Thu06302016

LAST_UPDATEThu, 30 Jun 2016 6pm

Top Banker Calls For Clarity On British Position On EU Talks

Dawn breaks over the City of London, Britain June 24, 2016.     REUTERS/Toby Melville Dawn breaks over the City of London, Britain June 24, 2016. REUTERS/TOBY MELVILLE

Britain needs to build a new international model for financial services after its decision to quit the European Union, a top banker representing an industry lobby group said on Thursday.

Read more: Top Banker Calls For Clarity On British Position On EU Talks

JP Morgan Sees New Scottish Currency Initially Backed By Boe, ECB

The J.P.Morgan logo is seen at their offices at Canary Wharf financial district in London,Britain, March 3, 2016. REUTERS/REINHARD KRAUSE

JP Morgan said on Thursday a Scottish currency in a newly independent Scotland could initially be stabilised near parity with sterling by the Bank of England and European Central Bank, given their strong mutual interest in ensuring stability there.

Read more: JP Morgan Sees New Scottish Currency Initially Backed By Boe, ECB

Euro Zone Returns To Inflation In June, At Modest 0.1 Percent Rate

A waiter serves food to clients of a restaurant in the Andalusian capital of Seville, southern Spain March 4, 2016. REUTERS/MARCELO DEL POZO

The euro zone returned to inflation in June after four months of falling or stagnant consumer prices, principally due to a marked slowdown in the decline of energy prices, according to a flash estimate from the European Union's statistics agency.

Read more: Euro Zone Returns To Inflation In June, At Modest 0.1 Percent Rate

French Finance Minister Says Brexit 'Disaster' For UK Economy, Impact On EU Smaller

French Finance Minister Michel Sapin responds to a question as he attends the questions to the government session at the National Assembly in Paris, France, June 22, 2016. REUTERS/JACKY NAEGELEN

Britain's decision to leave the European Union is a disaster for its economy but will have less severe consequences on growth in other EU countries, French Finance Minister Michel Sapin said on Thursday.

Read more: French Finance Minister Says Brexit 'Disaster' For UK Economy, Impact On EU Smaller

Airbus, Safran Finalise Space Launchers Merger

The new Airbus U.S. Manufacturing Facility in Mobile, Alabama September 13, 2015. REUTERS/MICHAEL SPOONEYBARGER

Airbus Group (AIR.PA) and Safran (SAF.PA) pledged on Thursday to make Europe competitive in the face of U.S. low-cost rival SpaceX as they completed a deal to merge their space launcher activities.

Read more: Airbus, Safran Finalise Space Launchers Merger

Sterling Rises For Third Day After Post-Referendum Plunge

A bank employee counts pound notes at Kasikornbank in Bangkok, Thailand, October 12, 2010.  REUTERS/Sukree Sukplang/File Photo A bank employee counts pound notes at Kasikornbank in Bangkok, Thailand, October 12, 2010. REUTERS/SUKREE SUKPLANG/FILE PHOTO

Sterling climbed for a third day on Thursday, but traded in tight ranges as investors waited for new developments on Britain's decision to leave the European Union which sent the currency to a 31-year low.

Read more: Sterling Rises For Third Day After Post-Referendum Plunge

Oil Falls Towards $50 On Higher Supply Outlook, Economic Worries

A worker fills a car at a Brazilian Oil Company Petrobras gas station in Rio de Janeiro, Brazil, September 30, 2015. REUTERS/RICARDO MORAES

Oil fell towards $50 a barrel on Thursday, pressured by higher Nigerian output and concern about the economic outlook following Britain's vote to leave the European Union last week.

Read more: Oil Falls Towards $50 On Higher Supply Outlook, Economic Worries

Adidas, Kanye West Expand Clothing, Footwear Partnership

NEW YORK: Adidas doubled down on its business ties with rap star Kanye West on Wednesday, announcing a new line of footwear and accessories to be sold in dedicated shops.

Read more: Adidas, Kanye West Expand Clothing, Footwear Partnership

Brexit Has No Direct Ratings Impact On APAC Sovereigns, Banks - Fitch

SINGAPORE: The United Kingdom's vote to exit the European Union (EU) or Brexit has no immediate direct ratings impact on Asia-Pacific (APAC) sovereigns or banks, says Fitch Ratings.

Read more: Brexit Has No Direct Ratings Impact On APAC Sovereigns, Banks - Fitch

Emerging Currencies Up On Stimulus Hope, Easing Brexit Woes

The pound sank on June 27 to 30-year lows while most stock markets tumbled following Britain's decision to leave the European Union, with traders fearing it will lead to months of uncertainty.TOKYO: Investors' taste for risk picked up in Asian currency trading Thursday with the South Korean won and Malaysian ringgit rising on stimulus hopes and as fears about Britain's exit from the EU ease.

Read more: Emerging Currencies Up On Stimulus Hope, Easing Brexit Woes