Reuters Hit By Slump In Demand For Forex Trading Systems
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LONDON--Reuters has been hit by the ongoing contraction in the FX market, according to interim results published last week.
The UK information giant reports a drop in earnings for Reuters Trading Systems (RTS), its financial transaction products division, due to reduced demand from customers in the FX market.
"Revenue growth was affected by the weakness of the foreign exchange markets and the continuing difficult business climate in Asia," notes a statement issued with the earnings.
The report
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