A "sticky situation"

Author

Kayleigh Zussino
July 29, 2025

Good Morning,

Orange weather warnings issued around the country. Me Today’s King Honey folds. Ban on PayWave surcharge could shift costs to shoppers. Trump announces outline of EU trade deal imposing 15% tariffs, Cambodia and Thailand begin peace talks as fighting continues. England’s ultimate team performance against Spain at St Jakob-Park. Elon Musk confirms Tesla has signed a $16.5 billion chip contract with Samsung Electronics.

Let's jump in.

Before The Bell

Markets

  • ASX is on the rise; US-EU trade deal to extend tariff truce with China (AFR).

  • US trade agreement with EU, with an imposed 15% import tariff on (most) EU goods (RT).

  • VanEck announce first Bitcoin forecast. The cryptocurrency could hit US$180,000 by end of year (AFR).

News Summary

  • King honey, a New Zealand owned Manuka honey brand, has been moved into liquidation (NBR).

  • From mid-2026, NZ government will scrap in-store surcharges for Visa and Mastercard payments, shifting the cost to small businesses (Stuff).

  • Orange weather warnings issued around the country (Stuff).

  • Matt Wright, Outback Wrangler star, pleads ‘not guilty’ to charges of attempts to pervert the course of justice over 3 years after helicopter crash killed his co-star (Guardian)

  • Cambodia Prime Minister calling for immediate ceasefire with Thailand. Peace negotiations underway in Malaysia (BBC).

  • At least six people killed in a Bangkok market after shooting incident, including four security guards and the gunman (RT).

  • Tesla sign $US16.5 billion chip contract with Samsung (CNBC).

  • Trump states the 15% reduced tariffs for EU goods entering the US will be “great for cars” (CNBC).

  • EURO 2025 win for Lionesses, England’s ultimate victory against Spain at St Jakob- Park (Guardian).

Deal Flow

Investments / M&A

  • Clean Energy Finance Corporation investments hit a record high $4.7b, set to increase again if commitment is made for construction of the Marinus Link between Victoria and Tasmania (AFR).

  • $150M solar deal for Kenya financed by private investors, brings hope for sub-Saharan Africa (CNBC).

  • ASX 100 investors bracing for a week of corporate earnings as quarterly inflation report risks triggering a sell-off in the share market (AFR).

Equity Raises

  • LHC Capital Hedge fund made 14% return in the last three months, kept up by strong rebound in stock bets (AFR).  

Daily Picks

  • New data has found that compared to June last year, there were 27,580 fewer jobs this year in New Zealand (Stuff)

  • Tuesday’s (29/07/2025) meteor shower! How to watch, and what to expect (1News)

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