Blockchain technology is not yet mature enough to fully support the global supply chain, according to the CEO and co-founder of Tradeshift, a digital invoicing start-up. Using blockchain is a great idea when there are multiple stakeholders involved since the ledger records every transaction that takes place, Christian Lanng told CNBC at the World Economic Forum in Tianjin, China on Wednesday. Supply chains "often have many different stakeholders touching goods, moving them around," he said....

Taiwanese smartphone maker HTC is turning to the blockchain as the company tries to breathe new life into its flagging business. But some analysts are not convinced the plan to build a product around the technology underpinning cryptocurrencies could turn things around for HTC after years of losing market share. HTC announced plans in May to develop a new smartphone called the Exodus with greater emphasis on security and data. The phone, which the company said is aiming to “expand the...

Branches of State Bank Of India, Syndicate Bank and Canara Bank in New Delhi, India. India's banking sector crisis has left most state lenders hamstrung with mounting levels of bad loans, investigations into fraud and restricted growth opportunities. Amid that storm, private banks are set to emerge as winners. India's public-sector financial institutions control about 70 percent of all banking assets in the country, but they have the highest exposure to soured loans amounting to as much as...

Rajnish Kumar, chairman, State Bank of India. India's largest lender posted its first quarterly loss in 17 years for the three months ended in December, but its chairman told CNBC that the rest of the year looks much better. The State Bank of India reported a net loss of 24.16 billion rupees ($361.8 million) for the December quarter, compared with a profit of 18.20 billion rupees ($272.5 billion) a year earlier. The bank blamed lower trading income from higher bond yields, higher loan loss...

Interest-rate volatility could be a real stinger for U.S. stocks, and investors may be ill-prepared to handle potentially steep declines, according to a wealth advisor. U.S. stocks could see 30 to 40 percent slide over time, according to Rainer Michael Preiss, executive director at Taurus Wealth Advisors. He did not specify a timeline for such a correction to happen. Preiss argued on CNBC's "Capital Connection" on Tuesday that his view is not pessimistic. "I would rather use the word...