Greece confident about exit from debt crisis

Greek Prime Minister Antonis Samaras Sunday voiced confidence about the country`s exit from a painful four-year debt crisis, as the first round of local elections got underway.

Shutdown enters 2nd week as US scrambles to avert debt crisis

With the US government shutdown entering its second week on Tuesday, Democrats said they will try to convince Republicans to agree to a long-term USD 1 trillion debt-limit increase to avert the ominous prospect of an unprecedented debt default.

Dutch vote in an election crucial for debt crisis

Dutch voters are set to elect a new parliament Wednesday.

Slovenia votes under cloud of eurozone debt crisis

Slovenians voted in snap elections with centre-left Prime Minister Borut Pahor expected to become the latest casualty of the eurozone debt crisis.

Greek PM cancels US trip as debt crisis deepens

Papandreou was in London, en-route to United Nations and IMF meetings, when he decided to turn back.

EU calls emergency meeting as crisis stalks Italy

European Council President Herman Van Rompuy has called an emergency meeting of top officials to discuss the euro zone debt crisis on Monday.

Portugal unveils cabinet to fight debt crisis

Portugal`s new Prime Minister Pedro
Passos Coelho unveiled a slimmed-down cabinet and appointed
seasoned bank policymaker Vitor Gaspar finance minister to
tackle the debt crisis.

Greek PM reshuffle plan in doubt as deputies quit

A string of parliamentary resignations threw Greek PM`s plan to reshuffle cabinet into disarray.

Obama warns on debt at Merkel talks

US President warned Europe`s debt crisis must not destabilize the global economy.

Greek protesters to confront thrifty government

Unions vow to hold rallies against possible new spending cuts by the govt.

Dubai sets up panel for Dubai World debt settlement

Dubai has set up of a tribunal to settle all financial disputes between Dubai World, which is seeking to restructure around USD 26 billion of debt, and its creditors.

Abu Dhabi bailout gives Dubai respite, not much more

Abu Dhabi`s eleventh-hour bailout of neighbour Dubai will reassure investors in the short term, but with USD 35 billion of debts looming and little clarity on how it will pay, Dubai`s troubles are far from over.

D-Day nears for Dubai`s $3.5 billion debt hurdle

Heavy rain pounded Dubai on Sunday adding to the gloom of the emirate`s debt woes a day before the deadline of the USD 3.52 billion bond by state-owned developer Nakheel, with no word on how it will be handled.

Dubai World $26 bn debt plan soothes contagion fears

Efforts by Dubai World to restructure about USD 26 billion in debt out of the estimated USD 59 billion it owes reassured investors that the emirate`s debt problems can be contained, helping global markets edge higher on Tuesday.

Dubai crisis: Making mountain out of molehill?

Amid a pall of gloom over millions of families across India-- dependent on regular remittances from the Middle East-- after Dubai World`s repayment crisis, businessmen and analysts on the ground find the world was over-reacting.

Dubai debt crisis not to snowball into another meltdown: PMEAC

The Prime Minister`s economic panel does not expect the Dubai debt crisis to trigger another meltdown in the world and has retained its forecast of Indian economic growth rate to 6.5 percent for the current fiscal.

Dubai World`s impact on India to be limited: Experts

The impact of the Dubai World crisis on India`s economy would be limited and the authorities there would find a way out, experts said.

Dubai as finance hub faces first test

Dubai`s ambitions to become an international financial centre are in doubt after the shock announcement that its main state-owned firm wants to suspend debt payments, analysts said on Sunday.

Dubai mulling new law to protect property investors

Dubai is considering enacting a law to protect the rights of real estate investors in the Emirate.

Dubai crisis will not affect NCCL: Murthy

City-based Nagarjuna Construction Company Limited (NCCL) has said that the Dubai debt crisis will not affect it, as the projects it undertook there belonged to Governmental agencies.