Asian futures point to a lower trading day. The Nikkei’s recent 11-day tear may have left some investors optimistic but all signs point to a lower open for the index as contracts on the benchmark slipped 0.5% in its most recent trading. The Hang Seng and the SHCOMP meanwhile ended May down 0.3% and 0.2% respectively as brokers tighten margin lending. The Singapore-traded FTSE China A50 Index however, managed to eke out a 0.1% gain. Bloomberg
GE begins lending unit divestiture process. General Electric, the gargantuan multinational conglomerate, has begun the process of divesting $40 billion worth of its U.S. lending businesses. The company, who plans to scale down its financing business, is currently working with Credit Suisse and Goldman Sachs on the sale, with JP Morgan organizing the entire process. Reuters
U.S. domestic surveillance reform bill clears its first hurdle. In a rare Sunday session, the U.S. Senate cleared the way for the “U.S. Freedom Act” to be debated. However, with an expiration coming in at midnight, it is uncertain if the bill would get passed into legislation in time. Yahoo! Finance/Reuters
Greece’s Tsipras warns the EU that the bells may toll for all of them. The chess game between Greece and its creditors continues to escalate as lenders – with time running out – refusing to make concessions. Channeling Hemingway, Greek Prime Minister Alexis Tsipras warns Europe that a solution isn’t just for Greece: “If some, however, think or want to believe that this decision concerns only Greece, they are making a grave mistake,” he wrote. “I would suggest that they re-read Hemingway’s masterpiece, ‘For Whom the Bell Tolls’.” Bloomberg
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