UK state pension age will soon need to rise to 71

Good Morning,

Lithium stocks leading short bets as earnings season kicks off, Fletcher building shares hit post-Covid low on latest NZICC blowout, KiwiSaver managers continue to dump ‘harmful’ investments, Australian wine exports slump as global consumers drink less, Zelenskiy preparing to replace senior officials amid Ukraine leadership ‘reset’, Australian building giant St Hilliers goes into voluntary administration, Tech company, Yandex NV, agrees $5.2 bln sale of Russian assets to investor Consortium

Let's jump in.

Before The Bell

Markets

• Rio, BHP drag ASX lower, Appen sinks to record low (AFR)

• Lithium stocks leading short bets as earnings season kicks off (AFR)

• Sticky inflation will haunt the RBA (AFR)

• China's tumbling prices push some exporters to the brink (RT)

• Bond Market Rate-Cut Bets Rattled by Powell Pushback (BBG)

Earnings and Data

• Fletcher building shares hit post-Covid low on latest NZICC blowout (NBR)

• Chorus cuts $200m off fibre capex proposal (NBR)

• Australian building giant St Hilliers goes into voluntary administration (9 News)

News Summary

• KiwiSaver managers continue to dump ‘harmful’ investments (NBR)

• Electric vehicle sales nosedive without Clean Car Discount (Stuff)

• ‘Sat bolt upright in bed’: the fear of Christchurch’s forest blaze (Stuff)

• Tribunal throws out tenant’s $107,000 compensation claim (Stuff)

• Queenstown house sellers demand record prices (Stuff)

• ‘Appalling’ death sentence for dissident rocks China-Australia relations (AFR)

• Australian wine exports slump as global consumers drink less (9 News)

• Warning to check for LG solar lithium-ion batteries linked to fires (9 News)

• Centuries-old Sydney all-boys school opens doors to co-ed enrolments (9 News)

• Customers of HSBC bank targeted in new scam (9 News)

• ‘Life-threatening’ storm system batters California, with flooding and high winds (Guardian)

• Zelenskiy preparing to replace senior officials amid Ukraine leadership ‘reset’ (Guardian)

• UK state pension age will soon need to rise to 71 (Guardian)

Deal Flow

Investments / M&A

• Tech company, Yandex NV, agrees $5.2 bln sale of Russian assets to investor Consortium (RT)

• Ventura Bus sells to Singapore investment giant Keppel Infrastructure Trust for $600m (AFR)

• Fat Zebra, which counts Macquarie and Zip among its 30,000 customers, acquires Adatree in bet on Data sharing (AFR)

• Q+A time at Woodside energy and Santos merger; due diligence extended (AFR)

• Buyout giants like KKR, EQT and General Atlantic, eye local dealmakers to bolster Australian portfolios (AFR)

• South Africa's entertainment company, MultiChoice, rejects Vivendi's Canal Plus buyout offer (RT)

Equity Raises

• Oman State Energy Firm, OQ SAOC, Asks Banks to Pitch for IPOs of Two Units (BBG)

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