Centralized Solution to Bank Scams?

Good Morning,

Markets brace for Israel retaliation, Labour’s new finance spokesperson coy on capital gains tax , Student Cheng Yixuan phoned fiance minutes before Bondi stabbing, China says Hong Kong must 'tightly hold' national security line to safeguard development, Kiwi Steelmasters acquired by ASX-listed Coventry for A$42m, ShareChat’s valuation drops below $2 billion in new funding

Let's jump in.

Before The Bell

Markets

• Markets brace for Israel retaliation; risk of oil hitting $US100 (AFR)

• RBA might be forced to cut rates before US Fed (AFR)

• Asia stocks slip, gold firm (RT)

News Summary

• 'Lead the way on scams', banks tell Government (NBR)

• ComCom looks at larger schedule of work and slashed resources (NBR)

• Labour’s new finance spokesperson coy on capital gains tax (NBR)

• Borrowers agitating for better mortgage deals are saving $2000 a year (AFR)

• Arrests as protests over Gaza war disrupt major cities (AFR)

• Brokers split on Cettire despite surge in sales this year (AFR)

• Forrests’ $10b philanthropic foundation to cut 100 jobs (AFR)

• Student Cheng Yixuan phoned fiance minutes before Bondi stabbing (AFR)

• Roc Partners’ Pace Farms buy clinches deal of the year award (AFR)

• Iran says it gave warning before attacking Israel. US says that's not true (RT)

• Russia and China trade new copper disguised as scrap to skirt taxes, sanctions (RT)

• China says Hong Kong must 'tightly hold' national security line to safeguard development (RT)

Deal Flow

Investments / M&A

• Prysmian to buy Encore Wire in $4.2 bln deal boosting N.America exposure (RT)

• BNP Paribas to acquire Fosun's 9% stake in Belgian insurer Ageas (RT)

• Volpara shareholders vote for South Korean takeover (NBR)

• Kiwi Steelmasters acquired by ASX-listed Coventry for A$42m (NBR)

• Australian coal miner to sell Russian mines, port in fire sale (AFR)

• Incitec Pivot fertiliser deal catches political heat (AFR)

• Deutsche Bank, Barclays in talks for National Group’s refi (AFR)

• Outdoor advertising play Big Screen Video lights up for investors (AFR)

VC & Fundraising

• ShareChat’s valuation drops below $2 billion in new funding (TC)

• Pula raises $20M Series B to provide agricultural insurance to farmers in Africa, Asia and LatAm (TC)

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