Dubai Rocks Stocks
By Paul Nowak • Nov 27th, 2009 • Category: Market UpdatesNews of a debt crisis in Dubai shook stocks on what would otherwise be a quiet post-holiday trading session. The Dow Jones Industrial Average fell 154.48 points (1.48%) as Dubai announced on Wednesday that it would ask creditors of the state-owned Dubai World and Nakheel to defer debt payments.
The news surprised investors and led stock markets around the world to decline. Here are some of the latest headlines (as of this writing) on the Dubai debt crisis:
- Dubai Spooks Investors But May Bring Buying Opportunity
- Banks with the Biggest Exposure to The UAE
- Banks Play Down Exposure
- Dubai Woes May Escalate to ‘Major Sovereign Default,’ Bank of America Says
- Some of Dubai World’s Major Holdings Around the Globe
- Dubai Gambles with its Financial Reputation
- Dubai Fallout Hurts Stocks
