The parent of Reuters and the London Stock Exchange Group have reached a partnership to expand financial and markets coverage, primarily in India and China.
Terms were not disclosed.
The deal will create new editorial roles in Reuters in four areas: financial markets, mergers and acquisition, the energy transition, and data visualization.
Reuters is more than doubling its reporters covering India so that it can expand coverage of local FOREX, fixed income and equity markets, government policy, the regulatory landscape and public companies.
Reuters has also expanded its China equities coverage of the biggest public companies, including China’s top 350 listed companies.
Thomson Reuters recently acquired PLX AI, a real time financial news service powered by artificial intelligence, which is now integrated into Reuters News and will be expanded across additional markets. PLX AI had a significant partnership with stock exchange, and the content it generates will be available exclusively through stock exchange products.
Reuters and the stock exchange will also explore launching subscription-based consumer products.
“Our new range of commitments will boost both organizations, delivering an even more valuable news file to LSEG’s customers and a superior experience to professionals around the world,” said Thomson Reuters CEO Steve Hasker.
In 2021, Thomson Reuters sold Refinitiv, one of the world’s largest providers of financial markets data and infrastructure, to the stock exchange and owns shares in the stock exchange.
