UBS: Rogue Trader Causes $2B Loss

UBS says a rogue trader lost it $2 billion in an unauthorized dealing. The bank has been placed on review for downgrade by Moody's.

Sources:CBS NewsFinancial TimesCNBCeuronewsBloombergThe New York Times

Watch video: http://www.newsy.com/videos/ubs-rogue-trader-causes-2b-loss/

By Wen Yan

Anchor: Christina Hartman

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Turkey Cuts Ties with Israel

Turkey declared on Tuesday it has suspended all defense trade and military cooperation with Israel.

Sources:BBC NewsWall Street JournalCNNInternational Business Timeseuronews

Video: http://www.newsy.com/videos/turkey-cuts-trade-and-military-ties-with-israel/

By Emoke Bebiak

Anchor: Ana Compain-Romero

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Few Answers at Euro Zone Debt Crisis Meeting

French president Nicolas Sarkozy and German chancellor Angela Merkel met to address the euro zone debt crisis Tuesday.

Sources:PBSCNNMoneyeuronewsThe New York TimesTIME

Multisource political news, world news, and entertainment news analysis by Newsy.com

By Kylie McGivern

Anchor: Kylie McGivern

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