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Eur/Usd surges off Dubai World repayment of 4.1B of debt »
Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money [...]
Abu Dhabi gives Dubai $10 billion in surprise bailout »
DUBAI (Reuters) – Abu Dhabi provided its flashy but debt-laden neighbor Dubai a $10 billion lifeline to last its troubled flagship company until the end of April, heading off a bond default on payment day and sending Gulf markets higher.
Dubai World, the conglomerate at the center of a $26 billion debt storm, still needs [...]
Euro Suffers as Dubai Situation Worsens »
Thesingle European currency approached theyesterday’s minimums against theU.S. dollar andtheother major currencies today asthebad news ontheDubai’s troubled debt worsened theglobal financial outlooks.
assets, including theriskier currencies (such astheeuro), decreased after the
reported that thecreditors ofone oftheDubai World’s branches are adding pressure onthedebtor. Thereport ofthedecreased industrial production inFrance inOctober has also spurred euro’s decline.
inFrance, while [...]