Thomson Reuters Corp.

Financial Services
NYSE: TRI
Canada
Thomson Reuters

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According to its Annual Report filed with the SEC for fiscal year 2019: "During 2019, one of our non-U.S. subsidiaries sold Reuters text newswires and video broadcast services products to one customer covered by the ITRA. These sales were exempt from applicable U.S. economic sanctions laws and regulations as exports of information and informational materials and authorized under the applicable U.K. and E.U. sanctions against Iran. These sales represented approximately 0.001% of our company’s 2019 consolidated revenues. The aggregate gross revenues attributable to these sales in 2019 were approximately $50,352. We estimate that the 2019 net profit attributable to these sales (utilizing Reuters News’ 2019 segment adjusted EBITDA margin disclosed in this annual report) was approximately $2,820. Our Reuters business does plan to continue its existing customer contracts, which are covered by the ITRA. However, it does not plan on entering into any new sales contracts with customers covered by the ITRA, subject to certain limited exceptions where continued sales are permissible under applicable export control and economic sanctions laws and regulations."

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“Iran's main bourse is in talks to share its trading data with Thomson Reuters Corp. once the main sanctions on the republic are lifted, according to the head of the Tehran Stock Exchange. The discussions between the New York-based financial information company and the Tehran exchange are the latest evidence of how keen foreign companies are to enter the frontier market, if and when Iran is permanently reintegrated into the global economy. Under a deal agreed late last year between Iran and six global powers, Western countries have already eased economic sanctions on Iran for the first six months of this year. Hassan Qalibaf, chief executive of the Tehran Stock Exchange, confirmed a meeting had taken place with Thomson Reuters representatives on Wednesday this week during a visit by its officials to London. ‘They are interested in disseminating the trading data of the Tehran capital market,’ he said, during an interview with The Wall Street Journal in the U.K. capital. A spokeswoman for Thomson Reuters confirmed the meeting and said it was ‘used to express mutual interest in exploring potential business opportunities should sanctions permit…No agreement of any type was discussed.’” (WSJ, “Tehran Stock Exchange in Talks to Share Trading Data With Reuters,” 4/10/14)