Market News International‘s parent announced that it has acquired Need to Know News, a Washington-based news firm specializing in the delivery of economic statistics.
A Market News story states, “Employees of the firms were informed of the transaction in a joint statement by Market News International President Michael Connor and the CEO and founder of NTKN John Harada, who will remain a consultant to the combined company.
“‘We had our first discussion about bringing these two companies together at the very beginning of the year,’ the statement said. ‘While that was a very theoretical and preliminary conversation, we could see then that there were some unique and interesting possibilities that would come out of such a combination within the larger framework of the Deutsche Boerse Group.’
“Deutsche Boerse Group, which completed its purchase of Market News International in January from a Shanghai-based Xinhua Finance, offers trading specialists through its Market Data and Analytics arm a range of price data, trading statistics, analyses and indices of economic activity.
“Market News International, founded in 1983 and headquartered in New York, provides breaking economic and financial news, analysis and data from its bureaus in Washington, New York, Chicago, Beijing, Berlin, Brussels, Frankfurt, London, Paris, Singapore, Tokyo and Shanghai and correspondents in Latin America and Canada. Major components of its menu of news include intensive coverage of central banks, government finance and financial markets delivered to trading professionals and other media, including newspapers, Web sites and news services.”
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