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 [...]
