Morning News - 15 July 2015 - TAANN / ECONOMY - US OUTLOOK

Today’s Highlights

►    Company Update – Ta Ann (BUY, maintain) - Logging activities slows

►    Economy  – US Outlook – Weekly Wrap (6 – 14 July 2015) - Decline in June’s retail sales likely a temporary setback

Quick Bites

►    SAKP secures US$273m ONGC Mumbai High South project

►    MMC&Gamuda: MMC-Gamuda signs project delivery partner agreement for MRT Line 2

Outside Malaysia

►    US stocks gain for fourth day as chipmakers, biotech advance

►    Retail sales in US unexpectedly fall on broad-based drop

►    Fewest US small companies plan to raise pay since January 2014

►    German investor confidence falls a fourth month on Greece

►    China reserves falling least in a year signals outflow eased

►    China’s credit expands in june as stimulus efforts kick in

►    Singapore economy contracts most since 2012 on manufacturing

►    Crude oil futures rise as return of Iran supplies seen gradual