. >> i'm manesha tank. the top stories this monday, september 19th. markets are gripped by greek contagion fears as tim geithner tells europe to do more to curb the crisis. >> dominique strauss-kahn said he made a moral error. >>> could china be facing a banking crisis of its own? we ask a construction bank. >> well, whether that's the case or not, investors have a lot to think about this monday and center stage. a meeting of the finance ministers friday failed to deliver any concrete solution to the greek debt crisis. with more on that in a moment. first a look at how the stock markets are faring and we are really seeing some dives there off by nearly 2%, the london ftse. getting on for 3% for the dak and cac 40. off by 1.6% is this eu finance minister's meeting and also another defeat for chancellor merkel in an election in a federal state in berlin in the capital which itself a federal state stinging review came after another weakening her merkel's authority as chancellor. >>> news from the swiss banking giant ubs. that lender has raised the tally

. >> and a great afternoon from you, i'm manesha tank. this is "world business today" and these are your top stories. the global showdown and prada profits are pushed ever higher. >>> a worry iing tragedy in greece. higher suicide rate. >>> and the surprising makeover for the people's car. look at the gold-plated car here. >> let's send you straight to the stock market action. this is where the leading indices stand about an hour into the trading session, the dax is leading the way up in excess of 1.5%. in italy investors seem to be shrugging off news that standard & poor's implemented a downgrade. they cut italy's rating from a plus to just a. that's on the back of concerns about the weak mick growth and political uncertainties. the trading at 14, 240 ftse. >> tokyo's nikkei and the asa had both lost 2% dragged down by banking stocks. hang high-rising slightly but notefully asbury. a number of problems we told you about but it's not looking good for them, nina. >> monita, how the u.s. markets fared. on a day on which barack obama made it