Sandy: Damage estimated at up to $20bn

Businesses on the US East Coast have continued to be disrupted by storm Sandy, with total damage estimated at between $10bn and $20bn (£6bn-£12bn).

Sandy has flooded subway and road tunnels in much of Lower Manhattan.

Beyond New York City, public transport has been halted in several eastern US cities, and thousands of flights have been grounded.

And US stock markets have had to close again on Tuesday, the longest period since 9/11.

It is also the first time the weather has shut them for two consecutive days since 1888. The estimate of damage comes from disaster risk modelling firm Eqecat.

Both the New York Stock Exchange (NYSE) and the Nasdaq exchanges plan to reopen on Wednesday. NYSE said that its famed trading floor - based close to the major flooding in Lower Manhattan - remained undamaged.

Wednesday is a key trading day because it is the last day of the month, when traders price their portfolios.

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http://www.bbc.co.uk/news/business-20135446 here you'll find the coplete article.