Launch of ASX’s first bitcoin ETF sparks price war

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SoftBank’s Masayoshi Son Is Ready for Next Big Bet After Hiatus, Europe’s IPO Revival Sputters as Buyout Firms Get Cold Feet, BP to buy out Bunge's stake in Brazilian biofuels JV in $1.4 billion deal, Launch of ASX’s first bitcoin ETF sparks price war, Exclusive: Biden allies raising $10 million to challenge Trump social media machine and BoE keeps rates at 16-year high despite inflation fall.

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Before The Bell

Markets

• Launch of ASX’s first bitcoin ETF sparks price war (AFR)

• Oil Holds Above $85 as Traders Await Fresh US Stockpile Data (BBG)

• Nvidia set to solidify position as world's most valuable company (RT)

Earnings and Data

• Kroger beats first-quarter estimates on steady grocery demand (RT)

News Summary

• South Korea blasts Russia-North Korea deal, threatens against Russia (Stuff)

• Economy inches out of recession, recording 0.2% growth (Stuff)

• NZME journalists fear for news in the regions if proposed cuts go ahead (Stuff)

• Commerce Commission starts High Court case against Foodstuffs (Stuff)

• Government moves to snatch control of students away from universities (AFR)

• Guzman y Gomez has a history of missing forecasts, documents show (AFR)

• Nuclear to wreak ‘catastrophic damage’ on renewable energy (AFR)

• BoE keeps rates at 16-year high despite inflation fall (AFR)

• Chinese carmakers urge Beijing to hit back at EU tariffs (AFR)

• Europe’s IPO Revival Sputters as Buyout Firms Get Cold Feet (BBG)

• Xi’s Mystery PBOC Plans Surface With Biggest Shift in Years (BBG)

• Vietnam Greets Putin in Boost to Ties, Ignoring US Criticism (BBG)

• Japan's Century-Old Bank Sends Warning to World on Higher-for-Longer Rates (BBG)

• SoftBank’s Masayoshi Son Is Ready for Next Big Bet After Hiatus (BBG)

• Hertz Starts Debt Sale to Bolster Balance Sheet (BBG)

• Sudan's cemeteries swell with fresh graves as hunger and disease spread (RT)

• Exclusive: Biden allies raising $10 million to challenge Trump social media machine (RT)

• Millions sweltering under extreme heat worldwide as summer arrives (RT)

Deal Flow

Investments / M&A

• Tate & Lyle Buys Ingredient Maker CP Kelco for $1.8 Billion (BBG)

• Honeywell to Buy CAES From Advent in $1.9 Billion Cash Deal (BBG)

• BP to buy out Bunge's stake in Brazilian biofuels JV in $1.4 billion deal (RT)

• Castlelake to buy up to $1.2 bln in consumer loans from Upstart (RT)

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