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Ikea begins search for hundreds of New Zealand staff, India election: Congress's Gandhis, trailing Modi, battle for political survival, Napier Port eyes recovery amid mixed trade volumes, KKR Weighs Sale or IPO for $15 Billion BMC Software, Workers rush back to their desks as job fears grow and Swiss call for change to 'unrealistic' bank liquidity rules.

April 12, 2024

Good Morning,

Ikea begins search for hundreds of New Zealand staff, India election: Congress's Gandhis, trailing Modi, battle for political survival, Napier Port eyes recovery amid mixed trade volumes, KKR Weighs Sale or IPO for $15 Billion BMC Software, Workers rush back to their desks as job fears grow and Swiss call for change to 'unrealistic' bank liquidity rules.

Let's jump in.

Before The Bell

Markets

  • Shock US inflation ends chance of RBA rate cuts this year (AFR)

  • Asian shares fall on U.S. rate scare, yen plumbs 34-yr low (RT)

News Summary

  • Easter trading laws could get shake-up (Stuff)

  • Ikea begins search for hundreds of New Zealand staff (Stuff)

  • Charges filed over Beaurepaires’ extended warranties (Stuff)

  • Cash seized as Australian police claim scheme laundered $1 billion (Stuff)

  • Cannasouth CEO Mark Lucas resigns from beleaguered company (NBR)

  • Minister Doocey tells councils they should decide tourist numbers (NBR)

  • The Accountants 2024: Partnership’s not dead, but needs to evolve (NBR)

  • Napier Port eyes recovery amid mixed trade volumes (NBR)

  • Being AI buys schools; analyst calls composite firm ‘unusual’ (NBR)

  • ‘Dangerous’ policy mix threatening interest rate cuts: economists (AFR)

  • Workers rush back to their desks as job fears grow (AFR)

  • Regal’s Phil King shorts Tesla and Apple (AFR)

  • India election: Congress's Gandhis, trailing Modi, battle for political survival (RT)

  • China's Q1 GDP growth set to slow to 4.6%, keeps pressure for more stimulus- Reuters poll (RT)

  • Amazon owes $525 mln in cloud-storage patent fight, US jury says (RT)

  • Swiss call for change to 'unrealistic' bank liquidity rules (RT)

  • Traders Flee Real Estate Stocks as Inflation Darkens Outlook (BBG)

  • Peru Backtracks Visa Requirement For Mexicans on Tourism Industry Pressure (BBG)

  • Inside the Climate Watchdog Holding the UK Government to Account (BBG)

Deal Flow

Investments / M&A

  • KKR Weighs Sale or IPO for $15 Billion BMC Software (BBG)

  • Nursing Home Firm PACS Group Raises $450 Million in IPO (BBG)

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