Reuters Business Today: January 2, 2017

Click to View in Browser Monday, January 2, 2017 New Year, new high for euro zone stock markets LONDON (Reuters) - Euro zone stocks opened 2017 by climbing to their highest in more than a year on Monday after data showed manufacturers in the currency bloc ramped up activity at the fastest pace in more than five years. Hyundai, Kia target sales rebound after first fall in 18 years SEOUL (Reuters) - Hyundai Motor and affiliate Kia Motors on Monday forecast global sales to rebound in 2017 by a stronger-than-expected 5 percent, after posting their first annual sales fall in nearly two decades last year. Bitcoin jumps above $1,000 for first time in three years LONDON (Reuters) - Digital currency bitcoin kicked off the new year by jumping above $1,000 for the first time in three years late on Sunday, having outperformed all central-bank-issued currencies with a 125 percent climb in 2016. New drug approvals fall to six-year low in 2016 LONDON (Reuters) - Last year turned out to be a disappointing one for new drug approvals with the U.S. Food and Drug Administration clearing just 22 new medicines for sale, the lowest number since 2010 and sharply down on 2015's tally of 45. Apple partner Wistron seeks to expand India smartphone parts plant: government official MUMBAI (Reuters) - Smartphone component maker Wistron Corp, which counts Apple Inc among its customers, has applied for permission to expand its plant in the Indian city of Bengaluru, a high-ranking regional government official said on Monday. Samsung Electronics to reveal Galaxy Note 7 probe results this month: JoongAng Ilbo SEOUL (Reuters) - Samsung Electronics Co Ltd will announce this month the results of an investigation into what caused some of its Galaxy Note 7 smartphones to catch fire, the JoongAng Ilbo newspaper reported on Monday citing unnamed sources. South Korea bans sales of some Nissan, BMW and Porsche models SEOUL (Reuters) - South Korea has banned the sale of 10 models of Nissan, BMW and Porsche vehicles after the carmakers were found to have fabricated certification documents, in the latest fallout from the Volkswagen emissions scandal. Silicon Valley's obscure unicorns could boost 2017 IPO market (Reuters) - Social media firm Snap Inc may be the highest profile tech IPO planned for 2017, with the potential to raise billions. Chinese firms ordered to pay Disney, Pixar $194,000 for copying 'Cars': Xinhua SHANGHAI (Reuters) - A Shanghai court ordered two Chinese firms to pay Walt Disney Co and Pixar more than 1.35 million yuan ($194,440) compensation for copying parts of their hit movies "Cars" and "Cars 2", the official Xinhua news agency reported on Saturday. Tesla owner files lawsuit in California claiming sudden acceleration SAN FRANCISCO (Reuters) - Tesla Motors Inc was sued on Friday by a Model X owner who said his electric SUV suddenly accelerated while being parked, causing it to crash through the garage into the owner's living room, injuring the driver and a passenger. Related Video Wall St ends solid 2016 on dour note Crystal Ball drops in Times Square for test Counterparties is a curated snapshot of the best finance news and commentary around the web. Register Today News you can use with actionable, timely advice for managing your financial life, including retirement, taxes, real estate, education and more. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2017 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook