MARKETS

Dogecoin’s $2 billion ‘whale’ might be Robinhood, according to Redditors | Currency News | Financial and Business News

The #98 Dogecoin / Reddit.com Ford, driven by Josh Wise, is seen in the garage during practice for the NASCAR Sprint Cup Series Aaron’s 499 at Talladega Superspeedway on May 2, 2014 in Talladega, Alabama. Chris Graythen/Getty Images News of a  dogecoin “whale” owning $2.1 billion, or 28% of all dogecoin in circulation, has been swirling over the last few ...

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FPIs take Rs 11,000 crore off equities in September

New Delhi: Foreign investors are turning their back on Indian shares as they pulled out over Rs 11,000 crore from stocks in September due to geo-political concerns, slowdown in corporate earnings and higher valuations. The net outflow by foreign portfolio investors (FPIs) follows withdrawal of Rs 12,770 crore from equities in August. Prior to that, they had pumped in over ...

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There is no currency crisis in Zimbabwe, claims minister

Fears of a return to the hyperinflation era that preceded the introduction of the multi-currency system in 2009 were heightened in the past fortnight when the value of bond notes tumbled on the parallel market and prices of basic commodities shot through the roof. Panic-buying gripped Harare last weekend and on his return from the United Nations General Assembly, President ...

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Crude oil falls as September OPEC output rises

Tokyo, Oct 2:   Oil prices fell on Monday, pausing for breath after posting gains of as much as 20 per cent in the third quarter, after a survey pointed to a slight increase in OPEC production in September. US crude was down 13 cents or 0.3 per cent at $51.54 a barrel at 0346 GMT. The US benchmark had on ...

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Hopes dim for Zimbabwe’s economy

Driving to work last week, Dennis Zhemi found his usually busy neighbourhood garage in the Zimbabwean capital Harare deserted and a forecourt attendant signalling “no fuel”. For Zhemi, 43, it was a worrying sign that Zimbabwe’s long-running economic collapse could be heading for another vicious spiral of basic shortages, hyperinflation and social chaos. His heart sank as he drove on, ...

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Gold drops to lowest in nearly 7 weeks; stronger dollar, equities drag

(Reuters) – Gold slipped to its lowest in nearly seven weeks early on Monday as the U.S. dollar rose and equities gained, while growing expectations for a Federal Reserve interest rate hike in December also added to pressure. Spot gold was down 0.3 percent at $1,274.90 an ounce by 0353 GMT, after earlier touching its lowest since mid-August at $1,273.55. ...

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