MNI - Market News

MNI - Market News is a financial news organization focused on international capital markets. It is a provider of real-time news and analysis for the global foreign exchange market and fixed income markets. MNI has 12 bureaus across the United States, Asia, and Europe and is headquartered in London.[3] Market News has press credentials recognized by the White House, United States Congress, the Federal Reserve, the Deutsche Bundesbank, the European Central Bank, as well as by the governments and central banks of all Group of Seven nations.[2]

MNI - Market News
TypePrivately held company
IndustryNews
Founded1983 (1983)[1]
HeadquartersLondon, United Kingdom
Key people
Terry Alexander, CEO
ServicesOnline newspaper
OwnerHale Global
Number of employees
125 (2015)[2]
Websitewww.marketnews.com

History

MNI was founded in 1983 by economist Robert Jones to advise on any pending actions by the Federal Reserve. MMS was an early innovator in the field of real-time analytics for traders.[2]

In December 2003, it was acquired by Xinhua Finance.[4] In December 2008, Deutsche Börse paid $10 million to buy MNI from Xinhua.[5] On July 5, 2016, Deutsche Börse agreed to sell MNI to Hale Global.[6]

MNI laid off at least 17 employees shortly after the sale to Hale Global,[7] including long time Federal Reserve reporter Steven Beckner and executive editor Tony Mace. Since then there have been two more rounds of layoffs—one in September 2017, which included Treasury reporter and one-time DC Bureau chief Denny Gulino,[8][9] and one in January 2018.[10]

In February 2017, there were allegations of plagiarism by the company's chief European correspondent and Brussels bureau chief Angelika Papamiltiadou.[11]

In December 2017, Terry Alexander joined as CEO and Ricard Hall joined as Non-Executive Chairman.[12]

References
  1. "MARKET NEWS INTERNATIONAL'S THE MAIN WIRE NOW AVAILABLE FOR CQG USERS" (PDF) (Press release). September 12, 2007.
  2. Roush, Chris (August 19, 2015). "Explaining the news behind Market News International". Talking Biz News.
  3. "About Us". Market News.
  4. "Xinhua Finance to buy U.S.-based Market News". China Daily. December 10, 2003.
  5. Shields, Michael (December 22, 2008). "Deutsche Boerse buys Market News International". Reuters.
  6. "Deutsche Börse to divest Market News International". Deutsche Börse (Press release). July 5, 2016.
  7. Roush, Chris (July 18, 2016). "At least 17 laid off at Market News International, including Beckner". Talking Biz News.
  8. Roush, Chris (September 8, 2017). "Two more reporters leave MNI office in DC". Talking Biz News.
  9. Roush, Chris (July 25, 2017). "Gulino leaves Market News International, for a third time". Talking Biz News.
  10. Roush, Chris (January 8, 2018). "MNI lays off more longtime journalists". Talking Biz News.
  11. Roush, Chris (February 27, 2017). "Market News International newsroom reeling after plagiarism case". Talking Biz News.
  12. "Leadership Team". Market News.
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