The Dubai government roiled markets this week with its move to delay debt payments owed by its flagship holding company, Dubai World. The company is stressed by tens of billions in debt that funded spending on glitzy real-estate …
Dubai debt fallout puts stocks into slide – Norwalk News – The …
Concerns that a government-backed investment company risked defaulting on $60 billion in debt ripped through world markets and served as a reminder of how fragile the financial system remains a year after it nearly collapsed. …
Investors.com – Republic Of Debt
After all, Dubai’s total debt of $60 billion or so is but a rounding error on the U.S. deficit of $1.4 trillion in fiscal 2009. Yet world markets plunged sharply when Dubai announced that its debt-fueled building boom had left it unable …
Blog: Cuomo’s Latest Target: Debt Collectors (BusinessWeek)
Rising unemployment, surging gas prices and a prolonged recession have created the perfect storm for American families, pushing consumer debt levels to record highs.
GM bondholders urged to accept new debt deal (Reuters via Yahoo! News)
Advisers to General Motors Corp bondholders representing $27 billion in the automaker’s debt urged investors on Friday to support a debt swap negotiated over the past week with the Obama administration.
G.M. Bondholders Urged to Accept New Debt Deal (New York Times)
Advisers to General Motors bondholders representing $27 billion in the automaker’s debt urged investors on Friday to support a debt swap negotiated this week with the Obama administration.
Italy’s Enel to sell off 80 pct stake to reduce debt (AFP via Yahoo! News)
Italian energy group Enel will sell an 80 percent stake in its gas network in Italy to the F2i and AXA Private Equity funds for 480 million euros as a debt-reduction measure, the group said.
U.S. Debt $668621 Per Household – The Atlantic Business Channel
The folks over there have done some really great work this week with another interesting interactive chart attached to an article about the nation’s debt. If they keep this up, I’ll have to stop considering it a useless free newspaper I …
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