As expected, MarketWatch.com, along with newswires France’s AFX News and China’s Xinhua Financial Networks, has formed “World Business News”, a new alliance aimed at providing more affordable financial news to institutional investors. The new business news service will be carried on the systems of Thomson Corp, which has targeted the lower-cost end of the financial news and data market, and information provider Moneyline Telerate.

In another story, Guardian says that the new alliance may be a threst to Reuters.

Also see the joint company statement.