| Source: Reuters
The United Arab Emirates' central bank set up new additional liquidity facility for commercial banks, it said on Sunday.
| Source: Reuters
Dubai World has refused to offload assets at fire-sale prices to repay obligations, forcing it to seek the debt standstill that shocked markets, according to a newspaper report.
Saturday, 28 Nov 2009 | Source: Reuters
Abu Dhabi, capital of the UAE and one of the world's top oil exporters, will "pick and choose" how to assist Dubai, a senior Abu Dhabi official said Saturday.
Friday, 27 Nov 2009 | Source: CNBC.com
Dubai debt default concerns rippled through world markets Friday but the exodus from equities and rush to the dollar slowed as investors discounted any broad crisis.
Stocks rallied at the beginning of the week, then sold off on Dubai worries Friday, leaving the Dow within 10 points of where it started the week.
"I would tell investors to sit tight and watch this play out," David Kotok of Cumberland Advisors told CNBC. "We raised a little cash before the holidays. Hopefully we'll get to employ it in the dip."
Friday, 27 Nov 2009 | Source: CNBC.com
Stocks pared their losses Friday, after a sharp drop at the open amid worries about Dubai defaulting on its debt.
Dubai's debt woes may serve as a catalyst for a correction in stock markets but it does not signal a new crisis, investment manager Mohammed El-Erian told CNBC.
Friday, 27 Nov 2009 | Source: Reuters
Banks outside the Gulf played down on Friday their exposure to Dubai debt, after fears the emirate could default and even derail world economic recovery prompted a sell-off in global markets.
Friday, 27 Nov 2009 | Source: CNBC.com
The dollar's slide lower against the yen shows no sign of letting up and it could push toward 80 yen, which the pair would not have seen since 1995, Royce Tostrams, Technical Analyst at Tostrams Groep, told CNBC.
Friday, 27 Nov 2009 | Source: CNBC.com
U.S. stock index futures pointed to a sharply lower open for a holiday-shortened session Friday, mirroring losses in European and Asian markets after Dubai announced the first step of restructuring some of its debt.
Friday, 27 Nov 2009 | Source: CNBC.com
Global stocks sold off sharply on Friday, with Asia's Kospi and Hang Seng indexes down over 4 percent, as concerns about contagion from Dubai's debt crisis curb investors' appetite for riskier assets.
The worsening state of Britain's balance sheet means the country should be stripped of its 'great' title, as the British public are "sleepwalking" into major spending cuts, Andy Brough, fund manager at Schroders, told CNBC.
Thursday, 26 Nov 2009 | Source: Reuters
China's ballooning stock market bubble, fuelled by excessive liquidity, is likely to burst in the first half of 2010, punctured by economic concerns arising from higher-than-expected inflation, Morgan Stanley Asia Executive Director Jerry Lou said on Thursday.
Thursday, 26 Nov 2009 | Source: CNBC.com
Global stocks were lower on Thursday, with China's Shanghai Composite closing 3.6 percent lower, while gold hit another new record to $1,194.90 an ounce, as Debt problems in Dubai curbed investors' risk appetite.
Posts |
TOPIC : Investment Strategy
27 Nov 2009
The challenge for stock investors is whether to pocket more of the year's gains or ride it out in hopes of a Santa Claus rally... Read More
27 Nov 2009
Posted By:CNBC Stock Blog
As global markets digest Dubai's debt announcement, investors are wondering: Is it time to dump equities? Don Bertrand, vice president of WealthTrust-Arizona, and Kelly Campbell, founder and principal of Campbell Wealth Management, offered their takes on the shifting market environment.... Read More
27 Nov 2009
Posted By:CNBC Stock Blog
Dubai announced it requested a 6-month freeze on some $59 billion of debt repayment, creating anxiety in equity markets around the world... Read More
27 Nov 2009
Posted By:David RussellCNBC Stock Blog
TiVo dropped on a weak earnings report this week, but the bulls would not be deterred... Read More
VIDEO | TOPIC : Investment Strategy
The Dubai debt delay issues which shook investors Friday are mainly a problem for the region, but there are ramification...
Picks and pans in the transport sector, with Donald Broughton, Avondale Partners senior transportation analyst.
Dubai's debt delays won't create a "domino effect" in the region, but they have reminded people that there are still pro...
"We've got the credit crisis of a year ago in the back of everybody's minds and this is the first time we've gotten a wa...
A senior Dubai government official said he knew full well how the markets would react when the country asked to delay it...
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