Indian Prime Minister Narendra Modi is staring at election losses in big heartland states, polls show, suggesting that farm distress and a lack of jobs for growing numbers of young people could prove stumbling blocks for his re-election bid in May.
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Hedge funds make million-pound bets against high street as Brexit uncertainty threatens UK economy
A pair of hedge funds owned by prominent Brexit supporters have made significant bets against companies exposed to the British consumer including big high street names.
Odey Asset Management, part-owned by Crispin Odey, and Marshall Wace, part-owned by Sir Paul Marshall, have declared short positions against consumer-exposed companies, including retailers, estate agents and banks, equivalent to £149m and £572m respectively – as rising political uncertainty threatens the economy.
Havens assets gold and yen rise while Brent gains on Opec agreement to curtail output
The old methods of controlling prices by restricting production no longer work