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Brit troubleshooter to fight debt Luxury cruise liner the QE2 could be one of debt-laden Dubai's first trophy assets to be put up for sale. The threat of a fire sale was sparked yesterday by a cash crisis at the state-owned...
5:28pm UK, Friday November 27, 2009 Ed Merrison, Sky News Online The FTSE 100 index recovered from its early morning slide on Friday, shrugging off uncertainty triggered by a debt crisis in Dubai. To view this content you need...
Dubai does not have the enormous oil wealth enjoyed by its neighbours such as Abu Dhabi. Its main source of wealth has historically been as a port. In recent years it has sought to make money from property development and...
Michael Herman and Alex Spence A bitter legal dispute between two City brokers has taken a dramatic twist after key witness claimed that he received death threats the night before giving evidence. Tom Stevenson, a broker...
Saturday, November 28, 2009 LONDON: Global stock markets fell for a second day on Friday over investor alarm about possible domino defaults rippling out from a shock request by Dubai to suspend debt payments. Asian indices...
Dubai debacle spooks markets Irish Independent SHARES fell almost everywhere as one theme dominated the world's stock markets yesterday -- Dubai's move to delay debt payments which triggered fears of the biggest government...
Dubai does not have the enormous oil wealth enjoyed by its neighbours such as Abu Dhabi. Its main source of wealth has historically been as a port. In recent years it has sought to make money from property development and...
By PAN PYLAS AP Business Writer LONDON (AP) -- Sentiment among investors has been hit hard by Wednesday's news that Dubai World, a government investment company, has asked creditors if it can postpone its forthcoming payments...
Adrian Lowery, This is Money London shares took a hammering today after nerves over Dubai's financial security prompted a sell-off interrupted only by a technical glitch. at 5,264.9. Traders were unnerved after it emerged that...
Lloyds is offering 1.34 new shares for every existing share owned at a price of 37p each: a 60% discount to last night's closing price and a 38.6% discount to the 'ex-rights price' of 60.5-61.0p, which the shares are expected...
