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Dubai Debt Drags Down Markets

Discussion in 'Shares' started by Tropo, 27th Nov, 2009.

  1. Tropo

    Tropo Well-Known Member

    17th Aug, 2005
    Stock markets in Europe and Asia tumbled Thursday as investors fretted over the debt problems at Dubai World, a government investment company, and the continuing slide in the dollar, which earlier fell to a 14-year low against the yen.
    Markets are usually relatively quiet when Wall Street is closed for a holiday, as it is for Thanksgiving Day.
    Not so Thursday, as the rest of the world digested the stunning news from Dubai that the government’s flagship investment company was in financial trouble.