Greece reshuffles EU/IMF negotiating team after Riga debacle

Greek Prime Minister Alexis Tsipras on Monday reshuffled his team handling talks with European and IMF lenders, a move widely seen as an effort to sideline embattled Finance Minister Yanis Varoufakis to a less active role in negotiations.

Like shale oil, solar power is shaking up global energy

One by one, Japan is turning off the lights at the giant oil-fired power plants that propelled it to the ranks of the world's top industrialized nations. With nuclear power in the doldrums after the Fukushima disaster, it's solar energy that is becoming the alternative.

Deflation? Oil's 45 percent rebound could be markets' next headache

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.

Cap Gemini to buy U.S.-based IGATE for $4 billion, raises 2015 outlook

Cap Gemini plans to buy United States-based IGATE Corp for $4 billion cash to make North America its biggest market and is raising its sales outlook for 2015 after a solid first-quarter, the French IT services company said on Monday.

World shares hit new high but Europe rally fades on Greece

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.

China plans to cut number of big state firms to 40: state media

China will likely cut the number of its central government-owned conglomerates to 40 through massive mergers, as Beijing pushes forward a sweeping plan to overhaul the country's underperforming state sector, state media reported on Monday.

All eyes on Fed as dollar halt reaches seven weeks

The dollar steadied in the lower half of an increasingly intransigent range on Monday, after sliding late last week following another round of disappointing U.S. economic data.

SEC's stock market reform club locks out retail brokers

The U.S. Securities and Exchange Commission is convening a group of financial industry veterans for the first time next month to consider stock market reforms, but one group will be conspicuously absent: retail brokerages.

Brent crude holds near 4-1/2 month high on Yemen, U.S. rig count

Brent crude prices held near a 4-1/2 month high above $65 a barrel on Monday, supported by concerns about fighting in Yemen disrupting Middle East supplies and signs that U.S. shale output may have started to decline.

German Chancellor, Greek PM agree to stay in touch to reach debt deal

Greek Prime Minister Alexis Tsipras and German Chancellor Angela Merkel agreed in a phone conversation on Sunday to maintain contact during talks between Athens and its lenders to reach a debt deal, a Greek government official said.

More central banks meet, but ability to pilot economies in doubt

Most central banks have been easing policy since the start of the year and are set to do more, but it still isn't clear whether that new activism, which has pushed stock markets to record highs, will help the global economy much.

If Greece falls, no one wants their prints on the murder weapon

"We're going bust." "No, you're not." "You're strangling us." "No we're not." "You owe us for World War Two." "We gave already."

Pop Milano sits pretty as Italy cooperative banks brace for M&A

At least five investment banks are vying to win a mandate from Banca Popolare di Milano (BPM) (PMII.MI) and find it a partner as Italian cooperative lenders gear up for a wave of mergers following a landmark reform of the sector.

India's Ratan Tata buys stake in Chinese phone maker Xiaomi

Ratan Tata, chairman emeritus of the holding company of India's Tata conglomerate, has acquired a stake in Xiaomi Technology [XTC.UL], a deal that is likely to bolster the Chinese phone maker's presence in the world's third-largest smartphone market.

Nokia denies return to phone manufacturing

Finland's Nokia denied reports in Chinese media that it planned to return to manufacturing phones. "Nokia notes recent news reports claiming the company communicated an intention to manufacture consumer handsets out of a R&D facility in China. These reports are false," Nokia said in a statement posted on its website.

Two-year degrees can really pay off

Steven Polasck of Corpus Christi, Texas, liked math and science in high school. He considered attending a four-year college but ultimately decided to use his strengths to get a two-year degree in instrumentation from Texas State Technical College. He has not looked back.

Lower Saxony premier says VW Chairman's exit was 'unavoidable'

The premier of the German state of Lower Saxony, which owns 20 percent of Volkswagen (VOWG_p.DE), said the resignation of VW Chairman Ferdinand Piech announced on Saturday was necessary to create clarity about the carmaker's leadership.

BlackBerry considers closing Sweden operations

BlackBerry Ltd is considering closing its offices in Sweden, a move that would result in the loss of up to 100 jobs, a company spokesperson told Reuters.

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