New Delhi / AFP India’s central bank on Wednesday rolled back an order restricting deposits of banned rupee bills into bank accounts, after the move sparked a huge public backlash. Prime Minister Narendra Modi unleashed chaos last month with his shock move to withdraw high-denomination 500 ($7.50) and 1,000 rupee notes from circulation, in an effort to tackle widespread ...

  Luxembourg / AFP The European Court of Justice ruled on Wednesday that Spanish banks must reimburse clients who had signed mortgage contracts that unfairly prevented them from benefiting from a steady drop in interest rates. The decision by the Luxembourg-based court caused shares in Spanish lenders to fall with small lender Liberbank leading losses, down over ten percent in ...

  Bloomberg Turkey’s central bank unexpectedly kept all of its three main interest rates unchanged, and said a “cautious monetary policy” would be maintained as it assesses the impact of a weaker lira on inflation. The lira reversed gains. The bank kept one-week repurchase, overnight lending and borrowing rates unchanged at 8 percent, 8.5 percent and 7.25 percent respectively, it ...