A lack of nformation about Dubai’s flagship government-owned holding company, made worse by a religious holiday in the Middle East, prompted indiscriminate selling of stocks linked to the region
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The decision to ask bondholders of Dubai World to extend maturities from December to May 2010 was a bombshell and the emirate will pay the price for a long time to come
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US retailers will on Friday unleash a traditional barrage of post-Thanksgiving holiday shopping promotions, with the National Retail Federation expecting 134m Americans to head for the stores.
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The rush by retail investors into gold has forced the US government to suspend sales of the world’s most popular bullion coin, the American Eagle, after running out of inventories
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LONDON (Reuters) – Debt problems in Dubai struck financial markets hard on Thursday, sinking global stocks, lifting safe-haven bonds and driving the dollar higher.
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LONDON (Reuters) – Debt problems in Dubai hit global stocks, helped lift bonds and took the dollar away from a 14-year low against the yen on Thursday.
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Global Markets Overview: Investors were spooked by the spectre of a default by Dubai and after a febrile foreign exchange market saw the yen surge to a 14-year high against the dollar
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The decision to ask bondholders of Dubai World to extend maturities from December to May 2010 was a bombshell and the emirate will pay the price for a long time to come
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China made an important commitment to restraining the rise in its greenhouse gas emissions, announcing that it had set a target for reducing its carbon intensity by 40-45 per cent by 2020
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