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AP
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Markets worldwide reacted to concerns about bank exposure to the debt, particularly in Europe, and fears it is a signal of greater problems in emerging markets.
US markets were closed, but the dollar was initially lower but bounced and traders said stocks pointed to a sharply lower opening on Friday. Click here for the latest futures quotes.
Dubai said Wednesday it would seek to reschedule debt of its flagship investment fund, Dubai World, and worked to reassure investors Thursday. Click here for story.
