Nauru to sever diplomatic ties with Taiwan in favour of China

Good Morning,

Kiwibank cuts home loan rates, Australian ETF industry hits record as RBA boosts bonds appeal, Singapore Home Sales Fall to 15-Year Low, Apple offers iPhone 15 at rare discount in China as competition intensifies, Reparation bonds could unlock $300 billion for Ukraine, Kiwi unicorn Crimson Education seeks capital partner, Foreigners Sell China Stocks in 2024 as Economic Woes Worsen

Let's jump in.

Before The Bell

Markets

• Australian ETF industry hits record as RBA boosts bonds appeal (AFR)

• Uranium above $US100 fuels ASX nuclear rally (AFR)

• Singapore Home Sales Fall to 15-Year Low (BBG)

• Foreigners Sell China Stocks in 2024 as Economic Woes Worsen (BBG)

News Summary

• Kiwibank cuts home loan rates (Stuff)

• Kidnapper followed young girls to school playground before threatening them (Stuff)

• Thunderstorms, heavy rain on the way for North Island (Stuff)

• The Kai Box to close (Stuff)

• Former Australian footballer found dead in bushland (Stuff)

• Tiwi Islanders lose challenge against Santos' pipeline (9 News)

• Three new illicit designer drugs discovered in Australia (9 News)

• Residents north of Perth warned it's too late to leave as bushfires continue to rage (9 News)

• Nauru to sever diplomatic ties with Taiwan in favour of China (Guardian)

• Why Europe’s farmers are protesting (Guardian)

• Reformist Arevalo sworn in as Guatemala president (RT)

• Former US official says commitment to Taiwan 'rock solid' (RT)

• Apple offers iPhone 15 at rare discount in China as competition intensifies (RT)

• Reparation bonds could unlock $300 billion for Ukraine (RT)

• Bone-Chilling Cold Tests Power Grids From Texas to Alberta (BBG)

Deal Flow

Investments / M&A

• Whitehaven Coal had no troubles bankrolling its $6.2 billion acquisition of BHP’s Daunia and Blackwater coal mines (AFR)

• King & Wood Mallesons has been appointed to lead Wiggins Island Coal Export Terminal (WICET) through a $US 2 billion refinance (AFR)

• Sydney’s Arriba Group, which provides workplace rehabilitation and NDIS services, is ready for M&A (AFR)

• Commerzbank merger talk resurfaces as Germany mulls company sales (RT)

VC & Fundraising

• HR start up Employment Hero’s mega capital raise doubled as liquidity event (AFR)

• Kiwi unicorn Crimson Education seeks capital partner (AFR)

Daily Picks

• Man launches drone after large shark spotted at Coromandel's Otama Beach (Newshub)

• Longline fishing boats the latest to need cameras on board (Newshub)

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