Fed's Powell warns of digital currency risks Fed's Powell warns of digital currency risks :- A top U.S. Federal Reserve official on Friday raised caution about central banks issuing digital currencies as they are vulnerable to cyber attacks and criminal activities along with privacy issues that still need to be […]

Neiman Marcus hires debt restructuring adviser Neiman Marcus hires debt restructuring adviser:- U.S. high-end department store chain Neiman Marcus has hired investment bank Lazard Ltd (LAZ.N) to explore ways to bolster its balance sheet as it seeks relief from $4.9 billion in debt, people familiar with the matter said on […]

PSA agrees to buy Opel from GM, wins board approval PSA agrees to buy Opel from GM, wins board approval:- France's PSA Group struck a deal with General Motors (GM.N) to buy the U.S. carmaker's loss-making Opel division, two sources with knowledge of the matter told Reuters. The board of PSA, […]

Uber used secret tool to evade authorities Uber used secret tool to evade authorities:- Ride services company Uber Technologies Inc for years has used a secret tool to avoid authorities in markets where its service faced resistance by law enforcement or was banned, the company confirmed on Friday. The New York […]