Business, Legal & Accounting Glossary
An international news agency headquartered in London, UK.
Reuters is an international news organisation owned by Thomson Reuters. Until 2008, the Reuters news agency formed part of an independent company, Reuters Group plc, which was also a provider of financial market data. Since the acquisition of Reuters Group by the Thomson Corporation in 2008, the Reuters news agency has been a part of Thomson Reuters, making up the media division. It was established in 1851.
Reuters is short for the Reuters Group plc, a world-renowned news service and financial market intermediary. Reuters was founded in the mid-1800s by Paul Julius Reuter, who had discovered the power of the electric telegraph. Reuters supplies the global financial markets and news media with timely and relevant market data, research and analytical services, trading platforms, investment information and news. Reuters primarily makes money from the sale of content, images and video to its subscribers. Reuters employs an extensive team of journalists, who cover all major news events. Almost all major news outlets subscribe to Reuters. Headquartered in London, England, Reuters trades on the London Stock Exchange and NASDAQ under the symbols ‘RTR’ and ‘RTRSY’. In 1995, Reuters established a “Greenhouse Fund” to invest in start-up and early-stage technology companies.
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This glossary post was last updated: 16th February, 2020 | 0 Views.