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Australian Market Report of November 27: Worries over Troubles in Dubai

🕔11/27/2009 1:00:01 PM 13759

US market was closed for Thanksgiving Day holiday, but the overseas markets were strongly hit by fears of a debt default by Dubai World, Dubai government's key holding company. Dubai World, which owns strategic global assets, has asked bondholders for a standstill on about US$60 billion in debt until May.

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