Morning News - 6 July 2015 - AEONCR / ECONOMY - TRADE & US OUTLOOK

Today’s Highlights

►    Company Update – AEON Credit (BUY, maintain) - Weathering the industry challenges

►    Economy  – Trade - Malaysia’s exports contracted by -6.7% yoy in May

►    Economy – US Outlook – Weekly Wrap (29 June – 3 July 2015) - US nonfarm payrolls rose by 223k in June

Quick Bites

►    Tenaga: To pay 1MDB RM46.98m for stake in Project 3B

►    Hong Leong Bank: Proposed acquisition of DC Tower Sdn Bhd for RM189.3m

Outside Malaysia

►    Greece heads for ‘no’ vote, raising risk of exit from euro

►    Constancio says ECB relying on Greek vote for liquidity decision

►    UK services strengthened more than forecast in June

►    Japan still set for 2017 tax hike even as economy struggles

►    Russian services unexpectedly slump as consumption declines

►    China intensifies steps to end US$3.2trn stock rout

►     Oil caps biggest weekly drop since March as rigs advance