Wednesday, June 5, 2013

Write a short note on Reuters news agency

The Reuter news agency was established in 1851 by Paul Julius Reuter in Britain at the London Royal Exchange.

Reuters is an international news agency headquartered in London, United Kingdom, and a division of 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, forming part of its financial and risk division.

It transmits news in French, English, Arabic, Spanish, German, Italian, Russian, Chinese, Japanese, and Portuguese.

The first newspaper client to subscribe was the London Morning Advertiser in 1858. Newspaper subscriptions subsequently expanded.

In 1923, Reuters develops the use of radio to transmit news internationally and starts a service of price quotations and exchange rates sent in Morse Code by long-wave radio to Europe. In the next few years, this grows into Reuters chief commercial service in Europe and, later, using more powerful radio transmitters, in the rest of the world.

In 1970, Reuter introduced Videomaster  - screen display of stock and commodity prices.

In 2010, the Thomson Reuters Foundation launches TrustLaw, a global service offering free legal assistance and anti-corruption news.

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