Dubai Holding, owned by the ruler of the Gulf emirate, will not sell or list its luxury hotelier Jumeirah Group to pay off debt maturing next year, Jumeirah Group’s chairman was quoted as saying on Sunday.
Dubai Holding will not sell Jumeirah Group-exec
December 20th, 2009Full repayment of Dubai debt still option: report
December 20th, 2009DUBAI (Reuters) – Dubai, set to ask creditors for a standstill on restructuring some $22 billion in debt linked to troubled conglomerate Dubai World, may still repay lenders in full, a local newspaper said on Sunday, citing unnamed sources.
Another V-Sign Of Economic Recovery: ECRI
December 20th, 2009NEW YORK, Dec 18 (Reuters) – A weekly measure of future U.S. economic growth continued to rise, reaching levels hit in the summer of 2008, while its yearly growth rate climbed toward recent record levels, a research group said on Friday, saying this reaffirmed its forecasts of smooth recovery into 2010. The Economic Cycle Research Institute, a New York-based independent forecasting group, said its Weekly Leading Index rose to 130.7 in the week ended Dec. 11 from an upwardly revised … [visit site to read more]
XE Forex Rates at 2009-12-20 06:00 UTC
December 20th, 2009XE hourly rates at 2009-12-20 06:00 UTC
New Macau leader to diversify economy from gaming
December 20th, 2009MACAU (Reuters) – Macau, heavily reliant on its gaming industry, plans to diversify its economy over the next five years into sectors such as logistics, its new leader Fernando Chui said on Sunday.
Political Feuds And The Race For Economic Growth Ruin Climate Change Talks
December 20th, 2009The Copenhagen climate talks veered from the farcical to irrelevant this week with leaders from the 193 attending nations discussing ill-thought out plans to reduce global temperatures by 2050.
The UN agenda aims to reduce carbon dioxide emissions over the next 40 years in the hope that temperatures would moderate to no more than 2 degrees Celsius higher than pre-industrial levels.
The Danish capital also suffered other vague discussions designed to tackle global warming including … [visit site to read more]
XE Forex Rates at 2009-12-20 05:00 UTC
December 20th, 2009XE hourly rates at 2009-12-20 05:00 UTC
XE Forex Rates at 2009-12-20 05:00 UTC
December 20th, 2009XE hourly rates at 2009-12-20 05:00 UTC
Wall Street hesitates in face of new economic realities
December 20th, 2009NEW YORK (AFP) – Amid signs of a strengthening economy, stock investors have become more cautious in the face of a new landscape in which cheap credit may not be as abundant.
S.Korea retailer index at 3-yr high for Q1 -survey
December 20th, 2009South Korean retailers’ business sentiment climbed to its highest in three-and-a-half years for the first quarter of 2010, led by the optimism of discount stores and supermarkets, a private survey showed on Sunday.