Dubai crisis

The Straits Times Index closed at 2732 in the evening today, dropping by one percent. It managed to shake off the Dubai crisis as what I had expected. But in contrast to the other Asian countries like Japan where the markets rebounded, ours is still considered a bad sign

People have warned that Dubai might spark a brand new global financial firestorm because of the practicality of sovereign debts. Before you worry, I can calmly tell you that you need not to

It has been happening for more than half a year since March where many people are hastily returning back to their countries after losing their jobs. Actually, this might be one of the closing chapters of the financial crisis

Abu Dhabi, the neighbour of Dubai, was expected to clear the mess by bailing the latter out. However, the guys from the banking and financial sector got it wrong

Dubai World needs US$60 billion which is about one third of what the US government used to save AIG a year ago. Lehman Brothers had debts which amounted to a hefty US$616 billion in contrast

Naturally(or rather financially), last Friday would be a good day for people looking for bargain deals as Asian markets would be affected by this boomz(oops)

Alamak, but the stock market was closed due to a public holiday. So sad. Well, no point crying over spilt milk. At least Singapore is not in trouble currently