The man at the center of Greece’s debt crisis is surviving on four to five hours of sleep a night and could not get to his office last week because it was blockaded by striking employees
Dubai's government will not sell any assets to meet the obligations of state-owned Dubai World, but the conglomerate itself might sell some of its foreign assets, Dubai's finance chief told Al Jazeera television.
World Bank Group President Robert Zoellick today said the Dubai debt crisis is manageable and it would not affect India.
UK banks have a total exposure of about $5 billion in Dubai World's debt, with the Royal Bank of Scotland having the maximum liability of up to $2 billion, media report says.
Banks across Asia have minimal exposure to Dubai and its debt-laden conglomerate Dubai World, Moody's Investors Service said.
Asian scrips extended gains to the second straight day today while global stocks recovered as concerns about a possible contagion of the Dubai debt crisis faded.
Dubai World Group has confirmed that its debt restructuring process of $26 billion would apply only to the Dubai World and the Nakheel and Limitless.
The Dubai financial crisis will not impact India's high economic growth as the country's exposure to the debt-ridden Dubai World is limited, said Planning Commission Deputy Chairman Montek Singh Ahluwalia.
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