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Dubai Debt Rattles Confidence in Persian Gulf Borrowers

Dubai is shaking investor confidence across the Persian Gulf after its proposal to delay debt payments risked triggering the biggest sovereign default since Argentina in 2001.
Breaking News
•Stocks Slump, Bonds Rise as Dubai Roils Markets; Credit-Default Swaps Soar

•Dubai's Debt Delay Rattles Investor Confidence in Persian Gulf Borrowers

•GE May Be Closer to Selling Control of NBC to Comcast as Immelt, Levy Meet

•Deutsche Bank's Thomas Mayer to Succeed Norbert Walter as Chief Economist

•Anthony Bolton Starts China Fund for Fidelity as West `Runs Out of Steam'

•Veolia Said to Consider Shelving U.K. Water-Unit Sale as Bids Fall Short

•Payments From `Bloodthirsty' Lawyers Return to Haunt British Car Insurers

•China Sets First Target to Slow CO2 Emissions as U.S. Offers 17% Reduction

•Irish Church Findings on Child Abuse Called Catalogue of `Evil After Evil'

Exclusive
•Dubai World's Nakheel May Need Further $2 Billion to Finish Developments

•U.K. Retailers Avoid Christmas `Armageddon' Repeat With Fewer Discounts

•Hitachi Bullet Train to Challenge France's Record-Setting TGV on Home Turf

•Vale, Alcoa Consider Building Colombia Aluminum Smelters on Price Rebound

•Patron's Tequila to Push Autos and Beers Off `Blockbuster' U.S. Billboards

•Black Market Signals Vietnam's Dong Devaluation Is Just Start of Weakening
Top Stories From the Web
»Dubai World Restructuring Won’t Affect MGM Project: WSJ Link

»United Technologies Seeks 10-Fold Rise in India Sales: Mint Link

Photo: Times Square shoppers Times Square shoppers
RETAIL: Black Friday
‘Screaming Hot’ TVs Abound as Walmart, Kohl’s Push for Shoppers
Wal-Mart Stores Inc., Kohl’s Corp. and Toys ‘R’ Us Inc. are competing for customers with discounts and extended Black Friday hours as cost-conscious shoppers say they plan to spend less on gifts than they did last year.
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Economy
•Fujii Says He's Watching Yen `Closely' as Currency Climbs to 14-Year High

•European Loans Posted Second Straight Annual Decline in October, ECB Says
Politics
•Obama to Offer 17% Emissions-Cut Goal at UN Climate Summit in Copenhagen

•Obama Will Lay Out Afghan War Strategy in Speech at West Point on Dec. 1
Science
•Lilly, Bristol's Erbitux Reduced Symptoms of Stomach Disorder in Study

•Australian Scientist Repeats Swine Flu Lab-Escape Claim in Published Study
Opinion
•Bernanke Goes From Helicopter Ben to Beijing Ben: William Pesek

•Municipal Derivative Mythology Turns on 500 Swaps: Joe Mysak
Spend
•`Screaming Hot' TVs, $5 Toys Abound as Walmart, Kohl's Push for Shoppers

•Gnawed Gnu, Doughty Dumbo, Blissful Vistas Reward Namibia Visitor: Travel
Sports
• Cincinnati's Kelly Is Favored to Replace Weis as Head Coach of Notre Dame

•Iverson Says He Plans to End 14-Year NBA Career After No Teams Sign Him
Arts and Culture
•British Blue-Bloods Plot to Mollify Hitler in `Glorious 39': Film Review

•Mickey Mouse Faces Music as Philip Glass Is Inspired by Disney: Interview

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AMERICAS/EUROPE/ASIA

 EQUITY INDEXES
 VALUECHANGE% CHANGE
DJStoxx 600239.85-8.11-3.27
FTSE 1005,194.13-170.68-3.18
DAX 305,614.17-188.85-3.25
CAC 403,679.23-129.93-3.41
FTSE MIB21,922.45-819.40-3.60


EUROPE MOST ACTIVE BY VOLUME
 PRICE% CHANGEVOLUME
ENEL SPA4-2.91263069516
UNICREDIT SPA2.25-5.06249125784
LLOYDS BANKING88.83-5.65227925162
ROYAL BK SCOTLAN32.995-7.89173175427
VODAFONE GROUP137.7-1.04165803291
BARCLAYS PLC291.1-8.07156290318
HSBC HLDGS PLC705.6-4.6996381465
INTESA SANPAOLO2.865-4.2680170019
FFASTFILL PLC7.750.0076706726
DSG INTERNATION371.3760517381

 FUTURES
 VALUECHANGE% CHANGE
DJStoxx 502,789.00-108.00-3.73
FTSE 1005,192.00-173.00-3.22
DAX 305,616.00-187.00-3.22
CAC 403,672.00-132.00-3.47
S&P/MIB21,951.00-822.00-3.61

 CURRENCIES
 VALUECHANGE% CHANGE
EUR-USD1.5003-0.0131-0.87
EUR-JPY129.7710-2.4367-1.84
EUR-GBP0.90960.00360.40

 COMMODITY FUTURES
 VALUECHANGE% CHANGE
Oil76.23-1.73-2.22
Gold1,193.805.200.44
Natural Gas5.170.010.17

 BONDS
 PRICEYIELD 
10-Year UK107.613.53 
10-Year German100.713.17 
10-Year French102.563.44 
10-Year Italian101.964.05 

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