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Random Roger's Big Picture
Nov 27
Comment
Apparently the Dubai Brothers may have trouble making their next interest payment and the initial reactions from many world markets has been bad.
Ahem.
24/7 Wall Street provides a tidy recap and links out to some newsier articles for more info...
The Times of India
Nov 27
Comment
Banking, property & construction-related shares were hardest hit, after Dubai said two of its flagship firms planned to delay repayment on billions of dollar of debt, triggering fears of a default.
Samurai Trader
Nov 26
Comment
If solving the drunk's problem by giving him more booze only works until we run out of booze, well, we may just be running out. Top story in the news this morning: Dubai soveriegn debt default. the European markets are getting creamed, as are the...
Sydney Morning Herald
Nov 26
Comment
Dubai shakes investor confidence across the Persian Gulf after its proposal to delay debt payments risked triggering the biggest sovereign default since Argentina in 2001.
Business Times - Malaysia
Nov 25
Comment
MALAYSIA'S corporate default rate will be lower than forecast earlier this year as the nation's economic recovery surpasses economists' expectations, according to Rating Agency Malaysia Bhd.
"We said default rates could go as high as 4.8 per...
Bloomberg
Nov 23
Comment
(Update1) Argentine highway operator
Autopistas del Sol SA’s bond default is adding to concern the
budget gap will swell to the widest in nine years as the
government takes over unprofitable companies, Moody’s
Economy.com says.
Bankstocks.com
Nov 23
Comment
Research shows that the bigger the difference between what people owe and their home's value, the more likely they are
Stock Market Analysis, Trading, And Financial Commentary - Rebel Traders
Nov 22
Comment
The amount of money being placed on the 'wheel of nation defaults' has risen quite remarkably over the past year. Some investors are using the derivatives market to place bets that the United States, Japan, and/or the United Kingdom will default...
Financial Times
Nov 18
Comment
A looming default by the Native American tribe that owns the Foxwoods Resort Casino in Connecticut is stirring a debate over whether holders of billions of dollars of tribal debt can pursue their claims as creditors under US laws
Euromoney
Nov 18
Comment
Investors furious at status of up to $1.5 billion of contracts; credibility of CDS market in Japan is at stake
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