Nov. 28 (Bloomberg) — India, the world’s top recipient of migrant remittances, is examining the effect Dubai’s attempt to delay debt repayments may have on Asia’s third-largest economy, central bank Governor Duvvuri Subbarao said.
Ohio.com – Dubai's debt raises lending concerns
Analysts say financial woes could delay recovery of banks.
Abu Dhabi rides in to rescue Dubai from debt crisis (Times Online)
Abu Dhabi is this weekend putting together a rescue package for Dubai, its debt-laden Gulf neighbour, in an attempt to restore calm in panicked international markets.
Matthew Yglesias » The Neverending Debt
The French government currently honors a very unusual debt contract: an annuity that was issued in 1738 and currently yields 1.20 Euros per year. I tell the story of this unique debt, which serves as an anecdotal but symbolic summary of …
In wake of debt crisis, Dubai’s Sheik Mohammed bin Rashid Al-Maktoum meets with Abu Dhabi (New York Daily News)
As world markets absorbed the shock of Dubai’s debt crisis, the ruler of the once-booming city-state left town for an important meeting in a desert palace. His hosts: the leaders of neighboring Abu Dhabi whose balance sheets are flush with oil revenue.
Most U.S. Stocks Retreat on Concern Dubai Will Default on Debt (Bloomberg)
Nov. 28 (Bloomberg) — Most U.S. stocks fell this week as speculation Dubai will default on its debt spurred concern that the recovery in the global financial system will stall, overshadowing fewer American jobless claims and more home sales.
U.A.E. Central Bank May Guarantee Dubai World Debt (Fox News)
U.A.E. Central Bank May Guarantee Dubai World Debt
Banks, world leaders play down Dubai debt threat – International …
World leaders expressed confidence in the global economic recovery on Friday despite fears about a debt default by Gulf emirate Dubai, while major banks played down their exposure to the debt. Stocks from Tokyo to New York were haunted …
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