Energy
Brent was traded 0.26% lower at US$61.91 at 2.31pm
Forex
The ringgit was down 0.175 to 3.7815 at 2.56pm
Top foreign stories
New opinion poll shows Yes vote slightly ahead in Greece: A new opinion poll on Greece's bailout referendum pointed to a closely balanced result in the vote that could decide the country's future in Europe. The poll, conducted by the ALCO polling institute and published in the Ethnos newspaper today reflected a sharp swing from a previous opinion poll that showed the No vote backed by the left-wing government strongly ahead. - Reuters
US fund files court appeal, seeks to block vote on US$8bil Samsung deal: US activist hedge fund Elliott Associates escalated its battle to block a US$8 billion merger of two Samsung Group firms on Friday, filing an appeal against a South Korean court ruling in a fresh bid to block a key shareholder vote. Elliott wants shareholders to reject the all-stock takeover bid by Samsung Group de facto holding firm Cheil Industries Inc for Samsung C&T Corp, saying the offer undervalues the construction company in which it is the third largest shareholder. Reuters
Japan May machinery orders seen down for first time in 3 months: Japan's leading indicator of capital spending probably fell in May for the first time in three months, but analysts believe the decline will be temporary and firms' business investment will remain solid, buoyed by strong earnings, a Reuters poll showed. Separate data will likely show the nation logged its eleventh straight monthly current account surplus in May as a soft yen boosted income from overseas investments and an increase in the number of foreign tourists helped to improve the balance on services. - Reuters
Top local stories
May exports fall less than expected: Malaysia’s May exports fell 6.7% on-year to RM60.5bil from the RM64.8bil a year ago due to a decline in exports to Japan and Australia and a decline in shipment of liquefied natural gas. The statistics department data showed the on-year fall in exports was not as steep as forecast by a Reuters’ survey of an 8.9% decline. - StarBiz
Takaful Malaysia sees 15% overall growth by year-end: Syarikat Takaful Malaysia Bhd expects its overall company growth to hit 15% this year versus 12% last year. Group MD Datuk Seri Mohamed Hassan Kamil said the target is achievable, driven by positive market response to its product offerings. - Bernama
Landmarks chairman buys 8.65 million shares: Landmarks Bhd
chairman Tan Sri Zakaria Abdul Hamid bought 8.65 million shares in a direct business deal on Thursday. A filing with Bursa Malaysia showed the shares accounted for a 1.79% stake. - StarBiz
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