World Markets Up as Dubai Debt Tensions Ease

World stock markets rose sharply Tuesday after Dubai officials reported negotiations were underway to restructure 26 billion dollars in debt owed by a state-owned conglomerate. The announcement appears to have eased investor concerns, that began after the emirate said the country's investment arm, Dubai World, was seeking a six month delay in repaying nearly 60 billion dollars in debt.VOA's Mil Arcega has the latest.

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