Just in the last few days, Dubai World (DW) shocked investors all across the world in announcing that it will take steps to seek a six month standstill period on payments of interest and principal on $59 billion of its outstanding debt. This terse and surprising announcement on late Thursday November 25, 2009, the eve of a national holiday in Dubai, spooked stockmarkets all over the globe, with Asian and European markets reacting immediately on open with a 3% drop, before recovering somewhat over the day on Friday...
Posts
2 comments:
Where the hell did you find the information that KPMG was appointed??? Without referencing information I can say that they have hired Marsians... Details please...
http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article6986897.ece
Here's an excerpt from the TimesOnlines today about KPMG being an advisor to UK banks
Post a Comment