Content Tagged As stock_markets

2 years 10 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...

2 years 11 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...

2 years 11 months ago

Asian stocks tumble after Wall Street slide

ANGKOK (AP) - Asian stock markets are tumbling amid fears the U.S. may be heading back into recession and Europe's debt crisis is worsening. The sell-off in Asia on Friday follows the biggest one-day decline on Wall Street since the 2008 financial crisis. Japan's Nikkei 225 stock average slid...

4 years 3 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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