In a move that could make the process of using blockchain technology faster and cheaper, several global banks including Santander and UBS are conducting real-world trials using blockchain technology for international cross-border payments. Technology provided by U.S. start-up Ripple to test… Read More ›
Day: June 22, 2016
Ex-Deutsche Bank Executive in Asia Sues Lender for $17 Million
The German firm Deutsche Bank AG is being sued for HK$135.3 million ($17 million) in a wrongful dismissal claim filed with Hong Kong’s labor tribunal by a former co-head of Asia corporate finance at the bank – Douglas Morton. According to… Read More ›
Commerzbank examining the stashing away of funds in alternate locations to avoid ECB’s charge of 4 euros per 1,000 euro deposit.
Despite pumping in more than 1 trillion into the economies of the EU, the lack of risk takers is creating multiple fractures and is fueling the rise of euro-sceptics in Germany. According to sources who are familiar with the matter… Read More ›
Twitter now allows sharing of 140 second videos
The earlier limit of 30 seconds has been extended to 140 seconds. Happy Tweeting! Known for its 140 character limit for its tweets, Twitter has now decided to allow its users to tweet videos of upto 140 seconds. It had… Read More ›
Tesla offers $2.8 billion for acquiring SolarCity
According to Elon Musk, the deal is a “no brainer” since it fits very well into Tesla’s broad strategy. SolarCity has liabilities of $6.24 billion, including debt. Tesla Motor Inc’s pioneering CEO, Elon Musk has sought to acquire SolarCity Corp… Read More ›
Cyberspace Administration of China crackdowns on online comments
Cyberspace Administration of China is in the process of cleansing comments it deems unhelpful or is critical of the state’s policies. In efforts aimed at promoting only comments which are aligned to its objectives, China’s internet regulator has launched a… Read More ›