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Wall Street | February 10, 2020
Wall Street resumed its rally from last week, with the Nasdaq hitting a record high on Monday, as a recent batch of strong domestic economic data and largely upbeat earnings overshadowed fears about the impact of the coronavirus epidemic on global growth. People returned to work in China after an extended new year holiday even as the country grappled with the epidemic that has now claimed more lives than Severe Acute Respiratory Syndrome (SARS). “Some people think the outbreak may have a v...
Billtrust | May 21, 2021
In addition to its current payment and remittance recognition features, BPN 4.0 also facilitates the bi-directional sharing of transactional data and records, allowing invoice presentment to accounts payable portals. BPN, an open network that allows AP and AR networks to share invoices, deposits, and remittance info, now provides invoices to more than 170 leading accounts payable portals.
These new BPN benefits are intended to assist suppliers looking for ways to meet rising buyer...
Wells Fargo & Company | December 14, 2021
Wells Fargo & Company (NYSE: WFC) and HSBC Bank plc today announced an agreement to use a blockchain-based solution for the netting and settlement of matched foreign exchange (FX) transactions. Through this agreement, Wells Fargo and HSBC will jointly use a shared settlement ledger to process US dollar, Canadian dollar, British pound sterling and Euro transactions with plans to extend the platform to settle additional currencies in the near future. Utilizing blockchain technology, this solut...
Apple | January 20, 2020
Everyone knows that the global corporate tax system needs to be overhauled, Apple (AAPL.O) Chief Executive Tim Cook said on Monday, backing changes to global rules that are currently under consideration. The growth of internet giants such as Apple has pushed international tax rules to the limit, prompting the Organisation for Economic Cooperation and Development (OECD) to pursue global reforms over where multinational firms should be taxed. The reforms being examined center around the booking of...
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