Jacinda Arden Pursues a Modelling Career

October 01, 2022

Good Morning,

Jacinda Ardern makes an appearance at World of Wearable Arts as a model, Airways releases a larger than expected $35m annual loss, NATO is under the impression that the Baltic Sea gas leaks were sabotage, China shares fall to record low valuation in Hong Kong, JPMorgan expected to hire around 2,000 engineers despite economy softening, South Korea reduces chip production for the first time in four years.

Let's jump in.

Before The Bell

Markets

  • US stocks plunge to new lows since November 2020 as more officials from the Federal Reserve reinforce aggressive tone.

  • European stocks increase alongside government bonds.

Earnings

  • Bed Bath & Beyond report a 28% reduction in sales (CNBC)

News Summary

  • Jacinda Ardern makes an appearance at World of Wearable Arts as a model (Herald)

  • Airways releases a larger than expected $35m annual loss (NBR)

  • KiwiRail reports a large operating surplus of $133.9m under new funding regime (NBR)

  • NATO is under the impression that the Baltic Sea gas leaks were sabotage (AFR)

  • China shares fall to record low valuation in Hong Kong (BBG)

  • Biden declares emergency in South Carolina due to hurricane Ian (WSJ)

  • JPMorgan expected to hire around 2,000 engineers despite economy softening (RT)

  • A suicide blast in Khabul education centre takes the lives of 19 people (Guardian)

  • South Korea slashes computer chip production as worldwide demand for electronics slump (BBG)

  • Softbank cuts 30% of Vision Fund staff as it seeks to reduce costs (FT)

  • UK housing market likely to face perfect storm as mortgage rates increases and house prices fall (RT)

  • Google is set to shut down its Stadia cloud gaming service (TI)

Deal Flow

Investments/ M&A

  • Singapore's Asia innovations group plans $2.5 billion SPAC merger (RT)

  • France's Atos denies bid interest valued at $4.1 billion for their Evidian unit (RT)

  • ABB sells its 19.9% venture stake back to Hitachi (RT)

  • Canada's Embridge agrees to purchase Tri Global Energy for $270 million (RT)

VC & Fundraising

  • GV strives to develop a company that can sniff out disease (TC)

  • TripActions reportedly files to go public next year at a $12 billion valuation (TC)

Equity Raises

  • Porche's IPO success proves US listings have been left in the dust (BBG)

  • Start up Eco Detection receives $8 million ahead of IPO (AFR)

  • Core Lithium launches $100 million share placement (AFR)

  • Atlas Arteria's share price falls following a $3.1 billion capital raising (AFR)

Debt Raises

  • Toll Global Express refinances $250 million of debt with Commonwealth Bank of Australia (AFR)

  • Malaysia raises $970 million from first sale of domestic Islamic green bonds (BBG)

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