Markets News Friday: Dubai World worries ease in Europe; Total Produce buys UK company; US prepares for Black Friday - - the day for shopaholics
Nov 27th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Markets news on stocks, currencies and commodities; Following a slide in markets on Thursday after Dubai World, the Gulf emirate's public investment company, carrying $59 billion of liabilities, shocked markets by seeking to delay repayment on much of its debt, Asian markets fell sharply Friday. However, worries have eased in Europe. Meanwhile, today, Black Friday, the day after Thanksgiving Day, is generally the single busiest shopping day of the year in the US and accounts for nearly one-fifth of the retail industry's annual sales.