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(MENAFN - AFP) Britain battled to stop worldwide Brexit alarm Monday but failed to prevent the pound crumbling to a three-decade low against the dollar as European shares took a fresh plunge.

Asian markets had steadied a little after Britain's June 23 vote to abandon the European Union wiped $2.1 trillion off international equity values Friday.

But investors started ...

 
(MENAFN - AFP) Asian stock markets resumed their losses Tuesday morning, extending another sharp sell-off in Europe and New York that was fuelled by Britain's shock decision to tear itself away from the EU.

Regional markets enjoyed a surprise bounce Monday after Friday's mauling, but uncertainty over the vote -- which many fear could precipitate the end of the United Kingdom ...

 
(MENAFN - AFP) Volkswagen's cost for ending civil lawsuits over its emissions-cheating scandal has grown to $15 billion, Bloomberg News reported Monday on the eve of the automaker's court deadline to file a settlement.

Last week, a person close to the matter told AFP that the German automaker would file a proposed settlement of $10.3 billion. That included compensation payments ...

 
(MENAFN - AFP) PepsiCo said Monday it is putting aspartame back into some diet beverages in the United States, just a year after pulling the artificial sweetener from its products over consumer concerns about safety.

"Consumers want choice in diet colas, so we're refreshing our US lineup to provide three options that meet differing needs and taste preferences," a PepsiCo ...

 
(MENAFN - AFP) The European Central Bank on Monday opened the third edition of its annual forum in a secluded luxury resort in Portugal, where the uncertainty and financial market turbulence sparked by Britain's vote to quit the EU is set to dominate debate.

In his opening speech, ECB chief Mario Draghi expressed "sadness ... witnessing change of this magnitude" after 52 ...

 
(MENAFN - AFP) The United States and the European Union on Monday both stressed a willingness to clinch a trade deal this year, despite Britain's shock vote to exit the 28-nation bloc.

The comments from the top trade negotiators for each side came on the eve of talks in Washington on the proposed Transatlantic Trade and Investment Partnership (TTIP), which would create the ...

 
(MENAFN - AFP) Two ratings agencies downgraded Britain on Monday because of its vote to leave the European Union, citing risks to its economy and political upheaval.

Standard & Poor's removed Britain's coveted AAA status, downgrading it by two notches with a long-term negative outlook.

"In our opinion, this outcome is a seminal event, and will lead to a less predictable, ...

 
(MENAFN - AFP) Banks, airlines and carmakers are among the industries in Britain to have been left especially exposed following the uncertainty created by the country's decision to leave the European Union.

Here are some of their key concerns:

BANKS:

Plunging share prices for the likes of Royal Bank of Scotland and Barclays since Friday are proof already that ...

 
(MENAFN - AFP) French finance prosecutors have asked for Swiss bank UBS to face trial for allegedly orchestrating a vast system of tax fraud in France, a legal source said Monday.

The prosecution requested that UBS face trial for "aggravated laundering of tax fraud proceeds" while its French branch be judged for complicity in these crimes.

It also requested a trial ...

 
(MENAFN - AFP) US Treasury Secretary Jacob Lew said Monday that Britain's vote to leave the European Union was a "headwind" for the global economy but appears unlikely to trigger a financial crisis.

"There is no question this is an additional headwind," Lew said in an interview on CNBC television. "We can manage through it."

The Treasury chief said the Brexit vote last ...

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