The Namibia Press Agency, (NAMPA), was established in 1991 as a national news agency responsible for the distribution of local, regional and international news.

World-markets WRAP-update

Contributed by NAMPA / AFP.

World markets shudder at Turkey contagion
ATTENTION - CHANGES dateline; UPDATES with New York close ///
New York, Aug 10, 2018 (AFP) - A plunge of the Turkish lira to record lows sent shivers through global markets Friday as investors worried about contagion, especially for the European banking sector.
"For some time now investors have been looking at the unfolding currency crisis in Turkey as a local difficulty," noted CMC Markets UK analyst Michael Hewson.
"However, the acceleratin ...