BNZ profit falls, revenue flat in half-year

Good Morning,

BNZ profit falls, revenue flat in half-year, Cyber attacks can threaten bank liquidity: RBNZ, Japan Likely Spent About $23 Billion in Latest Yen Intervention, Huawei Secretly Backs US Research, Awarding Millions in Prizes, Kellanova posts upbeat Q1 results as demand held steady and Renters and realtors upset at scrapping of bill to regulate property managers.

Let's jump in.

Before The Bell

Markets

• Wall St opens higher after Fed allays rate-hike worries (RT)

Earnings and Data

• Kellanova posts upbeat Q1 results as demand held steady (RT)

• Pinnacle West Capital posts Q1 profit on customer growth, new rates (RT)

• Russia's Gazprom swings to $6.9 bln 2023 loss as sales to Europe plummet (RT)

• BNZ profit falls, revenue flat in half-year (NBR)

• Top Coal Miner Reports 26% Rise in Profit as Staff Costs Fall (BBG)

News Summary

• Police Association outlines its final offer, timeline set to end pay dispute (Stuff)

• Renters and realtors upset at scrapping of bill to regulate property managers (Stuff)

• California police move in to dismantle pro-Palestinian protest camp at UCLA (RT)

• ‘Simply not credible’ documents on Wānaka deal don’t exist: Judge (NBR)

• Fast-track Approvals Bill could create new complexities (NBR)

• Cyber attacks can threaten bank liquidity: RBNZ (NBR)

• FirstCape has no interest in Fisher Funds buy, CEO says (NBR)

• UK broker poaches from Jarden’s commodities team (NBR)

• OECD warns sticky inflation means rates higher for longer (AFR)

• Second-largest super fund blacklists thermal coal investments (AFR)

• Japan Likely Spent About $23 Billion in Latest Yen Intervention (BBG)

• Huawei Secretly Backs US Research, Awarding Millions in Prizes (BBG)

• Affordable Luxury Is in Vogue for M&A Bankers (BBG)

• Intel Is Betting $28 Billion on Making Ohio a Global Chips Capital (BBG)

Deal Flow

Equity Raises

• Blackstone-backed Xpansiv warms up for a raise (AFR)

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