July 27th, 2010
06:25 AM ET

World update: BP posts massive $17.2 billion loss

An update from London on some of the international stories we expect to develop on Tuesday:

BP losses - BP posted a massive quarterly loss of $17.2 billion Tuesday due to costs stemming from the Gulf of Mexico oil disaster. BP said it took a pretax charge of $32.2 billion in the quarter related to the oil spill, the worst in U.S. history. That charge includes the $20 billion fund the company agreed to set up in June to cover damages related to the spill.

Serbia extradition - A London court is expected to decide Tuesday whether former Bosnian Vice President Ejup Ganic should be extradited to Belgrade after spending four months under house arrest in London. He is wanted in Serbia for conspiracy to murder in breach of the Geneva Conventions.

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