World bourses lost 5.2 trillion dlrs in January: credit rater
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World stockmarkets lost 5.2 trillion dollars (3.6 trillion euros) in January thanks to the fallout from the US subprime crisis and fears of a global economic slowdown, Standard & Poor's said Saturday.
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Goldman Sachs Group Inc  and  Credit Suisse Group  on Friday said they will cut  about 2,000 job worldwide as a credit crisis puts a damper on  fixed-income trading and corporate dealmaking.
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The yen hit five-week lows versus the  euro on weak Japanese growth data on Wednesday while sterling  fell on Bank of England comments, but the market focus was on  Fed Chairman Alan Greenspan's testimony later in the day.
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The Bank of England (BoE) froze interest rates at 4.75 percent for the fifth successive month following recent signs that the British economy is losing momentum.
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Business & money: Dow Jones industrial average falls 200 points as data 'suggests wheels have fallen off economy'
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The pound lost ground on the dollar after the Bank of England's decision to leave its main borrowing rates unchanged at 5.25 percent, analysts said Thursday.
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Credit Suisse suspended a number of traders in connection with a $2.85 billion overvaluation of assets.
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World investment banks to losses of about $30bn from bad debts linked to the global credit crunch, a report says.
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Credit Suisse (NYSE:CS) led European equity markets lower on Tuesday after writing down the value of asset-backed investments by $2.85bn, sending a further jolt through the financial services sectors.
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A heavy loss by the bond insurer MBIA and the prospect of new downgrades in the bond insurance industry sent Wall Street sharply lower in early trading.
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World stocks and emerging market assets weakened on Wednesday while safe-haven government bonds rose as UBS  unveiled $4 billion in new write-downs, stirring fears the five-month-old credit crisis is deepening.
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SociÃ©tÃ© GÃ©nÃ©rale also announces further â¬2bn-plus write-down because of credit crunch
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The Dow gained 2.5 percent after the Fedâs forceful move, which was intended to limit the damage from the disorder in the housing and credit markets.
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Credit Suisse shook the markets on Tuesday when it announced that pricing errors by traders on asset-backed securities would result in write-downs of $2.85 billion.
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Stocks fell sharply on Tuesday as bond yields shot to their highest in five years, stoking fears that higher borrowing costs could cut into corporate profits and put a damper on takeover activity.
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Bear Stearns Cos Inc  posted a much bigger-than-expected quarterly loss on Thursday, capping a fiscal year when the fifth-largest U.S. investment bank took a beating on bad bets on risky subprime mortgages.
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Global stock markets were walloped with a collective loss of 5.2 trillion dollars in the month of January as investors scurried for cover in the face of economic uncertainty, a report showed Friday.