Emerging markets drop first time in 5 days

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Source: Bloomberg
© Scanpix/RS
Emerging-market equities dropped on Monday falling for the first time in a five-day period mainly due to a notable decline of energy and telecommunication shares, when the all 10 groups in the gauge slipped. The MSCI Emerging Markets Index fell 0.5% to 1,002.70 as of 4:24 p.m. Hong Kong time and it has lost 4.7% so far this year.

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Mon, 07 Oct 2013 11:06:03 GMT

Rupee drops amid speculation investors reduce share purchases

India's currency fell on Monday snapping its three-day series of gains amid concerns that investors will reduce purchases of the Indian shares after no signs of progress in the U.S. debt ceiling talks. The Indian Rupee was traded 0.3% lower at 61.650 per U.S. Dollar at 9:55 a.m. Mumbai time after it climbed 1.7% last week, the most among all

Mon, 07 Oct 2013 10:44:05 GMT

WTI falls amid weaker production after storm Karen

West Texas Intermediate crude slipped on Monday as U.S. policymakers failed to agree on the new debt ceiling and as oil production remained weakened after the Tropical Storm Karen in the Gulf of Mexico. November WTI futures declined by $1.34 and were traded at $102.50 a barrel on the NYMEX and they were at $102.51 by 9:48 a.m. in London.

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