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(RTTNews) - With traders expressing concerns about a financial crisis in Dubai, stocks saw significant weakness during trading on Friday. The major averages all ended the day firmly in negative terri...
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U.S. stock-market futures were trading sharply lower on Friday as debt problems for Dubai World spread concern across markets worldwide, and as traders nervously waited to see how a shortened Wall Street session would unfold after the Thanksgiving holiday.
A roundup of financial and business news breaking before the opening bell on Wall Street.
The spectre of “Financial Crisis 2” continued to loom over global markets yesterday after Dubai’s revelation that it may not be able to meet its debt obligations.
Nov. 27 (Bloomberg) -- Wall Street’s system for determining payments on derivatives linked to the debt of defaulted companies is showing cracks less than a year after securities firms changed practices to avoid “Draconian” regulation.
Shades of the roiling energy markets that were set off last year by the crisis on Wall Street have emerged again, with crude seeing the largest percentage drop in prices since January.
The Sri Lankan-born billionaire is the most prominent of 20 people who face criminal or civil charges in the largest U.S. hedge fund insider trading case on record and Wall Street’s first insider .....
Nov. 27 (Bloomberg) -- A financial crisis in Dubai will hurt remittances to India and reduce job opportunities for citizens of the south Asian nation, said Thomas Issac, finance minister of the southern state of Kerala.
Stocks on Wall Street have slid amid concern that financial trouble in Dubai could disrupt a global economic recovery.
Tremors from the shock request by Dubai’s flagship government-owned holding company for a debt standstill spread through global equity markets on Friday, triggering a sell-off in Asia and heavy losses on Wall Street.
LONDON - The shock news of Dubai's debt problems raised fears of a return to the darkest days of the financial crisis as markets plunged across the globe, but analysts Friday downplayed the long-term risks.
CALGARY, Alberta (Reuters) - EnCana Corp's investors on Wednesday approved a plan to split Canada's No. 2 independent petroleum producer into independent oil and natural gas businesses, completing a move first mulled more than a year ago but delayed by the financial crisis.
Gordon Brown plays down global impact of Dubai crisis Brown says crisis will not cause major damage to global economy, but Wall Street shares show early fall. By
In getting us out of the financial crisis we have just been through, many western governments have effectively mortgaged the future.
“Last night at dinner, people had their heads in their hands,” a British expatriate said as she fretted about the viability of her new fashion business. Local newspapers have in recent months played down the impact of the financial crisis. No one now can be in any doubt.
NEW DELHI: The Centre on Friday reacted cautiously to the developments in Dubai, asserting that the financial crisis in the Gulf country would not have much of an impact on the Indian economy including real estate and exports. However, ...
