Dubai financial problems shockwave London Exchange

London’s equities markets were caught in the shockwave created by the surprise news of financial problems in Dubai on Thursday, with financial stocks hit hardest.

Dubai crisis: Which Indian companies may be affected

The emirate’s request for a debt standstill agreement at its Dubai World holding company – the flagship developer behind the region’s most extravagant real estate projects – raised the spectre of default in the Middle East’s trading hub just as early signs of economic recovery have emerged. Read full story here

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Bernanke Says U.S. Recession ‘Very Likely’ Has Ended

Sept. 15 (Bloomberg) — Federal Reserve Chairman Ben S. Bernanke said the worst U.S. recession since the 1930s has probably ended, while warning that growth may not be strong enough to quickly reduce the unemployment rate.

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