What Dubai Means For The U.S.

Traders are racing to figure out what the default by Dubai World Group on $60 billion of debt means for their portfolios and the global economy. Dubai World is a conglomerate with large holdings of commercial real estate and ports across the globe, among other assets. The government of Dubai, one of seven states that form the United Arab Emirates, owns 100 percent of the company, but has no obligation to back its debt. Full Story »

Posted by Derek Hawkins

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