The article from CNBC regarding the foreign banks exposure to UAE lists Bank of Baroda, an Indian bank with an exposure of $1.78 billion as of 2008 (very likely that this has figure has gone up).
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In continuation to my article on Dubai Debacle posted on newswine...this article from cnbc is worth reading...gives info on how banks from various countries have exposure in dubai...
Last week Dubai said it would delay payment on billions of dollars of its $80 billion debt, moving global markets downwards and fearing investors of another financial crisis.
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By Caroline Valetkevitch NEW YORK (Reuters) - Stocks rose on Monday as the introduction of a faster BlackBerry spurred optimism about business spending on technology, while cooling oil prices eased inflation concerns. Research in Motion Ltd...
By Dan Whitcomb LOS ANGELES (Reuters) - A California man who has defaulted on nine homes and expects banks to foreclose on all of them, forcing him into bankruptcy, says he now considers it a mistake to have invested in the real estate...
By Barbara Lewis and Peg Mackey - Analysis LONDON (Reuters) - From the poorest of Africa to the United States and big business, a breakneck rally that could take oil to $200 a barrel is likely to inflict pain on everyone. The world was remarkably...
Karnataka goes for the first phase of elections today with 11 districts. Second and third phase to happen on May 16th and May 22nd respectively.
LONDON (Reuters) - U.S. crude oil futures rose to a fresh record high of $125.98 a barrel on Friday. They were trading $2.11 higher at $125.80 by 7:09 a.m. EDT. (Reporting by Ikuko Kao)
By Margaret Orgill LONDON (Reuters) - Oil dropped over $1 on Thursday after a statement from OPEC said supply was sufficient and a shipping source said Saudi Arabia planned to raise spot market oil exports to the United States this month. Secretary...
The rally in the crude oil prices today touched an all time high of USD 120 per barrel. Crude oil prices have been moving northwards since 2004 and have more than doubled since then.
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Very true indeed. The number of spam mails that land in a mail box has increased significantly in the last four - five years, and these mails not only occupy space, but carry malacious code that can steal information from your system/network and even affect the system performance.
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Dubai Debacle
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U.S. crude sets record high of $125.98 a barrel