MARKETS

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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BMO Capital Markets Reiterates Buy Rating for Pfizer Inc. (NYSE:PFE)

Pfizer Inc. (NYSE:PFE)‘s stock had its “buy” rating reiterated by equities researchers at BMO Capital Markets in a research note issued on Thursday, September 14th. They currently have a $37.00 price target on the biopharmaceutical company’s stock. BMO Capital Markets’ price objective would indicate a potential upside of 3.64% from the stock’s current price. A number of other equities analysts ...

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Ameriprise Financial Inc. Has $106.71 Million Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Ameriprise Financial Inc. lifted its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 1.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 885,616 shares of the real estate investment trust’s stock after purchasing an additional 12,310 shares during the period. Ameriprise Financial Inc. owned ...

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