India tried to get the ‘black money’ out of its banking system — it ended up doing the opposite

India’s surprise move to ban several bank notes last November — aimed at rooting out illicit cash — appeared to have achieved the opposite of its intended goal, according to a report from the country’s central bank. The Reserve Bank of India...

European Central Bank Faces Hurdle in Cutting Stimulus: A Weak Dollar

By JACK EWING September 7, 2017 FRANKFURT — The European Central Bank had been expected to announce a major policy shift on Thursday. The dollar has had other plans. Since early 2015, the European Central Bank has been flooding the 19-nation eurozone...