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Gulf Independent - Currency-ban
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Indian banks get $44bn of old-currency notes in 4 days INTERNATIONAL

Indian banks get $44bn of old-currency notes in 4 days

Indian banks received 3 trillion rupees ($44.4 billion) of 500- and 1,000-rupee notes over the last four days, the Finance Ministry said on Sunday, after the government announced it would withdraw such bills to crack down on corruption.

4:45 AM November 25 2016
Bank note denomination: Anger rising in India INTERNATIONAL

Bank note denomination: Anger rising in India

Anger was rising across India on Saturday as banks struggled to dispense cash after the government withdrew large denomination notes in a shock move aimed at uncovering billions of dollars of unaccounted wealth hidden from the taxman.

4:45 AM November 25 2016
India's cash crunch hits countryside, weddings in trouble INTERNATIONAL

India's cash crunch hits countryside, weddings in trouble

In the dusty village of Dudko, farmers and villagers are desperate for new currency notes after the Indian government banned 500 and 1,000 rupee notes last week in an effort to flush black money out of the economy.

4:45 AM November 25 2016
Iron bridge collapse halts Ivory Coast-Burkina rail traffic INTERNATIONAL

Iron bridge collapse halts Ivory Coast-Burkina rail traffic

Rail traffic between Ivory Coast and Burkina Faso has been halted for at least two weeks after a bridge collapsed on the line linking the two countries, the operator has said.

4:45 AM November 25 2016
Emerging equities hit 13-month high ECONOMY

Emerging equities hit 13-month high

Emerging stocks touched 13-month highs yesterday as investors priced out the likelihood of a September US rate rise and stronger currencies raised expectations that some central banks could act to curb the gains.

4:45 AM November 25 2016
Aramco said to hold talks with banks. selling Islamic bonds, 1st time ECONOMY

Aramco said to hold talks with banks. selling Islamic bonds, 1st time

Saudi Arabian Oil Co has held talks with banks about selling Islamic bonds for the first time, according to three people with knowledge of the matter.

4:45 AM November 25 2016