Reuters - Business Today

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Thursday, January 11, 2018

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 alleged tax evasion.

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.

Walmart uses lower U.S. tax bill to raise minimum wage to $11 an hour

NEW YORK (Reuters) - Walmart Stores Inc said on Thursday it would raise entry-level wages for hourly employees to $11 an hour as it benefits from the biggest overhaul of the U.S. tax code in 30 years.

Delta sees unit revenue rising, shares jump

(Reuters) - Delta Air Lines Inc reported better-than-expected profit for the fourth quarter on Thursday, helped by a busy holiday travel season, and forecast even better performance in the current quarter, sending its shares up almost 3 percent in premarket trading.

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.

Exclusive: Lufthansa CEO calls for 'significant' Alitalia cuts - letter

FRANKFURT (Reuters) - Lufthansa sees a need for "significant" restructuring at Italy's Alitalia before the German airline can make a deal to buy the carrier, according to a letter by Lufthansa Chief Executive Carsten Spohr seen by Reuters on Thursday.

So close yet so far: China deal elusive for France's Areva

SHANGHAI/PARIS (Reuters) - A deal long sought by French company Areva to build a $12-billion nuclear waste reprocessing plant in China looks increasingly unlikely to go ahead despite a visit to Beijing by President Emmanuel Macron meant to drum up business.

Rocket Internet CEO says ready to pounce with cash pile

BERLIN (Reuters) - Germany's Rocket Internet needs to hold on to its mountain of cash so it can compete with rivals from the United States and China and pounce when investment opportunities arise, the chief executive said in an interview.

Futures pick up as bond market worries ease

(Reuters) - U.S. stock futures were slightly higher on Thursday, a day after Wall Street closed lower for the first time this year following a spike in U.S. Treasury yields and concerns over the United States pulling out of a key trade agreement.

IBM to reassign 30 percent of staff in 2018: The Register

LONDON (Reuters) - International Business Machines Corp plans to reassign up to 30 percent of staff in its 103,000 computer service delivery business this year with job losses through attrition of around 10,000, technology website The Register reported on Thursday, citing unnamed company insiders.