NZ/EU trade agreement scheduled May 1

Good Morning,

NZ sharemarket closes with decent rise, Cocoa rally and market tumult hoist systematic hedge funds, Binance to end support for USDC stablecoin on Tron blockchain, Revenue Minister keen to reduce tax burden and compliance costs, ‘Sell the rally’: Citi turns bearish on lithium, Nissan targets 1 million extra vehicle sales in next 3 years, aims to cut EV costs, Backdoor listing for Accolade on the table in AusVintage deal, BWP hits 58pc ownership to secure Bunnings deal

Let's jump in.

Before The Bell

Markets

• NZ sharemarket closes with decent rise (GR)

• Muscular India positioning itself for world-leading evolution (NBR)

• ASX gains as real estate jumps, ALS sinks on Nuvisan rescue effort (AFR)

• China faces ‘fork in the road,’ IMF chief says, urging Beijing to embark on pro-market reforms (CNBC)

• Cocoa rally and market tumult hoist systematic hedge funds (RT)

• Binance to end support for USDC stablecoin on Tron blockchain (RT)

News Summary

• Minister of Commerce and Consumer Affairs Andrew Bayly wants a twin peaks model for financial regulation (GR)

• Revenue Minister keen to reduce tax burden and compliance costs (NBR)

• FMA settles some claims against CBL’s Peter Harris (NBR)

• More Fletcher directors quit, acting CEO appointed (NBR)

• Prime Minister Christopher Luxon says SailGP postponement highlights ‘red tape and obstruction’ (Stuff)

• Wellington theatre stands behind lead actor convicted of rape (Stuff)

• Grindr to offer HIV self-test kits to New Zealand users (Stuff)

• Manager’s warning about fund that made 163% in 12 months (Stuff)

• ‘Sell the rally’: Citi turns bearish on lithium (AFR)

• New Zealand and EU trade agreement to take effect on May 1 (RT)

• Emergency power shutdowns in Ukraine's Odesa after Russian attack (RT)

• China’s new guidelines block Intel and AMD chips in government computers (CNBC)

• Nissan targets 1 million extra vehicle sales in next 3 years, aims to cut EV costs (CNBC)

Deal Flow

Investments / M&A

• Shareholder slams MMA Offshore $1 billion takeover (AFR)

• Perseus prevails in $270m bidding war over Tanzanian gold project (AFR)

• BWP hits 58pc ownership to secure Bunnings deal (AFR)

• Round two under way for Perpetual breakup; bids land (AFR)

• Nev Power-chaired Future Battery Minerals raising to buy lithium asset (AFR)

• Clarity Pharmaceuticals preps $110m raise; Bells, Wilsons mandated (AFR)

• Nick Bolton-backed Vintage Energy rattles the tin; 37.5pc discount (AFR)

• NZX looks to index futures for growth (NBR)

• Bayleys gets into Aussie real estate through ASX co takeover (NBR)

• Small-cap funds hunt for ‘miniature seven’ to rival big tech (AFR)

Equity Raises

• Backdoor listing for Accolade on the table in AusVintage deal (AFR)

• Amaero, Brightstar Resources, Black Rock Mining join Monday’s raisers (RT)

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