Dubai World “totally rejected” the possibility of selling off some of its top performing assets in the months before the heavily indebted conglomerate turned to creditors with a plea to defer payments on some of the $60 billion it owes, a newspaper reported Sunday.
Monthly archives for November, 2009
Treasury wants more lender leeway on loans (Reuters)
The Treasury Department wants lenders and companies that process monthly mortgage payments to do more to rework troubled home mortgage loans and will announce new measures on Monday aimed at achieving that goal, a department spokeswoman said on Saturday.
Geneva: Police use tear gas on WTO protest (AP)
Police fired tear gas and rubber bullets Saturday to separate violent demonstrators from a protest of a meeting of top world trade officials, but the hooded “black bloc” activists were able to cause damage before 14 were arrested, spokesmen said.
Washington to press banks on mortgage relief: report (Reuters)
The Obama administration plans to announce on Monday a campaign to press mortgage companies to reduce payments for many more struggling homeowners, The New York Times reported in Sunday editions.
Black Friday sales barely up, online surges (Reuters)
In a worrisome sign for retailers, data released on Saturday showed that sales rose a scant 0.5 percent on the traditional kickoff to the holiday shopping season despite early signs of a strong showing.
Dubai looks to oil-rich neighbor for possible aid (AP)
As world markets absorbed the shock of Dubai’s debt crisis, the ruler of the once-booming city-state left town for an important meeting in a desert palace. His hosts: the leaders of neighboring Abu Dhabi whose balance sheets are flush with oil revenue.
Geneva: Police use tear gas on WTO protest (AP)
Police with water cannon fired tear gas and rubber bullets Saturday to separate violent demonstrators from a protest opposing a meeting of top world trade officials, but the hooded “black bloc” activists were able to cause damage before 14 were arrested, spokesmen said.
Holiday shoppers keen on deals, online spending up (Reuters)
A focus on bargains pulled U.S. shoppers into stores and onto websites over the Thanksgiving holiday weekend, but many said they would stick to their budgets and avoid purchases if they couldn’t find a good deal.
Holiday shoppers keen on deals, online spending up (Reuters)
A focus on bargains pulled U.S. shoppers into stores and onto websites over the Thanksgiving holiday weekend, but many said they would stick to their budgets and avoid purchases if they couldn’t find a good deal.
Geneva: WTO opponents burn cars, break windows (AP)
Some demonstrators opposing a meeting of top world trade officials set fire to four cars, broke shop windows and committed other acts of violence Saturday, said police spokesman Patrick Puhl.