Topic: Middle East Markets
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World markets respond to US credit downgrade
Today is the first day that most stock exchanges have been open since ratings agency Standard & Poor's announced its US credit downgrade from a AAA rating to AA+. Here’s how world markets have responded so far:
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Photos of the Day: Photos of the Day 03/23
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World markets respond to US credit downgrade
Today is the first day that most stock exchanges have been open since ratings agency Standard & Poor's announced its US credit downgrade from a AAA rating to AA+. Here’s how world markets have responded so far:
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Photos of the Day: Photos of the Day 03/23
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Stocks plummet in Japan, but up in Europe
Concerns about rebuilding costs and radiation push Japan's Nikkei down 1.7 percent. But stocks in Europe edge up and US futures point to stronger open.
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Dubai's woes: Why Egypt may benefit
After years of economic reforms, Egypt stands to gain in foreign investments – a boon that could lend stability to the regime of President Hosni Mubarak, a key US ally.
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After Dubai World debt panic, UAE guarantees all bank deposits
The United Arab Emirates central bank guaranteed all deposits in the banking system Sunday, seeking to calm markets made nervous by Dubai World's debt payment crisis. Asian markets rose Monday on the news.
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Why debt at Dubai World is shaking world financial markets
As conglomerate Dubai World delays debt payments, most analysts look for Arab Monetary Fund to step in to avert a crisis in financial markets. That's not likely, though, until Sunday.
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Dow loses 154 amid Dubai World woes, but it could have been worse
A sell-off on Friday drove Dow down 154 points, as traders took stock of postponed debt payment at conglomerate Dubai World.
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