India

Indian Finance Minister Urges Banks to Increase Deposits

Sitharaman stated during a briefing after the Reserve Bank of India’s board meeting: “Both the Reserve Bank of India and the government want banks to focus on their core activities. This is your livelihood.” She added that banks should offer attractive deposit schemes, echoing statements made by the central bank governor Shaktikanta Das in his recent monetary policy address.

Funds

Hedge Funds Bet on the Largest Commodity Decline Since 2011

Hedge funds have taken a net short position, selling about 153,000 contracts, including futures and options contracts across 20 commodity markets, in the week ending last Tuesday. This is a historic high, based on data records dating back to 2011, according to data from the U.S. Commodity Futures Trading Commission compiled by Bloomberg. This move marks a significant shift in sentiment since the supply disruptions during the COVID-19 pandemic and the talk of a super commodity cycle led speculators to bet on record highs in 2021.

Trump

Trump Campaign Claims It Was Hacked and Blames Iran

The campaign of Republican U.S. presidential candidate Donald Trump said on Saturday that some of its internal communications were hacked and blamed the Iranian government, citing past animosity between Trump and Iran but without providing evidence. The campaign’s announcement came after the news website Politico reported that it had started receiving emails from an unknown account containing documents from inside Trump’s campaign.

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