Dubai port operator eyes $2 bln IPO
DUBAI (Reuters) - DP World, the world's third-largest container port operator, may this year sell $2 billion of shares in an initial public offering and list the stock in Dubai, Middle East Economic Digest reported.
Venezuela's Chavez says oil headed for $100 barrel
CARACAS (Reuters) - World oil prices are headed for $100 per barrel, Venezuelan President Hugo Chavez predicted on Saturday, and said he will cut supplies to the United States if the U.S. government "attacks" the South American nation again.
Barneys to open five clothing stores: Dubai owner
DUBAI (Reuters) - Dubai government investment agency Istithmar, which agreed last week to buy Barneys New York Inc. for $942.3 million, said the U.S. luxury-clothing store plans to open up to five outlets at a cost of as much as $100 million.
Dollar assets key part of China's reserves: Xinhua
BEIJING (Reuters) - China on Sunday delivered a vote of confidence in the dollar, saying dollar assets form an important part of its foreign exchange reserves and the U.S. currency plays a prominent role in the global monetary system.
Lessons for today's market in 1907 panic
NEW YORK (Reuters) - The current upheaval in global markets has many on Wall Street drawing comparisons to turmoil seen in 1998, 1987 and even 1929, but a new book suggests investors should look back as far as 1907 for insight into the mechanisms that can trigger a crash.
BNP, Commerzbank, D.Bank among HomeBanc creditors
PARIS (Reuters) - Leading European banks BNP Paribas , Deutsche Bank and Commerzbank are among the creditors of HomeBanc Corp , the U.S. mortgage group which filed for Chapter 11 bankruptcy protection.
UAE may carve up, offer oil and gas territory: sources
DUBAI (Reuters) - Prized territory, shared for decades between multinationals and major oil and gas producer the United Arab Emirates (UAE), might be broken up in the medium term, industry sources said on Friday.
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