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Dubai seeks debt delay, some units cut to junk
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CNBC via MSN Money
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November 26, 2009
By Matt Smith and Enjy Kiwan DUBAI/NEW YORK (Reuters) - Dubai said on Wednesday two of its flagship firms planned to delay repayment on billions of dollars of debt as a first step toward restructuring Dubai World, the conglomerate that spearheaded the emirate's breakneck growth. The sudden move by t...
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