Google launches portal to buy patents
(Reuters) – Google Inc said it would launch an experimental portal that allows interested patent holders to sell their patents to the company.
Reuters poll: 40 percent chance Greece exits the euro zone – traders
BENGALURU (Reuters) – There is a 40 percent chance Greece will leave the euro zone, according to a Reuters poll of money market traders in which just over half said the country could stay in the bloc even if it defaults on its debt payments.
VW investors hope Piech exit may usher in change
BERLIN (Reuters) – Investors hope that Volkswagen will be able to revive profitability at its core division, cure underperformance overseas and bury lingering plans for acquisitions after the resignation of Chairman Ferdinand Piech.
U.S. services sector growth cools in April: Markit
NEW YORK, (Reuters) – U.S. services sector expansion eased slightly in April from a seven-month high in March on a dip in new business growth, but the pace of hiring in the sector accelerated to its highest since last June, an industry report showed on…
China plans mergers to cut number of big state firms to 40: state media
BEIJING (Reuters) – China will likely cut the number of its central government-owned conglomerates to 40 through a series of mergers, as Beijing pushes forward a plan to overhaul the country’s underperforming state sector, state media reported on Monda…
For Hong Kong regulator, HSBC presents major challenges
HONG KONG (Reuters) – A move by British banking giant HSBC to relocate its headquarters back to Hong Kong would present major challenges to the city’s banking watchdog, regulatory experts said.
Greek government reshuffles EU/IMF negotiating team after Riga debacle
ATHENS (Reuters) – Greek Prime Minister Alexis Tsipras on Monday reshuffled his team handling talks with European and IMF lenders, after his finance minister was sharply criticized for his performance at a euro zone meeting last week.
“Smaller and simpler” mantra rings through banking boardrooms
LONDON (Reuters) – Deutsche Bank’s plan to jettison much of its German retail bank and withdraw from one in ten countries sees it join a growing list of banks choosing to shrink and simplify to survive.
Deflation? Oil’s 45 percent rebound could be markets’ next headache
LONDON (Reuters) – Whisper it, but the next challenge for financial markets and policymakers may not be deflation, but the remarkable surge in oil prices from the six-year low touched in January.
World shares hit new high but Europe rally fades on Greece
LONDON (Reuters) – World shares hit a new high on Monday, led by China, though the global rally faded in Europe as investors looked ahead to central bank meetings in the United States and worried over Greece.
