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Daily Archives: November 26, 2009

Dubai Default: Moral Hazard For Sovereign Debt

Posted: November 26, 2009 at 12:29 pm

Dubai World, the de facto sovereign fund for the desert nation, has essentially defaulted on a large part of its debt. It has asked creditors for a "standstill" on paying back ...
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Former CEO Greenberg Bests AIG (AIG) Is Legal Battles

Posted: November 26, 2009 at 12:06 pm

Maurice R. "Hank" Greenberg did not start AIG (AIG), but he might as well have. Greenberg took over as head of the insurance company in 1968, the only CEO ...
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China Could Flood The World With Goods, Damage Global Economy

Posted: November 26, 2009 at 7:40 am

China's stimulus package may work too well. The world's most populous nation is still building many factories even though its exports remain low. Building the facilities creates jobs and offers the country ...
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Media Digest 11/26/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: November 26, 2009 at 5:02 am

Reuters:   Saab's failure to be bought shows that Chinese companies are having trouble moving into Western markets through M&A. Reuters:   AIG (NYSE:AIG) and former CEO Greenberg settled legal issues between ...
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Asia Market And Europe Open (11/27/22209)

Posted: November 26, 2009 at 4:41 am

Markets in Asia fell. The Nikkei was off .6% to 9,383. The Hang Seng fell 1.8% to 22,210. The Shanghai Composite was down 3.6% to 3,171. At the open in ...
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