Boeing Plead Guilty

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NZ sharemarket falls & ASX slips, Treasury outlines likely costs of financial institution failures, Melbourne Airport to 'compromise' on above-ground train station, Pakistani breast milk bank closes after Islamic clerics withdraw approval, Carlsberg to buy Britvic for $4.2 billion, Private credit jumps $45b in five years and is threatening banks, Japan, Philippines Sign Defense Deal as China Tensions Drag, Pakistan Stock Trading Resumes After Two Hour Halt on Fire

Let's jump in.

Before The Bell

Markets

• NZ sharemarket falls nearly 0.5% at the start of a pivotal week (GR)

• ASX slips as iron ore sell-off extends; BHP, Rio Tinto fall (AFR)

• Bitcoin’s Mt. Gox Woes Add to Signs of Teetering Crypto Rebound (BBG)

• Government Reform Driving Biggest Returns in EM Bond Markets (BBG)

• Hong Kong Set for Busiest IPO Week of 2024 (BBG)

Earnings and Data

• Treasury outlines likely costs of financial institution failures (GR)

• Contact expects to generate earnings uplift to $770m (NBR)

• 'Vast majority' of Synlait shareholders back proposal (NBR)

News Summary

• Tainui Group sparks Ruakura Energy subsidiary (NBR)

• AgResearch to apply for outdoor trial of GM ryegrass in NZ (NBR)

• Port of Auckland boss says 'ride is over' for cheap access (NBR)

• What’s next for the official cash rate? (Stuff)

• Melbourne Airport to 'compromise' on above-ground train station proposal (9 News)

• Flu cases surging in NSW (9 News)

• Australian Defence Force to be equipped with kamikaze drones (9 News)

• Police impose curfew on Alice Springs again after more violence (Guardian)

• Heatstroke alerts issued across Japan as heatwave leads to four deaths (Guardian)

• Boeing will plead guilty to criminal fraud over 737 Max crashes (Guardian)

• Pakistani breast milk bank closes after Islamic clerics withdraw approval (Guardian)

• Japan, Philippines Sign Defense Deal as China Tensions Drag (BBG)

• Investors chase wealth-tech startups in India as affluent class grows (TC)

Deal Flow

Investments / M&A

• Carlsberg to buy Britvic for $4.2 billion (RT)

• Paramount to continue job cuts until Skydance deal closes (RT)

• Hedge fund takes Barrenjoey to task over Chemist Warehouse merger (AFR)

• RBC hitches a ride on NSW’s toll roads shake-up (AFR)

• Quinbrook lights up auction for energy portfolio (AFR)

VC & Fundraising

• Seed VCs are turning to new ‘pro rata’ funds that help them compete with the big firms (TC)

Equity Raises

• Barrenjoey seeks $182m for Orora activist push (AFR)

Debt

• Private credit jumps $45b in five years and is threatening banks (AFR)

Daily Picks

• Hero schoolgirl steers bus to safety after driver suffers medical episode (9 News)

• Pakistan Stock Trading Resumes After Two Hour Halt on Fire (BBG)

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