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Dubai struggled to ease fears of debt default on Thursday after its move to delay repayments at two.
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Dubai scrambles to ease debt fears
Readings: Dubai , Climate, China Banks, Oil, and America. By Paul Kedrosky · Thursday, November 26, 2009 ·. Dubai Debt Delay Rattles Confidence in Gulf Borrowers (Bloomberg); Mystery buyer spends $1.5-million for Russia.com (TechCrunch) …
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The cost of protecting government notes from Abu Dhabi to Bahrain rose, extending the steepest increase since February as Dubai World, with $59 billion of liabilities, sought a “standstill” agreement from creditors. …
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Debt problems in Dubai hit global stocks, helped lift bonds and took the dollar away from a 14-year.
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Dubai debt worry ripples across globe
Debt problems in Dubai hit global stocks, helped lift bonds and took the dollar away from a 14-year.
Read the original:
Dubai debt worry ripples across globe
