Content Tagged As stock_markets

3 years 2 months ago

$2.3 billion in trading loss

GENEVA (AP) - Swiss bank UBS has increased the loss it expects from its rogue trading incident to $2.3 billion from the $2 billion figure earlier provided. The bank said Sunday it has "now covered the risk resulting from the unauthorized trading" and its equities business "is again operating normally...

3 years 3 months ago

Merkel, Sarkozy to speak on euro crisis

BERLIN (AP) - German Chancellor Angela Merkel is holding a telephone conference with French President Nicolas Sarkozy today as stock markets around the world continue to slide on a combination of worries over the U.S. economy and Europe's debt crisis. Germany's ARD broadcaster reports that the conference will also...

4 years 6 months ago

Stocks plunge more than 200 points

U.S. stocks followed European markets sharply lower Tuesday after Standard & Poor's downgraded the debt of Greece and Portugal. The rating agency's move intensified investors' fears that Europe's debt problems are spreading. The Dow Jones industrial average ended trading down more than 200 points. All the major market indexes...

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