WORLD FINANCE UPDATE:
The Australian dollar is sharply higher as investors sell off US dollars to balance their books at the end of the quarter.
At 0700 AEST on Thursday, the local unit was trading at 74.52 US cents, up from 73.94 cents on Wednesday.
And the Australian share market looks set to open sharply higher after gains on international markets as bargain hunters continued to buy up.
At 0645 AEST on Thursday, the share price index was up 64 points at 5,257.
ELSEWHERE:
BRUSSELS - There is no reason for the City of London to remain a centre for euro clearing if Britain leaves the European Union's single market, and other financial centres in the bloc should get ready to carry out these transactions, French President Francois Hollande said.
LONDON - British Prime Minister David Cameron says his successor could begin negotiations with the European Union about the country's exit from the bloc before the formal Article 50 legal process is triggered, despite comments from the EU to the contrary.
TOKYO - Japanese Prime Minister Shinzo Abe has pledged to use all available policy tools to keep the wheels of the economy turning as financial markets were gripped by uncertainty in the wake of Britain's shock vote to exit the European Union.
OTTAWA - US President Barack Obama says that global markets have settled down slightly after Britain's vote to leave the European Union last week and believes the world economy will be steady in the short term.
OTTAWA - The United States, Canada and Mexico will work to ensure the stability of the global financial system after Britain's vote to leave the European Union last week, US President Barack Obama says.
WASHINGTON - US consumer spending rose for a second straight month in May on increased demand for cars and other goods, but there are fears Britain's vote to leave the European Union could hurt confidence and prompt households to cut back on consumption.
LUXEMBOURG - A Luxembourg court has handed out suspended sentences to the two former accounting firm employees who leaked data about Luxembourg's tax deals with large corporations, which gained prominence in the so-called "LuxLeaks" affair.
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