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26 Nov

Dubai debt fears hit world stock markets (AFP)

Posted in business on 26.11.09

Workers walk past the Burj Dubai, one of major construction company Nakheel's projects and the world's tallest skyscraper, pictured in Dubai on November 5. Global equities slumped Thursday, with Europe down three percent after Dubai's shock call to suspend the debt of a key state company fuelled anxiety about excessive public borrowing, analysts said.(AFP/File/Karim Sahib)AFP – Global equities slumped Thursday, with Europe down three percent after Dubai’s shock call to suspend the debt of a key state company fuelled anxiety about excessive public borrowing, analysts said.



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