Top 10 News Items 11/23-11/27: Dubai Debt Fallout; Gold; GDP Rev...

Courtesy StreetInsider.com News Articles  Fri, 11/27/2009 - 11:36

1. On Wednesday, the Dubai government said it would restructure its corporate flagship, Dubai World, and asked creditors to accept delayed payments.

Dubai World is seeking a six-month moratorium on interest payments. The news sent world markets tumbling Thursday and Friday.

2.

Gold (NYSE: GLD) continued to new all-time highs earlier in the week, but sold off at the week's end as the dollar strengthened on a 'flight to quality' trade following the debt concerns in Dubai.

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