Business
UAE markets seen 'limit down' on Monday open
DUBAI (Reuters) - UAE markets will face intense selling pressure when they reopen on Monday in the first post-holiday trading after Dubai shocked global markets last week by seeking a debt standstill for two flagship firms. Full Article
Dubai World refused distress-asset sale - report
DUBAI (Reuters) - Dubai World has refused to offload assets at fire-sale prices to repay obligations, forcing it to seek a debt standstill, a newspaper report on Sunday quoted an unnamed source at the government-controlled firm as saying. Full Article
UAE cbank sets up new liquidity facility
DUBAI (Reuters) - The United Arab Emirates' central bank set up new additional liquidity facility for commercial banks, it said on Sunday. Full Article
India Company, Markets and Commodities News
No need to panic over Dubai - Pranab
Finance Minister Pranab Mukherjee said there was no need to press the "panic button" over the Dubai debt crisis.
ALSO ON REUTERS
Lifeline for Satyam
Satyam's sale to Tech Mahindra may help restore faith in India's IT sector at a time when the global downturn has hit growth. Slideshow
Reuters Insight
John Mair, Deputy Bureau Chief, Mumbai, gives us an analysis of the Satyam sale. Video
Tech Mahindra joins top tier with Satyam
Analysis - Tech Mahindra, even allowing for overstatement of accounts by Satyam, is expected to be a top-tier outsourcer after the Satyam deal. Full Article
