Bitcoin has failed as a currency measured by standard benchmarks, and is neither a store of value nor a useful way to buy things, Bank of England Governor Mark Carney said on Monday.
The debt for equity swap would allow GM's business in South Korea to continue operating.
HSBC Holdings' 2017 pre-tax profit rose 142 percent as the lender avoided the multi-billion dollar restructuring costs that marred its 2016 results but the profit growth lagged expectations as it took a writedown following US tax changes.
North Korea may be able to co-host the 2021 Asian Winter Games with South Korea and make the North's Masikryong ski resort available for the Games, a North Korean official said on Tuesday according to the South's Yonhap news agency.
Samsung Display now plans to make OLED panels for 20 million or fewer iPhones at the South Chungcheong plant in the January-March quarter, significantly lower than its initial goal of supplying panels for 45 million to 50 million iPhones, the Nikkei reported.
The restructuring proposal comes after the Detroit automaker announced last week that it would shut its plant in the city of Gunsan, southwest of Seoul, by May and decide the future of the remaining three plants in the country within weeks.
Japan is seen as a potentially lucrative ride-hailing market, with regulators under pressure to ease stringent rules.
The United States and South Korea agreed to push back the routine early-year joint military drill until after the Pyeongchang Winter Olympics being hosted in South Korea, which ends Feb. 25.
KFC said that more than 700 of its 900 UK-wide chicken shops had been forced to close since the weekend, while others were offering a downsized menu or shorter opening hours.
The price of the motorcycles ranges between Rs 12.01 lakh for Steel Bob, Rs. 14.01 lakh for Fat Bob and Rs 17.51 lakh for Fat Boy (all ex-showroom), Western Ghats Harley Davidson Chapter Manager, Rashad A R told reporters on the sidelines of the launch.
Trump spoke to Senator John Cornyn, a Republican, on Friday about a bipartisan bill that he and Democratic Senator Chris Murphy introduced to improve federal compliance with criminal background checks, White House spokeswoman Sarah Sanders said.
"At least 250" and perhaps as many as 500 "senior and mid-level" bankers in London and the US have been shown the door in the past two weeks, Bloomberg said citing people familiar with the decisions.
Crown Prince Mohammed bin Salman, the powerful heir to the Saudi throne, has been leading a drive to reform the country's dependence on oil, including expanding the private sector and empowering women.
The Defence Ministry says today's successful mission test of the Arrow-3 interceptor is "a major milestone" in Israel's ability to defend itself "against current and future threats in the region." Two previous tests of the system were recently called off.
The luncheon meeting at Birla House will be hosted by Congress leader Milind Deora and business leaders Deepak Parekh and Shobhana Bhartiya, sources said.
Under the emergency law, Yameen had two Supreme Court judges arrested, accusing them of corruption. Later, the remaining three judges annulled the order to release Yameen's opponents.
Even free-market Republican conservatives, normally wary of government red tape, said regulation could be needed if cryptocurrencies threaten the US economy.
Singapore said its sales tax will rise to 9 percent from 7 percent, but the change will only come "sometime" between 2021 and 2025, making it likely that the increase would kick in after the city-state's next general election.
Justin Trudeau, Prime Minister of Canada, is in conversation with CNBC-TV18’s Shereen Bhan on how does he manage expectations and what is his charter of change for Canada, what is his vision for Canada and India’s economic ties going forward.
Bloomberg earlier cited sources saying that Deutsche is trimming senior and mid-level investment banking positions.
Moneycontrol brings to you select pictures that are making headlines across the globe.
Pakistan has come under intense pressure to rein in terror groups after US President Donald Trump accused the country of harbouring terrorists and suspended nearly USD 2 billion in security assistance to it.
Harbisson had implanted the antenna in 2004 to ‘cure’ his colour blindness. The sensor in the antenna dangling over the top of his head translates light waves into vibrations that he his brain has learned to decode
Justin Trudeau's stance on the Khalistan issue could be the reason for India's unenthusiastic response to his visit.
The US Geological Survey said its magnitude was 5.9 and it struck at a depth of 40.2 kilometres (25 miles), some 32 kilometres (20 miles) northeast of the town of Santa Catarina Mechoacan in Oaxaca state at 0657 GMT.