Amazon debuts in Thomson Reuters 2015 top 100 innovators list 

Online marketplace Amazon.com Inc made its debut in the 2015 Thomson Reuters Top 100 global innovators list, leaving International Business Machines Corp, the world's largest technology services company, out of the list. 

PHOTO: AFP

NOV 12, 20151:47 PM

[BENGALURU] Online marketplace Amazon.com Inc made its debut in the 2015 Thomson Reuters Top 100 global innovators list, leaving International Business Machines Corp, the world's largest technology services company, out of the list.

Amazon joins the innovators list for the first time for innovations in data centres, devices, electronic methods and systems, according to its latest report.

The Thomson Reuters Top 100 global innovators program identifies innovators annually through an in-depth analysis based on a series of patent-related metrics that analyze what it means to be truly innovative.

There are 27 companies that are dropped from the list this year, including AT&T, IBM, Siemens and Xerox. "For IBM, although they regularly top the list of US patentees by volume of patents each year, the Top 100 Global Innovators listing evaluates not just volume, but also success, globalization and impact," said Bob Stembridge, analyst with Thomson Reuters IP & Science.

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Japan and the United States are innovation hot spots and chemical, semiconductor and electronic components and autos are the top innovative industries, according to the report.

Thomson Reuters analysts studied Silicon Valley for the first time to see which companies are leading in the region. The top Bay Area innovators list shows that 11 companies overlap with the top 100 global innovators, indicating that 31 percent of leading US innovators and 11 per cent of the world's top innovators are located in the San Francisco Bay Area.

Uber and Tesla Motors Inc did not make it to the list. "Both Uber and Tesla do innovate, but not at a sufficient level to feature in the Top 100 list of innovative organizations around the globe as measured by patent metrics of volume, success, globalization and impact. They neither have sufficiently large portfolios to qualify for inclusion with less than 100 granted inventions during 2010-2014," Stembridge said.

REUTERS

      

China plans power trading exchanges to free up electricity prices

NOV 12, 20155:12 PM

[BEIJING] China is planning to set up two regional power trading exchanges as part of efforts to free up electricity prices, now set by the government, an official said on Thursday.

China's top economic planning agency, the National Development and Reform Commission (NDRC), is currently in talks with power firms and the country's two state grid firms to set up the two exchanges in Beijing and Guangzhou. "We are studying matters related to opening power trading centres in Beijing and Guangzhou, and there are also studies into setting up other provincial-level trading organizations,"an NDRC spokesman, Shi Zihai, told reporters.

He gave no details.

China aims to break the power sales monopoly held by the two state grid firms, the State Grid Corporation of China and the Southern Grid Corporation. It has already launched pilot reform programmes in seven provinces that allow generators to reach sales agreements directly with consumers.

The Southern Grid manages power transmission and distribution in five southern regions. The State Grid is responsible for the rest of the country.

Mr Shi said the government was drawing up further plans to free up the power market in pilot regions, which include the hydropower-rich southwestern provinces of Yunnan and Guizhou as well as Inner Mongolia and Ningxia in the coal-producing northwest.

He said six new policy plans, to be released soon, would establish rules for power transmission and distribution, setting power prices and organising and operating the new exchanges.

China's power industry is in the doldrums as a result of waning industrial growth. Power output has fallen 0.1 per cent in the first 10 months of the year, according to the National Bureau of Statistics.

With demand weak and new capacity still coming on line, power supplies were expected to remain in surplus for the next two to three years, the China Electricity Council said in a report published at the end of last month.

REUTERS

    
 

Deutsche Bank announces new mgt committee for global markets business

NOV 13, 201512:02 AM

[LONDON] Deutsche Bank on Thursday announced a new management committee for its Global Markets division as part of a shake-up of Germany's largest lender, according to an internal memo seen by Reuters on Thursday.

Among the new appointments, Ram Nayak was named head of debt trading, combining the German bank's rates, credit, foreign exchange and emerging market debt (FIC) activities with is structured finance trading business.

Tom Patrick was appointed new head of global equities, replacing Garth Ritchie, who has been promoted to run the entire Global Markets division.

A Deutsche Bank spokesman confirmed the contents of the memo.

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The German bank, which has a big presence on Wall Street, announced in October that it would split its investment bank in two after mounting shareholder pressure for reform, with one part focusing on corporate and investment banking - traditional mergers and acquisitions and other advisory work - and the other on sales and trading run by Ritchie.

The corporate and transaction banking operations have been brought together in a Corporate & Investment Banking unit to be overseen by current investment bank co-head Jeff Urwin and which earlier on Thursday announced its new management team.

Reuters reported earlier this week that the German bank could announce the new team as soon as this week.

REUTERS