Stocks rise as Dubai fears ease
China Daily | Updated: 2009-12-02 08:05
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Investors check share prices at the Dubai Financial Market. Stocks in the region fell about 6 percent yesterday. Bloomberg News |
LONDON: World stock markets rose sharply yesterday as fears about Dubai's debt problems eased after the emirate's government investment company said it was in talks to restructure $26 billion of debt, including $3.5 billion owed by property unit Nakheel, and said the remainder of its liabilities are on "a stable financial footing".
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