A quick tour through the impact of India’s mass currency cancellation on industry, consumers and the informal economy….

Outflows at Aberdeen Asset Management, Dunelm buys Kiddicare and JD goes outdoors. FT Opening Quote, with commentary by Naomi Rovnick, is your early Square Mile briefing. You can sign up for the full newsletter here.

Milan Vaishnav — senior associate at the Carnegie Endowment for International Peace and author of the forthcoming book, When Crime Pays: Money and Muscle in Indian Politics — explains why India needs to do something about the black money problem running right through the political system of the world’s largest democracy.

Is Trump serious about protectionism? The NYT with longreads on Trump as businessman-president and on Steve Bannon. Watching the world rot at Europe’s largest tech conference. And, as usual, other stuff.

François Fillon has won the French centre-right presidential nomination in a landslide vote

“Cyber physical systems” and frank reflections on Trump’s election.

It’s entirely possible it was a good investment. Entirely, maybe possible.

Lending Club’s valuation looks stretched with its current business model, but a dramatic pivot could help

Just another 10bn or so in the new small Rs500 note need to be printed. Oh, and all of that cash needs to then get to banks and ATMs across the country. Nobody said demonitisation would be easy…

Additional capital needed at FastJet, world’s biggest pension fund posts a profit. FT Opening Quote is your early Square Mile briefing. You can sign up for the full newsletter here.

Because even money laundering looks better in table form.

Keeping the Thanksgiving links to a minimum.

Economy grew in the three months following the Brexit vote, according to new ONS figures

“A pioneering mobility solution which combines two existing modes of transport, automated electric cars and mass transit, into a single, seamless infrastructure system.”

Because the dollar looks to be heading “back to levels not seen since 1986” and there’s nothing you can do about it.

Malkiel, Cohen and Levine on indexing. Damodaran revisits Valeant. Frances Coppola revisists basic income. Bryan Caplan writes an open letter to angry people. Other stuff.

Government defends £60bn cost of Brexit against critics

Why are we still waiting for India’s central bank to weigh in on the giant note ban? Also, why economists should think harder about institutions, why we probably don’t have to worry to much about Trump labelling China a currency manipulator and why biologists are weird.

Flurry of unpredictable interventions confuse president-elect’s fans and critics

So Vinci of France took a sharp, short-lived knock on Tuesday as a hoax story did the rounds, alleging the finance director was off and that the accounts needed re-stating.

A guilty plea in a high profile Israeli case highlights the role of false transaction codes to disguise online gambling payments.

Rocket’s treatment of failed food delivery startup Take Eat Easy raises questions about its conduct as an investor.

The New York Fed appears to be to broadening the list of US primary dealers by bringing hedge funds into the fold.

Who will command the robot armies? Krugman is calling off the fake alien invasion? Inside Renaissance Technologies…

Critics say US withdrawal from TPP will increase China’s influence in Asia-Pacific region