Cash Funds
August freeze: Cash turnover caught in valuation cold snap, shows data
But derivatives trading turnover thaws, rising as investors warm up to short-term bets
 "August freeze: Cash turnover caught in valuation cold snap, shows data")
Thieves steal $30 mn in cash in one of the biggest heists in Los Angeles
Thieves got away with $30 million in cash from a money storage facility in Los Angeles by breaking into the building on Easter Sunday and cracking the safe. Now detectives are seeking to unravel the brazen cash heist, reportedly one of the largest on record in Los Angeles. Police Cmdr Elaine Morales told The Los Angeles Times, which broke the news of the crime, that the thieves were able to breach the building, as well as the safe where the money was stored. The operators of the business did not discover the massive theft until they opened the vault. Media reports identified the facility as a location of GardaWorld, a global cash management and security company, in Sylmar. The Canada-based company, which also operates fleets of armoured cars, did not immediately respond to a request for comment from The Associated Press. LAPD Officer David Cuellar, a department spokesperson, confirmed that officers received a call for service at 4:30 am Sunday at a business on the street where ...
 "Thieves steal $30 mn in cash in one of the biggest heists in Los Angeles")
Investors pile into cash at fastest rate since Covid-19 crisis: BofA
Cash funds saw inflows of $62.1 billion this week, reflecting investor demand for dollars, which in turn saw the 19th straight week of outflows from gold funds
 "Investors pile into cash at fastest rate since Covid-19 crisis: BofA")
Investor capitulation yet to show up in equity flows: Bank of America
Global stock funds had inflows of $9.2 billion in the week through October 19, according to a note from the bank citing EPFR Global data.
 "Investor capitulation yet to show up in equity flows: Bank of America")
India to provide $55 mn economic support to Lanka for procuring fertiliser
With Sri Lankan famers waiting for fertiliser to start the Yala season, India has decided to extend a Line of Credit (LOC) of $55 million to Sri Lanka for the procurement of urea.
 "India to provide $55 mn economic support to Lanka for procuring fertiliser")
Growth in currency in circulation halves to 10% post-second wave
It is too early to say if people have overcome their fears leading to cash hoarding, but the trend, if it sustains, is encouraging
 "Growth in currency in circulation halves to 10% post-second wave")
Cash is king in states
An ADR analysis of 71 state elections and three Lok Sabha polls between 2004 and 2015 showed that parties often spent more than what they collected
 "Cash is king in states")
