Shell Q3 profit drops to $6.2 billion

Good Morning,

Parent of national retailer Mitre 10 slips into red, records $67m loss, New Government doesn't exist yet, but business is happy with it, Apple Loses Bid to Shut Down UK iPhone Class Action Suit, Russia’s richest man is trying to dodge a huge divorce claim and Shell Q3 profit drops to $6.2 billion, group boosts buybacks.

Let's jump in.

Before The Bell

Markets

• ASX closes higher after US Fed call sparks rally; Origin sinks 6pc (AFR)

Earnings and Data

• Shell Q3 profit drops to $6.2 billion, group boosts buybacks (RT)

News Summary

• 'Get rid of it out of our game': Sir Steve Hansen wants major changes to rugby rules (Stuff)

• Australian mushroom cook Erin Patterson charged with murder (Stuff)

• New Government doesn't exist yet, but business is happy with it (Stuff)

• Christopher Luxon makes 'no apologies' as Mongrel Mob seeks legal advice on National Party's gang policy (Stuff)

• Parent of national retailer Mitre 10 slips into red, records $67m loss (Herald)

• TradeWindow to cut costs by at least 50%, in talks with 80 staff (NBR)

• NZ not reconsidering membership of Asian infrastructure bank (NBR)

• China regulators probe liquidity stress that sent rates to record 50% - sources (RT)

• Israeli army battles Hamas fighters in drive towards Gaza City (RT)

• Schumer Urges US FTC Probe of Exxon, Chevron Mega-Deals (BBG)

• Apple Loses Bid to Shut Down UK iPhone Class Action Suit (BBG)

• Ukraine Recap: Russia’s War Is Now Static, Kyiv Commander Says (BBG)

Deal Flow

Investments / M&A

• TradeWindow director resigns, won’t be replaced (NBR)

Debt

• $A bounce on diverging Fed and RBA rate outlook (AFR)

Daily Picks

• Russia’s richest man is trying to dodge a huge divorce claim (AFR)

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