Bloomberg blames 'internal network issue' for global outage

April 17, 2015 1:27 PM

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Bloomberg LP's trading terminals, which are used by most of the world's biggest financial firms, went down for two and a half hours on Friday due to apparent technical problems, prompting the British government to postpone a planned 3 billion-pound ($4.4 billion) debt issue.

Users said the outage started as trading was getting in full swing around 8 a.m. in London, which along with New York is one of the world's largest financial centers, particularly in foreign exchange and bond markets.

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