Glencore’s Billionaire Ex-Oil Head Charged With Corruption

Good Morning,

India's $45 Billion Startup Implosion Puts Tech Future in Doubt, Bank of England cuts rates from 16-year high, 'careful' on future moves, Fears more job cuts on the way for TVNZ as broadcaster aims to find $30m, Samsung Joins Funding for AI Security Startup Valued at $400 Million and PwC clears itself of misleading ATO on FIRB application.

Let's jump in.

Before The Bell

Markets

• ASX to rise, Nvidia surges higher, Fed holds (AFR)

Earnings and Data

• NYSE-parent ICE beats profit views, helped by boost in energy trading (RT)

News Summary

• Fears more job cuts on the way for TVNZ as broadcaster aims to find $30m (Stuff)

• Microsoft services go offline for thousands around New Zealand (Stuff)

• ANZ Bank drops some home loan and business interest rates (Stuff)

• Paris Olympics: Black Sticks miss knockout stage after fourth consecutive loss (Stuff)

• PwC clears itself of misleading ATO on FIRB application (AFR)

• Pinnacle funds under management hits record $110b (AFR)

• Iran Buries Senior Hamas Official as Israel Braces For Revenge (BBG)

• US Reporter to Be Freed by Russia in Major Prisoner Swap (BBG)

• India's $45 Billion Startup Implosion Puts Tech Future in Doubt (BBG)

• Glencore’s Billionaire Ex-Oil Head Charged With Corruption (BBG)

• Gildan Spent $77 Million on Proxy Fight Over Who Should Be CEO (BBG)

• Montenegro Court Paves Way for Do Kwon’s Extradition to S. Korea (BBG)

• Bank of England cuts rates from 16-year high, 'careful' on future moves (RT)

• Credit ratings were meant to help sub-Saharan countries tap global investors to fund much-needed development. But low scores, heavy borrowing and bad luck have left many struggling with crushing bond debt (RT)

Deal Flow

Investments / M&A

• Genesis remains defiant on blocking Crescent’s Pacific Smiles bid (AFR)

• AI Chipmaker Cerebras Systems Files Confidentially for US IPO (BBG)

• Brookfield Agrees to Buy NVent’s Cable Unit for $1.7 Billion (BBG)

• Altice Sells Teads to Outbrain in $1 Billion Ad Tech Deal (BBG)

• Barclays announces $960 mln buyback, lifts outlook as investment bank shines (RT)

• EU approves Hewlett Packard Enterprise's $14 bln Juniper deal (RT)

VC & Fundraising

• Samsung Joins Funding for AI Security Startup Valued at $400 Million (BBG)

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