FINTECH
Is the World Ready for Digital Currencies?
South Korea is testing a digital currency next year, joining other countries such as Hong Kong, Japan, China and India, that either announced or will be testing out their own digital currencies.
The Bank of Canada is also looking into the possibility of what a digital currency would look like.
BANKING
TD Bank Joins Job Cuts Spree
The Canadian bank, TD Bank, announced it will cut 3% of its workforce (approx. 3K jobs) as their profits fell 57%.
PROPERTY
Beleaguered Chinese Developer Looks to Restructure Debt
Beleaguered Chinese property developer, China Evergrande Group, is looking to restructure its debt to avoid liquidation.
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