DUBAI (Reuters) - Dubai World unveiled details of a restructuring plan on Monday that would include its main property firms but leave other companies untouched in a move covering $26 billion in debt that could include asset sales.
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NEW YORK (Reuters) - U.S. stocks rose on Monday, helping the Dow post its fifth straight monthly gain, on hopes that possible fallout from Dubai's debt woes will be contained.
DUBAI (Reuters) - The United Arab Emirates' central bank governor said on Monday there was no cause for concern about local banks, which he said had proven themselves able to weather the global crisis, the state news agency WAM reported.
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The thousands who still recite Faiz Ahmed Faizs poetry honoured his 25th death anniversary earlier this month in various ways through mushairas, book releases and some, Faiz-style, raised a glass of single malt to his memory.
GENEVA (Reuters) - Global flows of foreign direct investment (FDI), in retreat for well over a year, picked up in the second quarter of 2009 against the first three months of the year, the United Nations UNCTAD agency said on Monday.
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NEW YORK (Reuters) - Manufacturing in parts of the United States was picking up steam, data showed on Monday, but jobs were lagging the recovery and consumers remained cautious, economists said.
GENEVA (Reuters) - Freer trade can help create jobs and support economic growth, and tariff-cutting accords should not be scaled back on account of the global downturn, senior U.S. and other officials said on Monday.
MUMBAI (Reuters) – The BSE Sensex rebounded 1.8 percent on Monday as investors gave a thumbs up to better-than-expected September quarter GDP data and on a rise in Asia markets as concerns over Dubai's credit woes eased.
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DUBAI (Reuters) - United Arab Emirates stocks dived on Monday as investors waited for clarity on Dubai's plan to delay repaying billions of dollars in debt and government word on how it would tackle a crisis that has rattled global markets.
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NEW DELHI (Reuters) - The economy grew at its fastest rate in 18 months in the quarter through September, smashing expectations and adding pressure to bring forward an interest rate rise and cut stimulus spending as inflation mounts.
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