries about a U.S.-led trade war put world stocks at risk of their first two day loss of the year on Thursday, while bond markets bounced as China poured cold water on reports that it might stop buying U.S. debt.
South Korea plans to ban cryptocurrency trading, rattles market
SEOUL (Reuters) – South Korea’s government said on Thursday it plans to ban cryptocurrency trading, sending bitcoin prices plummeting and throwing the virtual coin market into turmoil as the nation’s police and tax authorities raided local exchanges on…
Hyundai invests in Grab to gain ‘foothold’ in Southeast Asia ride-hailing market
SEOUL (Reuters) – South Korea’s Hyundai Motor Co said on Thursday it had invested in Southeast Asian ride-hailing firm Grab, as it seeks to expand into the region to reduce its reliance on China following a damaging diplomatic row between Seoul and Be…
Photocopier pioneer Xerox in talks for deal with Japan’s Fujifilm: WSJ
(Reuters) – Xerox Corp , under pressure to find new growth sources amid shrinking demand for its printer and copier business, is in talks for a deal with Japanese camera maker Fujifilm Holdings that could include a change in control of Xerox, the Wall…
Asian shares weaken on trade worries, bonds recover as China rebuts report, bitcoin slumps
TOKYO (Reuters) – The New Year rally in Asian shares petered out on Thursday due to concerns about rising U.S. protectionism, while bonds rebounded after China’s regulator said a report about Beijing slowing or halting of its U.S. bond buying was possi…
South Korea plans to ban cryptocurrency trading, rattles market
SEOUL (Reuters) – The South Korean government on Thursday said it plans to ban cryptocurrency trading, sending bitcoin prices plummeting and throwing the virtual coin market into turmoil as the nation’s police and tax authorities raided local exchanges…
LG Electronics to start operating U.S. washing machine factory in fourth-quarter 2018
SEOUL (Reuters) – South Korea’s LG Electronics plans to start operating its new washing machine factory in the United States in the fourth quarter this year, its chief executive said on Thursday.
Lagging industry, Ford puts auto emergency brakes on two 2019 models
(Reuters) – Ford Motor Co said on Thursday it will make automatic emergency brakes standard on two key 2019 models, an effort by the No. 2 U.S. automaker to catch up with rivals in offering the new technology designed to help vehicles avoid collisions…
South Korea justice ministry prepares to ban cryptocurrency trading, exchanges raided
SEOUL (Reuters) – South Korea’s justice minister said on Thursday the government is preparing a bill to ban cryptocurrency trading, throwing the virtual coin market into turmoil as the nation’s police and tax authorities raided local exchanges on alleg…
Xerox in talks for deal with Fujifilm: WSJ
(Reuters) – Printer manufacturer Xerox Corp is in talks to do a deal with Japanese camera maker Fujifilm Holdings Corp that could include a change in control of Xerox, the Wall Street Journal reported on Wednesday, citing people familiar with the ma…
