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Risk Appetite Surges on Dubai Bailout

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THEY BLINKED
"Global risk appetite surged on Monday, boosting stocks and initially denting haven assets, after Dubai said it had received $10bn from Abu Dhabi to help cover its debts," the Financial Times reported. "News of Abu Dhabi’s largesse gave an instant boost to Asian bourses when it was revealed shortly after 04:00 GMT."
SOURCE:   Financial Times

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