Sunday, November 29, 2009

Another financial wheeze?

Is Dubai playing chicken?

Dubai made a cryptic announcement about delaying payment on a bond and then went quiet (it's Eid, a two-week local hol). Meanwhile it's Thanksgiving in the US, a low-liquidity time in markets. Is Sheikh Mo trying to spook those markets and push down the prices of Dubai's bonds so that he can buy them back at arm's length?

Posted by icarus @ 06:50 PM (1027 views)
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