Nov. 30 (Bloomberg) — Marc Chandler, global head of currency strategy at Brown Brothers Harriman & Co., talks with Bloomberg’s Lori Rothman and Mark Crumpton about Dubai World’s debt crisis. Dubais government said Nov. 25 that Dubai World, the state-controlled holding company, would seek a standstill agreement with creditors and an extension of loan maturities until at least May 30, 2010. The announcement led to the biggest declines in Asian shares in three months last week and Europes worst rout since April. (Source: Bloomberg) |
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