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MAIN PAGE / BUSINESS & FINANCE

28 November 2009 06:44 am
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.

28 November 2009 04:51 am
Some kind of debt restructuring was inevitable for Dubais myriad overleveraged borrowers, but the emirates decision not to support property developer Nakheel and seek a debt standstill for holding company Dubai World has devastated its standing in financial markets.

27 November 2009 09:26 am
Market experts say the debt revelations from Dubai this week will not lead the global economy back into recession, but have seriously damaged the Emirate's standing as a leading financial hub.

27 November 2009 04:18 am
Stock markets fell across Asia on Friday as investors, spooked by news that Dubai was seeking to suspend some debt repayments, piled out of assets they considered risky.

26 November 2009 02:38 pm
Dubai's debt troubles have exposed the fallacy of its once much-vaunted "model" of raising shining cities in the desert with foreign residents, finance and labor.

26 November 2009 02:28 pm
Dubai sent investors reeling Thursday after asking creditors to freeze the debt repayments of one of its biggest holding companies, Dubai World.

26 November 2009 04:32 am
Dubai has shocked investors by asking for a debt standstill at Dubai World, the government's flagship holding company that has developed some of the world's most extravagant real estate projects.

24 November 2009 05:28 am
Faced with limited job options, many young adults are turning to an old standby to weather the recession: moving back in with mom and dad.

24 November 2009 03:46 am
Microsoft Corp has had talks with News Corp about a tie up, which would involve News Corp getting paid to take its news websites off Google Inc, a source familiar with the matter said on Sunday.

23 November 2009 12:31 pm
Cadbury is expecting a friendly bid from Hershey if the US confectioner can arrange the financing for a takeover offer.

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