The U.A.E.'s central bank said it would pump liquidity into local banks, but didn't offer specific support to Dubai, raising worries of a rift.

European stock markets fell as nervousness surrounding the debt crisis in Dubai caused investors to move away from riskier assets. The dollar strengthened and gold retreated from last week's highs.

Financial shares led Asian stock markets higher Monday after last week's sharp selloff tied to Dubai debt. Japan's Nikkei rose 2.9%.

Dubai's debt debacle is stoking a new fear for investors across the globe: potential government default by heavily indebted nations.

Markets in Asia fell sharply Friday reacting to fears that Dubai's credit problems show the global financial sector is not healed. Hong Kong's Hang Seng Index plunged 4.8%.

Persian Gulf bonds tumbled and the cost of insuring against default across the region jumped a day after Dubai said it would ask to postpone debt of Dubai World.

Asian markets ended lower, with the strong yen hurting exporters in Tokyo while capital-raising worries and a disappointing Hong Kong debut for China Minsheng Banking hurt Chinese banks.

China's foreign-exchange regulator tightened existing rules governing cross-border money transfers by individuals, in its latest effort to crack down on speculative capital flows.

GM's Saab brand could be headed for the junkyard after the auto maker's plan to sell it to Koenigsegg collapsed.

Asian stock markets ended mostly higher with Japanese stocks climbing on exporters and CapitaMalls Asia making a strong debut in Singapore.

Shares of CapitaMalls Asia, Singapore's largest initial public offering in 16 years, ended 8.5% higher on their debut.

Asian share markets were mixed Wednesday with investors keeping a close eye on Chinese markets after Tuesday's sharp drop. The Nikkei fell 0.2%.