biggest-banks

Strong demand for Samsung’s Galaxy Note 7 tests supply chain

By Se Young Lee SEOUL (Reuters) – Better-than-expected demand for Samsung Electronics Co Ltd's new Galaxy Note 7 is causing supply constraints globally, the South Korean tech giant said

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Strong demand for Samsung’s Galaxy Note 7 tests supply chain

biggest-banks

VW, suppliers settle dispute after marathon talks

By Andreas Cremer BERLIN (Reuters) – Volkswagen and two of its parts suppliers on Tuesday resolved a contract dispute that had hit output at more than half of the carmaker's German plants and threatened to undermine its recovery from a diesel emissions scandal. After more than 20 hours of negotiations that went on through the night, VW said it had settled its differences with CarTrim, which makes seats, …

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VW, suppliers settle dispute after marathon talks

biggest-banks

UBS leads team of banks working on blockchain settlement system

By Jemima Kelly LONDON (Reuters) – Swiss bank UBS is leading a team of four of the world's biggest banks developing a system to enable financial markets to make payments and settle transactions quickly using blockchain technology. UBS has developed a “Utility Settlement Coin” (USC), which is a digital cash equivalent of each of the major currencies backed by central banks, such as the dollar or euro, rather than a decentralized new digital currency such as bitcoin. The USC would be convertible at parity with a…

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UBS leads team of banks working on blockchain settlement system