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Dollar Gain on Dubai Debt Crisis

Breaking News: Dollar Gain on Dubai Debt Crisis
Posted by: ASMASH

London :: United Kingdom | updated Mon Nov 30 23:15:12 -0800 2009 | business-news

TThe dollar, which was low yielding since last many months, rose against most major currencies after Dubai’s attempt to holdup debt. This situation stimulated investors to sell higher-yielding assets backed by the currency. The yen declined against the dollar after...
Credibility | Reach Views: 138 | News Stories: 50 | Blog Posts: 4 | 24 | 3 | 4
 

Campbell leaves Standard Life

Source: The Scotsman

Edinburgh :: United Kingdom | updated Fri Nov 27 16:35:56 -0800 2009 | business-news

Marcia Campbell has made an unexpected exit from the insurance giant after almost 20 years with the company. Staff were told in an internal announcement yesterday that Campbell was handing over her responsibilities with immediate effect...Before joining Standard Life in...
Credibility Views: 57 | News Stories: 1 | Blog Posts: 0 | 0 | 0 | 0
 

Sainsbury's credit card offers alternative rewards

Current News: Sainsbury's credit card offers alternative rewards
Source: Moneynews

London :: United Kingdom | updated Tue Dec 01 00:56:18 -0800 2009 | business-news

The new piece of plastic offers up to two per cent cash back on any items purchased at Sainsbury's, which are given to customers as Nectar points and can be used in stores. This level of cash back is higher...
Credibility Views: 56 | News Stories: 2 | Blog Posts: 0 | 10 | 11 | 0
 

Dubai debt fuels another confidence crisis

Current World News: Dubai debt fuels another confidence crisis
Source: Washington Post

London :: United Kingdom | updated Mon Nov 30 18:40:39 -0800 2009 | business-news

The fate of state-run Dubai World grew more muddled Monday, after the government of Dubai said it would not guarantee the massive debt run up by the company as it built sprawling complexes of six-star hotels and soaring modern office...
Credibility Views: 52 | News Stories: 142 | Blog Posts: 32 | 30 | 30 | 0
 

AN ALARM: Great collapse in many stock markets

Latest World News: AN ALARM: Great collapse in many stock markets
Posted by: ASMASH

London :: United Kingdom | updated Tue Dec 01 23:51:33 -0800 2009 | business-news

Stocks tumbled for second day on Friday due to Dubai’s debt issue. Dubai’s shock demand to suspend the debt of a key state company. The Dow Jones industrial average fell 193 points, after closing Wednesday at a 13-month high. The...
Credibility | Reach Views: 52 | News Stories: 50 | Blog Posts: 0 | 17 | 1 | 1
 

Golden Arches settle in under the Louvre’s pyramid

Posted by: DominiqueMtl First to cover

Paris :: France | updated Mon Nov 30 23:15:14 -0800 2009 | business-news

Ronald McDonald has found a seat alongside the Mona Lisa, now that Paris’ Louvre museum has allowed its first McDonald’s franchise, which should open by the end of this year. No fear, however -- that “le Big Mac” smell won’t...
Credibility | Reach Views: 31 | News Stories: 0 | Blog Posts: 0 | 0 | 0 | 1
 

Dubai's debt crisis should be a lesson to us all

Latest World Event: Dubai's debt crisis should be a lesson to us all
Source: Times Online

London :: United Kingdom | updated Sun Nov 29 01:00:26 -0800 2009 | business-news

The danger lies in what the emirate’s woes have done to confidence in world markets, and what they have revealed about the reality of some of the Gulf state’s finances after a decade of excessive borrowing. The spectre of sovereign...
Credibility Views: 28 | News Stories: 3 | Blog Posts: 15 | 20 | 13 | 1
 

G20 switch shaping more local, unpredictable world

Posted by: BiodunIginla First to cover

London :: United Kingdom | updated Sat Nov 28 16:08:55 -0800 2009 | business-news

Saturday, November 28, 2009 Fri Nov 27, 2009 3:13pm EST Email | Print | Share | Reprints | Single Page [ - ] Text [ + ] By Mike Dolan and Biodun Iginla, BBC News - Analysis LONDON -- Capital...
Credibility | Reach Views: 28 | News Stories: 0 | Blog Posts: 0 | 0 | 0 | 1
 

GE Sets Up Comcast Venture With Buy of Vivendi’s NBC Universal ...

Latest News Event: GE Sets Up Comcast Venture With Buy of Vivendi’s NBC Universal Stake
Source: Money Morning

Paris :: France | updated Tue Dec 01 15:34:15 -0800 2009 | business-news

NBC Universal unit yesterday (Tuesday) when it reached agreement with Vivendi SA to buy the French company’s 20% stake for $5.8 billion. GE Chief Executive Officer Jeffrey Immelt and Vivendi Chief Jean-Bernard Levy agreed on a price after they met...
Credibility Views: 26 | News Stories: 21 | Blog Posts: 13 | 30 | 29 | 0
 

KPMG to represent Dubai's creditor banks: report

Breaking World News: KPMG to represent Dubai's creditor banks: report
Source: Reuters

London :: United Kingdom | updated Sun Nov 29 13:11:42 -0800 2009 | business-news

Dubai said last week that it would delay payment on debt issued by Dubai World and property developer Nakheel, igniting fears over sovereign debt defaults and sending global markets sharply lower. Dubai World and Nakheel have outstanding debt of $59...
Credibility Views: 25 | News Stories: 11 | Blog Posts: 15 | 31 | 19 | 0
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