Bonds Down, Deals UP

Author

Toby Brown
April 30, 2024

Good Morning,

NZ sharemarket gains 1%, ASX bounces, Yen drops to a 34-year low, Exporters need knowledge of new green trade rules, Binance founder faces possible three-year jail term, Humza Yousaf poised to quit as Scotland’s first minister, AirTrunk’s owners set NBIO deadline for $15b sale, Ethiopian plastic upcycling startup Kubik gets fresh funding, NZ Bio Forestry seeks hundreds of millions from private investors

Let's jump in.

Before The Bell

Markets

  • NZ sharemarket gains 1% thanks to F&P Healthcare (GR)

  • ASX bounces as real estate & tech rally (AFR)

  • Fed rate cut debate shifts on sticky inflation (AFR)

  • Yen drops to a 34-year low; will authorities step in? (AFR)

  • Gold retreats as dampened Fed rate cut hopes dent appeal (CNBC)

News Summary

  • Here’s how much living costs are rising (Stuff)

  • Banks need to take note of who is under-insured (NBR)

  • Exporters need knowledge of new green trade rules (NBR)

  • Bishop defends freedom of speech after alleged stabbing at Sydney church (9 News)

  • Frontline domestic violence services get $36m boost in Queensland (9 News)

  • Crown Resorts slashes 1000 jobs across Melbourne, Sydney and Perth casinos (9 News)

  • 'No experience required': Amazon to launch hiring spree to fill 1400 jobs (9 News)

  • Binance founder faces possible three-year jail term over ‘wild west’ business model (Guardian)

  • Jeepney strike under way in Philippines as deadline to modernise nears (Guardian)

  • Most menopause hormone therapy patches unavailable in Australia for several weeks (Guardian)

  • Hamas reportedly ‘positive’ on ceasefire talks (Guardian)

  • Humza Yousaf poised to quit as Scotland’s first minister (Guardian)

Deal Flow

Investments / M&A

  • AirTrunk’s owners set NBIO deadline for $15b sale to either DigitalBridge Group & IFM Investors, or Blackstone (AFR)

  • Worley’s long-time agitator Dar Group launches $1.4b block trade (AFR)

  • L'Occitane's billionaire owner close to possible $7 billion buyout bid (RT)

  • Blackstone beats Concord with $1.6 bln bid for Hipgnosis Songs (RT)

  • Regal Private Fund off to a flying start (AFR)

  • NSW Land Registry Services’ owners acquire NatWest’s 20pc stake (AFR)

  • Louis Dreyfus confirms higher bid at Namoi Cotton (AFR)

  • The Riverside Company seeks to acquire Wollongong Virtual IT Group (AFR)

  • Zip Co’s turnaround story lands the BNPL on takeover watchlists (AFR)

  • Perpetual inches closer to KKR deal (AFR)

  • Namibia's NAMCOR signs deal with Chevron to develop offshore block (RT)

  • Tesla clears key China assisted-driving hurdle with Baidu deal (RT)

  • India's Apollo Hospitals stock slides as unit's valuation underwhelms (RT)

  • Redstones, Ellison offer concessions to Paramount investors (RT)

VC & Fundraising

  • Ethiopian plastic upcycling startup Kubik gets fresh funding, plans to license out its tech (TC)

Equity Raises

  • NZ Bio Forestry seeks hundreds of millions from private investors (NBR)

  • West African gold play Turaco Gold launches $16m raise (AFR)

Debt

  • SME lender Capify swaps out Goldman Sachs as funder (AFR)

The Daily Deck is sponsored by Industrial Equity, LLC

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