world markets

Update news world markets

Brexit vote, UK political confusion keep world markets on edge

 Britain's vote to leave the European Union continued to reverberate through financial markets, with the pound falling to its lowest level in 31 years, despite government attempts to relieve some of the confusion about the political

China’s dumping leaves Vietnam steel plants fighting for survival

 VietNamNet Bridge – Steel making in Vietnam is in danger of coming to a full stop and the root cause of its demise lies in the fact China is increasingly dumping vast stockpiles of steel in markets around the globe say leading market analysts.

Cyprus banks to stay shut as world markets take fright

 Cyprus reversed a decision to reopen some banks on Tuesday after world markets took fright at the implications of the multi-billion-euro bailout deal it has struck with international creditors.