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China's exports top forecasts as global demand returns

March 08, 2024

Good Morning,

China's exports top forecasts as global demand returns, $1.3m owed to IRD by failed jeweller Silvermoon, Emerging trends steer Fonterra to ‘high protein’ focus, FTX reaches settlement with BlockFi, may pay up to $874 million, Cancer-causing chemical found in Clinique, Clearasil acne treatments, U.S. lab reports and ASX caught in billion-dollar short squeeze as hedge funds shuffle bets.

Let's jump in.

Before The Bell

Markets

  • Stocks Pause, Yen Soars as Japan Rate Wagers Grow: Markets Wrap (BBG)

  • ASX caught in billion-dollar short squeeze as hedge funds shuffle bets (AFR)

Earnings and Data

  • ILT may be forced to hike prices as profit plunges 91% (Stuff)

News Summary

  • Some TVNZ staff learned of job cuts proposal from other news media (Stuff)

  • Covid-19, high staff costs key in failure of Silvermoon (Stuff)

  • FMA takes action against Tower for overcharging (Stuff)

  • BNZ cuts home loan rates (Stuff)

  • How Klarna’s IPO Prep Got Tangled Up in a Boardroom Drama (BBG)

  • China Warns US ‘Absurdity’ on Trade Curbs Will Harm America (BBG)

  • Frenzy Over AI Drives Doubling of Options Trading in Chip Makers (BBG)

  • China's exports top forecasts as global demand returns (RT)

  • Cancer-causing chemical found in Clinique, Clearasil acne treatments, U.S. lab reports (RT)

  • Tesla quits Australia auto lobby over claims on car emission standards (RT)

  • Exclusive: US regulators expected to significantly reduce Basel capital burden (RT)

  • FTX reaches settlement with BlockFi, may pay up to $874 million (RT)

  • ‘No time for complacency’: ASIC chairman keeps heat on ASX (AFR)

  • Chilean lithium giant flags ‘aggressive’ Australian expansion (AFR)

  • Gladstone industry hit by gas supply cuts after pipeline fire (AFR)

  • The case with ‘a chilling effect on all business directors’ (NBR)

  • WorkSafe to cut 113 jobs in search for ‘more sustainable’ model (NBR)

  • $1.3m owed to IRD by failed jeweller Silvermoon (NBR)

  • Electric barges mooted to remove trucks from Auckland’s CBD (NBR)

  • Emerging trends steer Fonterra to ‘high protein’ focus (NBR)

Deal Flow

Investments / M&A

  • Warner Music plans 1.65 bln euro bid to buy France's Believe (RT)

Equity Raises

  • French Startup Raises $73 Million for Blockchain, AI Privacy (BBG)

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