| Back OpEdNews | |||||||
|
Original Content at https://www.opednews.com/Quicklink/Dubai-fails-to-stem-market-in-General_News-091126-131.html (Note: You can view every article as one long page if you sign up as an Advocate Member, or higher). |
|||||||
November 27, 2009
Dubai fails to stem market drop on debt fears
By Sheila Samples
Dubai's debt problems shook European banking shares on Thursday despite the emirate's efforts to minimise the impact of a debt restructuring plan at two of its biggest companies that raised fears of default. Wednesday's announcement sent the cost of insuring Dubai's debt against default soaring and bond prices tumbling.
::::::::
Dubai's debt problems shook European banking shares on Thursday despite the emirate's efforts to minimise the impact of a debt restructuring plan at two of its biggest companies that raised fears of default. Wednesday's announcement sent the cost of insuring Dubai's debt against default soaring and bond prices tumbling.Sheila Samples is an Oklahoma writer and a former civilian US Army Public Information Officer. She is a Managing Editor for OpEd News, and a regular contributor for a variety of Internet sites.