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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Refinitiv’s PermIDs: Converting needs into opportunity

Refinitiv’s PermID framework was conceived as a proprietary tool to address an internal challenge around identifying objects in the firm’s information model. Once it had proved its worth, it was rolled out to the firm’s clients to significant success.

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