Business - Global Economy

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  • WTO meeting expected to see free trade pledge

    AFP – Sun Nov 29, 12:44 am ET  
    People take part in a demonstration against the upcoming ministerial... AFP

    GENEVA (AFP) - More than a hundred ministers gather here Monday for a WTO conference where they are likely to renew pledges to freer world trade while avoiding hard bargaining to secure an overall deal under the Doha round. Full Story »

  • Public debt imperils world economy

    AFP – Sun Nov 29, 12:24 am ET  
    Traders at the stock exchange in Frankfurt/Main, western Germany.... AFP/DDP/File

    PARIS (AFP) - The debt dilemma confronting Dubai has thrown into sharp relief a new threat to the financial health of rich countries that have borrowed and spent heavily to escape recession and must now pay up. Full Story »

  • Dubai looks to oil-rich neighbor for possible aid

    AP – Sat Nov 28, 9:17 pm ET  
    A man passes the Gate building, left, of Dubai International... AP

    DUBAI, United Arab Emirates - As world markets absorbed the shock of Dubai's debt crisis, the ruler of the once-booming city-state left town for an important meeting in a desert palace. His hosts: the leaders of neighboring Abu Dhabi whose balance sheets are flush with oil revenue. Full Story »

  • Geneva: Police use tear gas on WTO protest

    AP – Sat Nov 28, 7:53 pm ET  
    Several hundred demonstrators carrying banners participate in... AP

    GENEVA - Police fired tear gas and rubber bullets Saturday to separate violent demonstrators from a protest of a meeting of top world trade officials, but the hooded "black bloc" activists were able to cause damage before 14 were arrested, spokesmen said. Full Story »

  • Geneva anti-WTO protesters smash windows, burn cars

    Reuters – Sat Nov 28, 2:41 pm ET  
    Swiss riot police and firefighters stand next to burning cars... Reuters

    GENEVA (Reuters) - Anti-capitalism protesters smashed the windows of banks, shops and cafes in central Geneva and set cars on fire during a demonstration Saturday against the World Trade Organization. Full Story »

  • Police, protesters clash ahead of WTO conference

    AFP – Sat Nov 28, 2:24 pm ET  
    A man stands close to torched cars during clashes at a demonstration... AFP

    GENEVA (AFP) - Swiss police fired tear gas and rubber bullets on Saturday at hooded protesters who broke windows and set cars alight during a demonstration ahead of a major WTO conference in Geneva. Full Story »

  • Abu Dhabi to aid Dubai on "case by case" basis

    Reuters – Sat Nov 28, 6:47 am ET  
    Flags for property company EMAAR, builders of Burj Dubai the... Reuters

    ABU DHABI (Reuters) - Abu Dhabi, wealthy capital of the United Arab Emirates, will "pick and choose" how to assist debt-laden neighbor Dubai, a senior official said on Saturday, after fears of a Dubai default sent global markets reeling. Full Story »

  • Republic Of Debt

    Investor's Business Daily – Fri Nov 27, 7:02 pm ET  

    Dubai: Many were taken by surprise at the impact the Dubai debt crisis had on world markets. They shouldn't have been. Debt -- and its misuse -- has been the No. 1 economic issue of our time. Full Story »

  • How the major stock indexes fared on Friday

    AP – Fri Nov 27, 4:41 pm ET  

    Stocks tumbled Friday as investors worried that a government-backed investment company in Dubai risked defaulting on $60 billion in debt. The fears ripped through world markets and served as a reminder of how fragile the financial system remains a year after it nearly collapsed. Full Story »

  • Dubai debt crisis roils world markets

    AFP – Fri Nov 27, 3:22 pm ET  
    A foreign labourer walks at the construction site of Dubai's... AFP

    NEW YORK (AFP) - The Dubai debt crisis roiled world markets again Friday as fears of debt defaults sparked concern that a recovery from global recession could stall. Full Story »

  • Stocks slide on concerns about Dubai debt fallout

    AP – Fri Nov 27, 4:54 pm ET  
    Michael Guli, right, of Kellog Capital works at his post at the... AP

    NEW YORK - This was the sideswipe investors had feared. Full Story »

  • Moody's: No change to UAE bank ratings, outlooks

    Reuters – Fri Nov 27, 1:16 pm ET  
    Camels are seen early morning on a beach in the Marina area of... Reuters

    NEW YORK (Reuters) - Moody's Investors Service on Friday said it will make no changes for now to the ratings or outlooks of banks in the United Arab Emirates with exposure to the two Dubai entities whose debt problems have roiled global markets. Full Story »

  • Banks, world leaders play down Dubai debt threat

    Reuters – Fri Nov 27, 3:48 pm ET  
    Flags for property company EMAAR, builders of Burj Dubai the... Reuters

    DUBAI/LONDON (Reuters) - World leaders expressed confidence in the global economic recovery on Friday despite fears about a debt default by Gulf emirate Dubai, while major banks played down their exposure to the debt. Full Story »

  • Dubai debt fears stalk world markets

    AP – Fri Nov 27, 11:49 am ET  
    A money trader work at a dealing room the U.S. dollar rate against... AP

    LONDON - European stock markets rebounded Friday after Wall Street didn't fall as much as feared on the news that Dubai is having trouble handling its debt. Full Story »

  • Dubai seeks to assure markets shaken by debt move

    AP – Fri Nov 27, 9:52 am ET  
    Rising high among the towers in Business Bay, Burj Dubai, the... AP

    DUBAI, United Arab Emirates - Debt-burdened Dubai insisted that it took into account market fallout from its appeal to delay paying creditors, but offered no specifics and did little to ease worries that dragged down global markets for a second day Friday. Full Story »

  • Crude prices fall on Dubai debt jitters

    AP – Fri Nov 27, 2:13 pm ET  
    Smoke blows past oil wells at sunset in southern California.... AFP/Getty Images/File

    NEW YORK - Shades of the roiling energy markets that were set off last year by the crisis on Wall Street emerged again Friday with crude seeing the largest percentage drop in prices since January. Full Story »

  • Dubai crisis jolts markets, but early fears ease

    AP – Fri Nov 27, 6:55 pm ET  
    Michael Zicchinolfi of the Livermore Trading Group works on the... AP

    NEW YORK - Dubai's debt crisis rattled world financial markets Friday, raising concerns that some banks could further tighten lending and stall the global economic recovery. Full Story »

  • Dubai debt delays revive fear of financial crisis

    Reuters – Fri Nov 27, 4:05 am ET  
    A view of the Burj Dubai (top right) and Burj Al Arab (back left)... Reuters

    DUBAI/TOKYO (Reuters) - Investors recoiled from risky assets on Friday and dumped shares in Asian banks and builders, fearing a Dubai debt default could reignite the financial turmoil of the credit crisis. Full Story »

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