Swiss Re sees 30% risk of Europe, U.S. recession in 2013

LONDON: There is a 30 percent chance of severe recession i n Europe and the United States next year, though moderately rising growth is the likeliest outcome, according to the world's No. 2 reinsurer.

French Market Declines

(RTTNews.com) - The French market is in negative territory on Wednesday, as worries about the fiscal cliff in the U.S. escalated with the remarks of Senate Majority Leader Harry Reid on Tuesday.