What are the issues and challenges facing the $5 trillion-a-day foreign exchange market, and what’s ahead?
18 Apr 2013Thomson Reuters
Hold on, it’s going to be a bumpy ride! The currency crisis rages on in Europe with political uncertainty gripping Italy, the euro zone’s third largest economy. Investors are speculating which country will be the next to seek a bailout, leaving the region vulnerable to large capital outflows.
The Bank of Japan’s unprecedented stimulus plan announced in early April has raised concerns about “currency wars”, injecting the world’s largest and most liquid financial market with volatility. That has triggered a surge in currency volumes across all trading platforms.
Investors are also grappling with new regulations in Europe and the United States that are effectively changing forex trading practices while in Asia regulators are trying to inject more transparency in illiquid currency markets.
But there is some stable ground to be found. The issues and challenges facing the $5 trillion-a-day foreign exchange market will be explored at the first-ever Reuters Global FX Summit on April 22 2013, when, during closed sessions, reporters and editors in London, New York, Singapore, and Tokyo interview the industry’s top newsmakers and movers. (more…)
Reuters’ Summit on the future of the euro zone created huge waves last week as Reuters exclusively interviewed an exceptional array of top policy makers and leaders over three days in Brussels, Paris, London, Madrid and Berlin. The roster of interviews with the finance ministers of France, Germany and Spain, European Commission President Jose Manuel Barroso and other leading names from Brussels and the ECB, came at a crucial time, with the Italian election disaster freshly minted and the banker bonus curbs agreed.
The Summit gave Reuters clients and readers an exclusive glimpse of Barroso’s reaction to Italy’s fractured election result, which has put fresh pressure on the euro zone and its austerity mantra. The stories from the Reuters Euro Zone Summit covered a wide range of other themes – from transatlantic trade and competition policy and Spain’s reforms to Cameron’s risky EU gamble, banker bonuses and France’s economic challenges. For a summary recap report of the Summit, click click here.
To mark the launch of the Thomson Reuters Intern Program, a dinner was hosted in our Canary Wharf office in London on 29thJanuary in conjunction with diversity graduate recruitment specialists, Rare. Rare sources exceptional students from diverse backgrounds and connects them with world class organizations. Founded in 2005 and chaired by Sir David Bell, former CEO of the Financial Times, Rare has placed hundreds of brilliant people in top jobs in the last eight years.
24 people were invited to the Insight Dinner and attendees of the event included current and alumni graduates from various graduate programs across Thomson Reuters, as well as business managers from all areas of the organization and a representative from TReuBEN. Also in attendance were 12 top candidates from RARE Recruitment, who are in their penultimate or final year of university. The evening began with an introduction to Thomson Reuters, a tour of the UKI newsroom, a networking opportunity, followed by a three-course meal.
The Thomson Reuters Intern Program will be an 8 week internship program with interns sitting across all areas of Thomson Reuters and it will be launched in London this summer. We are excited to launch a program of such a unique nature and look forward to meeting our first intake in July 2013. Applications are now open on theThomson Reuters career site.
The cold crisp London air reminded me that I was really here; I was really in London. A little less than a month before, I never thought that I would get to visit London for a prestigious human rights conference with some of the most brilliant minds and icons in the field. I am only a simple graduate student and an aspiring activist. I could not believe that I was about to meet some of my heroes. When I opened the conference doors, I was expecting thousands of people but then I began to realize that the conference included a little over 300 people in attendance with 28 countries represented. It was an honor to be one of the few that could hear the words, stories, ideas, and experiences coming from the mouths of truly inspiring people that are changing the world.
The focus of the Trust Women Conference was to come up with tangible solutions for human trafficking, female genital mutilation, and women’s violence in the Arab Spring. I specifically research ways to counter human trafficking with technology so I was in my element at the conference and hanging on every word that was being spoken. My favorite panel focused on using business to counter human trafficking. I thought the ideas presented were excellent and I was able to hear from my heroes in the field like Lydia Cacho, Kevin Bales, and David Batstone. In addition to what I learned during the panels, I walked away from the conference with more questions than I came with.
The questions that have stayed in my mind drive me and have set the stage for this upcoming spring semester in graduate school. I am currently trying to build mobile applications for counter human trafficking specifically geared towards a foundation called Reintegra that works with survivors of human trafficking in Mexico City, Mexico. Attending this conference was a great encouragement to me in knowing that I am on the right track towards following my dreams and using my talents towards this issue. Thank you Thomson Reuters for all you do and especially for your Trust Law initiative; it is truly changing lives around the world.
Even today, the impact of the First World War remains fresh in our collective memory. ‘Heartwarming’ stories from those fighting on the Western Front in France and Belgium were always going to be thin on the ground. But one story which has now acquired the status of legend is the account of those unofficial, spontaneous ceasefires which took place during the week leading up to that first wartime Christmas of 1914. In what has become known as ‘The Christmas Truce’, troops from both the Allied and German sides crossed over “no man’s land” to shake hands, exchange gifts, sing carols and, in some places, play games of football.
This was not the way to win wars. For several days, news of these events was hushed up by an unofficial press embargo. Then on New Year’s Eve, The New York Times carried the story. As a newspaper in a neutral country, it was unaffected by any embargo and was perhaps more prepared to take one step back and view events with objectivity. Once the story was out – and rather surprisingly – the British newspapers followed with astonishing speed, publishing first-hand accounts from soldiers in the field, taken from letters home to their families. Most of the news media ran with the story.
Employees across our London offices once again beat the festive crowds to support the annual Christmas Toy Appeal. In partnership with our community partners ELBA (East London Business Alliance) funds were donated and brand new toys purchased and for children aged 0-16 who receive much needed support from local community organizations in East London. For many, these are the only gifts they will receive during the holiday season.
An impressive array of 316 toys were donated through this year’s toy appeal – footballs, books, cuddly toys, puzzles, make-up sets and games to name just a few. The gifts are pictured above, with a very special guest…
A huge thanks to everyone who battled the crowds to buy a gift or donated money to the appeal, our contributions were the single largest received and mean that many lives will be made brighter this year.
Special thanks also to Catherine Henshaw for organizing this London-wide appeal as well as working with Manhattan toy company to ensure the greatest selection of gifts possible. Also to Penny McPherson and Pauline Dennehy for supporting over and above in their local offices.
Last week, our employees set out on a mission to paint London red…with poppies. London Poppy Day is the Royal British Legion’s single greatest fundraising day for the Poppy Appeal to raise funds for serving and ex-military personnel. In the lead up to Remembrance Day on November 11, funds are raised and poppies are sold to support those retired and still serving with the Armed Forces.
London Poppy Day is the largest single fundraising day in the city with a total of 2,000 volunteers taking to the streets representing the military and city volunteers like ourselves. Any commuter in London can’t have failed to notice their presence. (more…)
It isn’t a song from the 80s, but I realized that I’ve pretty much avoided my usual pop culture references lately, so I figured my opportunity to take part in our recent Onesource User Conference in London was a great opportunity to bring it back. I had been asked earlier this year by Tina Allen who is the public relations manager for Tax & Accounting if I could present a session on mobile technology as well as finish off the day on a panel focused on some of the implications of policy and technology on the tax professional of the future. It was also a great chance for me to get to spend some time as well at dinner with Brian Peccarelli, the president of our Tax & Accounting business.
31 Oct 2012Bob Schukai
I will be the first to admit that I am not an expert at all on tax and accounting issues. In fact, when the panel introduced themselves, they were all standout representatives of this part of the business, including our own Charlotte Rushton. As my fellow panelists introduced themselves and their backgrounds, this was the best I could come up with for myself: “I’m Bob Schukai, and I’m the Global Head of Mobile Technology at Thomson Reuters. And I pay tax!” OK, I’ll admit I’m a little better than that, but I truly was impressed at the many people I met during the day both from within the company as well as partners and customers such as Deloitte and Shell. I do want to tell you about one of the coolest areas that I think we have in our Tax & Accounting group, and it came through an acquisition of a company called Manatron. (more…)