Saturday 13 November 2010

EMERGING MARKETS-Irish fears rattle; Dubai risk premiums soar | Markets | Reuters

Mounting fears over Irish debt rattled emerging markets on Friday, while Dubai debt insurance premiums spiked to a two-month high after news a state-owned firm had missed payments on two loans in recent weeks.

In Turkey, the lira steadied after slipping to a two-week low after a surprise cut in its overnight borrowing rates.

The resurgence of concerns over euro zone sovereign debt weighed on emerging assets for the third successive session."

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