Thomson Buys Xinhua News; DJ in Play

Shanghai-based Xinhua sold its news bureaus in Tokyo, Manila, Jakarta, Kuala Lumpur, Singapore, Sydney and Seoul, along with 21 journalists spread between the seven locations, to Thomson Financial for an undisclosed sum. The deal was effective Friday, June 1.

Reuters, which is merging with Thomson Corp., already has bureaus in all seven cities.

Xinhua retains more than 80 journalists across bureaus in Beijing, Shanghai, Hong Kong and Taipei, and will use them to focus on China, where the vendor

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Systematic tools gain favor in fixed income

Automation is enabling systematic strategies in fixed income that were previously reserved for equities trading. The tech gap between the two may be closing, but differences remain.

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