* GREECE: European Union and International Monetary Fund officials will today complete a review of Greece’s plan for €78bn in asset sales and austerity measures as they prepare the nation’s second bailout in little more than a year (BBG).
* US: U.S. Treasuries and the dollar fell as Moody’s said it may put the government’s Aaa credit rating on review for a downgrade if there is no agreement on increasing the debt ceiling(BBG).
* ASTRAZENECA: The company recently set the price of the Brilique blood thinner, which it hopes will become its next blockbuster drug, at 1.69 euros ($2.38) per pill in Germany. Whether it will be allowed to maintain that price in Europe’s largest drug market remains to be seen. (BBG)
* SIEMENS: Germany’s plans to exit nuclear energy could be an opportunity for German companies to export their renewable energy expertise and knowledge about energy efficiency to emerging countries. (FAZ)
* DEUTSCHE BANK: A group of creditors including a unit of Deutsche Bank and retirees sued former shareholders of Tribune Co, the bankrupt owner of the. Chicago Tribune and Los Angeles Times, alleging the company’s 2007 buyout was a “fraud” which forced the media owner to file for bankruptcy. (BBG)
* HOCHTIEF: The former chief executive of Australian contractor and Hochtief unit, Leighton Holdings, Wal King, said he had not been offered any position by Leighton nor was he seeking one, amid speculation about his possible return as a non-executive director. (BBG)
* INFINEON: The company expects half of its revenue to be generated in Asia by 2014 and is sounding out options for investments in the region. (FAZ)
* NEWS CORP: The company reached agreement in principle with U.K. regulators on a plan to remove the final hurdles to its bid for full control of BSkyB. (FT)
* IFG: The financial-services company said Peter Priestley, who is the appointed IFG board representative of major stakeholder Fiordland Investment Ltd., has temporarily absented himself from all board decisions. The Sunday Times reported May 22 that Fiordland had made a takeover approach for the company. (BBG)
* TELEFÓNICA: The company launched yesterday ‘Tafrifa 6’, the cheapest ever tariff in the mobile business, offering €0.06/min. TEF are looking challenge competition by releasing further reductions in other parts of its business. (Cinco Días)
* ABENGOA: The company in the very final stages of closing a deal to sell its Brazilian electrical network subsidiary to the state-owned electrics company Cemig from Minas Gerais (Brazil) for €430m. ABG holds 11 concessions in Brazil and manages over 4000km of electricity transmission lines in the country. (Cinco Días)
* PRISA: The company has announced it seeks to raise the size of its digital business revenue form 2% to 20% by 2015. (Cinco Días)
* MAPFRE: The president announced yesterday that the company aims to earn btw €1.4bn – €1.8bn this yr. If the latter figure is achieved, it will be a 25% increase on last yr. (Cinco Días)
* TULLOW OIL: The U.K. oil and gas explorer with the most licenses in Africa will be able to sell shares early next year in Uganda after it has completed the necessary paperwork, Elly Karuhanga, the president of Tullow’s unit in the country, told reporters. (BBG)
* UPGRADES: Coca-Cola Hellenic Bottling (Citi), Intesa (Bernstein).
* DOWNGRADES: ASOS (UBS), CIMB (DB), Intermediate Capital (CS).
* CORP. DIARY: Coca-Cola Hellenic Bottling Company S.A AGM, Ryanair May Traffic Statistics, International Airlines Group May Traffic Statistics, John Lewis Weekly Sales Data.
* MACRO DIARY: US – Nonfarm Payrolls, Unemployment Rate (13:30), ISM Non-Manufacturing Composite (15:00), UK – PMI Services, Official Reserves (09:30), Speakers – ECB’s Gonzalez-Paramo (15:15), FED (17:30 / 20:30).