New misconduct allegations at EY, investigation launched

Good Morning,

Hackers hold Australian prescription platform to ransom, AT&T Strikes Space Broadband Deal in Challenge to Musk’s SpaceX, Regal allegedly embroiled in South Korean securities investigation, Former Fonterra supplier Waitonui Holdings owed over $43.5m and They still hate him, but Wall Street’s big donors turn to Trump.

Let's jump in.

Before The Bell

Markets

• Panic sets in as short squeeze rockets copper price (AFR)

• Mortgage relief in sight after traders scrap rate rise bets (AFR)

• European Stocks Hold Gains After US Inflation Data: Markets Wrap (BBG)

• Japan's economy skids, clouding BOJ's rate hike plans (RT)

Earnings and Data

• India's Mahindra and Mahindra's Q4 profit beats estimates (RT)

News Summary

• Christchurch company charged over alleged illegal lotteries (Stuff)

• New misconduct allegations at EY, investigation launched (Stuff)

• Who is Robert Fico, the populist Slovak prime minister wounded in a shooting? (Stuff)

• Labor slammed for offshore gas approval backdown (AFR)

• Regal allegedly embroiled in South Korean securities investigation (AFR)

• Hackers hold Australian prescription platform to ransom (AFR)

• Budget gives $1.7b boost for green aviation fuel but still no mandate (AFR)

• They still hate him, but Wall Street’s big donors turn to Trump (AFR)

• Former Fonterra supplier Waitonui Holdings owed over $43.5m (NBR)

• NZ doesn’t need a capital gains tax, Deloitte partner says (NBR)

• Xi Tells Putin China-Russia Ties Should Last ‘Generations’ (BBG)

• US Inflation Data Was Accidentally Released 30 Minutes Early (BBG)

• China Recovery Likely Picked Up With Outlook Buoyed by Stimulus (BBG)

• Volkswagen Walks Back EV-or-Bust Strategy That Rankled Rivals (BBG)

• AT&T Strikes Space Broadband Deal in Challenge to Musk’s SpaceX (BBG)

• Exclusive: Anglo unveils hiring freeze, document shows, after rejecting $43 billion takeover bid (RT)

• US anchors aid pier to Gaza beach but distribution plans uncertain (RT)

• Goldman Sachs hires from rivals to expand in mid-market deals (RT)

Deal Flow

Investments / M&A

• Fonterra’s consumer business could fetch more than $2.5b (NBR)

• Fonterra to sell global consumer, Oceania, Sri Lanka, businesses (NBR)

• Real Estate Mogul Frank McCourt Readying US TikTok Bid (BBG)

• Ingram Micro Ready to Move on Plan for $1 Billion-Plus IPO (BBG)

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