Spanish banks must repay customers more than 4 billion euros after Europe’s top court unexpectedly overturned a Spanish ruling that capped liabilities relating to a disputed mortgage clause, posing a new challenge to some lenders. Banks will have to compensate customers for what they lost even before May 2013. Source: Reuters
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The anti-immigrant Sweden Democrats have overtaken the center-right Moderates and are the second most popular party in the Nordic country, polls showed this week. The party got 19.2 percent support in a poll published on Thursday by Novus for Swedish Television. Source: Reuters
“In a society where ageing is growing, savings — including capital invested abroad –- will fall as pensioners use that to finance their consumption in Germany,” it said. “This will probably reduce the current account surplus and could even turn it into a deficit.” Source: Reuters
Mexico is the most attractive emerging market for investors, based on a range of metrics analyzed by Bloomberg including growth, yields and equity valuations. India is the worst. “Both Mexico’s currency and bonds have been sold too much,” Source: Bloomberg