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Puerto Rico poses 'substantial threat': Strategist

All eyes are on Greece's impending default, but Societe Generale's Larry McDonald says it's another crisis that threatens the financial market.
Source: CNBC.com | By: Maxwell Meyers
UK first quarter economic growth was greater than estimated

LONDON- Britain's economy grew faster than previously estimated in the first quarter of 2015, thanks to a rise in construction output. Chris Williamson, chief economist at Markit, says the upward revision will heap pressure on Bank of England policymakers to consider hiking interest rates- particularly as there is now evidence of rising incomes and pressure...
Source: The Associated Press
UPDATE 2-Thai May indicators show economy remains fragile

BANGKOK, June 30- Thailand released weak May factory output data and tepid investment and consumption indexes that provide fresh indications the junta has not been able to pull Southeast Asia's second-largest economy out of a rut. The Industry Ministry said on Tuesday that May output dropped 7.6 percent from a year earlier, the largest fall since March 2014.
Source: Reuters | By: Kitiphong Thaichareon and Orathai Sriring
From the sidelines, Chinese companies start to eye Greek deals

HONG KONG/ SHANGHAI, June 30- As the risk of Greece leaving the euro zone looms larger, Chinese companies are making tentative assessments of potential buying opportunities in the country, according to banking sources. China Premier Li Keqiang assured European leaders on Monday that the country wants Greece to remain in the currency area and urged...
Source: Reuters
UPDATE 2-Suzuki Motor CEO names son to succeed him as president

*Osamu Suzuki to remain CEO, chairman. TOKYO, June 30- Suzuki Motor Corp's 85- year-old CEO Osamu Suzuki named his eldest son as the new president of Japan's fourth-biggest automaker, easing investor concerns over the firm's succession plan and boosting the company's shares by more than 5 percent. Suzuki Motor on Tuesday also laid out financial targets under a...
Source: Reuters | By: Minami Funakoshi and Chang-Ran Kim
UPDATE 2-Sony to raise nearly $4 bln, ramp up sensors business to anchor turnaround

*New-look Sony's clearest statement of intent so far. TOKYO, June 30- Japan's Sony Corp plans to raise nearly $4 billion via new shares and bonds to plough into image sensors as it reinvents itself as a niche component maker, pulling back from consumer goods like TVs that dragged it into losses. In Sony's first new share issue in 26 years, the firm said on Tuesday it...
Source: Reuters | By: Ritsuko Ando
UPDATE 1-Orange, Partner Communications set terms to end brand deal

PARIS, June 30- French telecoms group Orange and Israeli mobile phone operator Partner Communications said on Tuesday they had agreed terms to end their licensing deal following a public row in Israel, but Orange said it was still committed to Israel. Israel protested to France after Orange's Chief Executive, Stephane Richard, said earlier this month he would...
Source: Reuters
Asia ignores Greek risks; China stocks reverse course to rise 5.6%

Asia's stock markets bounced back on Tuesday, recovering from the previous day's heavy selloff, even as Greece inched nearer toward a debt default.
Source: CNBC.com | By: See Kit Tang
China fund association seeks to rally confidence as stocks tumble

SHANGHAI, June 30- China's fund association on Tuesday sought to rally confidence as the country's stock markets tumbled, by saying the falling prices presented valuable buying opportunities if hedge fund managers made rational investment decisions. "Confidence is more important than gold," Asset Management Association of China said in a statement on its...
Source: Reuters
Amazon opens loan program in UK, plans for China

Amazon will start a business loan program for small sellers in the U.K. on Tuesday and is looking to expand the program in seven more countries this year.
Source: Reuters