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Volatility to remain at elevated levels for some time in wake of Brexit outcome

27 June 2016 | Economy

The surprise outcome of the UK Brexit referendum had an immediate adverse impact on global financial markets, with stock markets coming off sharply and investors rushing into safe-haven assets.

Brexit roils markets, but should not derail global economy

24 June 2016 | Economy

After being a member for 43 years, the United Kingdom (UK) yesterday voted by 51.7% to 48.3% to leave the European Union (EU).

Brexit is a positive for our export market

24 June 2016 | Economy

“The fundamental purposes of the European Union are to promote greater social, political and economic harmony among the nations of Western Europe. The EU reasons that nations whose economies are interdependent are less likely to engage in conflict. These goals are pursued through the unification of European markets under a single currency, the Euro, and through sets of legal standards to which all prospective and member nations, are held. Supranational institutions work with national governments to govern the implementation of these standards and help the EU to act as a unified body on the world stage.” According to www.reference.com.