Reuters was one of the world's first news agencies to be founded and is the largest news agency in the UK and one of the four largest news agencies in the West. Reuters is one of the world's top three multimedia news agencies, providing a wide range of news and financial data and operating in 128 countries.
Reuters provides news to a wide range of media, including newspapers and television stations, and has a reputation for speed and accuracy. On the other hand, Reuters provides tools and platforms, such as stock and foreign currency exchange rates, that allow traders to analyses financial data and manage trading risks.
Reuters was founded in 1850 in Aachen, Germany, by the German Paul Julius Reuter, who moved to London the following year. It is renowned for its fast news coverage, which is widely used by newspapers around the world.
The Reuters News Service covered international news closely in line with the British government's diplomatic activities, and it also had a strong focus on sports news. The agency's economic news is mainly business reports for major British and Western corporations.
Reuters is part of the Reuters Group and accounts for 5% of the business. It has a reputation for fast news reporting that is widely used by newspapers around the world. It is owned by the newspaper publishers association, which represents national newspapers published in London, the pressassociation, which represents county newspapers, the australian associatedpress and the new zealand press association. （These four shareholders are all represented.) All four shareholders are represented on the Reuters board of directors and have a "trust agreement" to ensure Reuters' so-called "independence" and "integrity" in its news reporting.
Reuters' news is broadly divided into three types: special dispatches, urgent telegrams and regular telegrams. These are in decreasing order of timeliness and increasing order of length. The Express is primarily aimed at business users, the Flash at government agencies and electronic media subscribers, and the regular wire at other news media subscribers.
History.
In 1849 Paul Julius Reuter, originally from Kassel in Germany, began transmitting stock prices by carrier pigeon between Aachen in Germany and Brussels in Belgium. A year later, due to the completion of a new telegraph line, messages were transmitted by telegraph, and Reuter also used the newly opened Berlin-Aachen telegraph line to transmit messages between the two cities.
In October 1851, Reuters set up a submarine telegraph line office in the UK and signed a contract with the London Stock Exchange to provide stock market quotations from mainland Europe in exchange for the right to access UK stock market information. In November of the same year, the submarine cable between Dover, UK, and Calais, France, was completed and Reuters used it to provide data on the UK stock market to traders in Paris, France.
Reuters' popularity grew, especially after it first reported the assassination of Abraham Lincoln in Europe in 1865. The service offered by Reuters grew to include general and financial news from around the world, and in 1923 it pioneered the use of radio to disseminate news internationally. Reuters itself became a British citizen in 1857. Reuters has operations in 94 countries, 200 cities and 197 news agencies around the world, providing news in 19 languages, and almost all major news media subscribe to Reuters.
Reuters began to grow rapidly in the 1980s, expanding its product range, and in 1984 it became publicly listed on the London Stock Exchange and Nasdaq. A series of acquisitions were made, including Visnews (later renamed Reuters TV) in 1985, Instinet in 1986, TIBCO (later Teknekron) and Quotron in 1994.
In the late 1980s, Reuters' management was in disarray and information services were often delayed. In response, the company began to improve its information services from early 1992. On 17 May 1999, Reuters and Dow Jones & Co. decided to form Dow Jones-Reuters Interactive Business, providing access to information from The Wall Street Journal, Dow Jones & Co. and Reuters News Network, as well as more than 7,000 business news and information sources worldwide, in more than 20 languages. sources of vital information.
In 1995, Reuters established the Greenhouse Fund to make small investments in technology start-ups in the United States. Reuters also holds a majority stake in TIBCO Software, which made its initial public offering on Nasdaq in July 1999, and Instinet, which also made its initial public offering on Nasdaq in May 2001.
In October 2001, Reuters completed the largest acquisition in its history, buying the majority of the assets of Bridge Information Systems.
On 15 May 2007, Thomson Group Canada and Reuters Group issued a statement agreeing to a merger. Each Reuters share held by Reuters shareholders receives £3.525 in cash and 0.16 Thomson shares.
On 9 November 2014, Reuters announced that the news commentary function on its website would be shut down.