Thursday, 21. October 2010

Reuters Hit With Massive Internal Scandal


The normal investor cannot be in all places at all times. No matter how much he knows about the market, he or she will always need to read reports, news stories and professional opinions about the companies in which they are interested in investing.

Speed, moreover, is the name of the game in the modern finance industry. Decisions have become a quasi-mob mentality, whereby one piece of news can set off a firestorm in the markets, e.g. China's recent decision to raise interest rates.

huffingtonpost.com

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