|
发表于 2009-11-26 09:58 AM
|
显示全部楼层
TORONTO - The Toronto stock market is in for a sharply lower opening in line with other global markets amid a new round of worries about the global financial system.
The concern centres around debt problems at Dubai World, a global investment company owned by the government of Dubai.
Sentiment in stocks has been dented by the news that Dubai World, which is thought to have debts totalling around US$60 billion, has asked creditors if it can postpone its forthcoming payments until May. That has stoked fears of a potential default and contagion around the global financial system, particularly in emerging markets.
"Certainly the Dubai debt debacle and the uncertainty that it has created has had a severe knock on effect," said David Buik, markets analyst at BGC Partners. |
|