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- Prime Minister Christopher Luxon today says it "always pays to be incredibly simple" when communicating with Australians.
Prime Minister Christopher Luxon today says it "always pays to be incredibly simple" when communicating with Australians.
Good Morning,
Americans continue to rack up credit card debt, hitting a record $1.14 trillion, Reddit said Tuesday in a statement that current-quarter sales will be $290 million to $310 million, and Keir Starmer promises to protect communities amid fears of further riots.
Let's jump in.
Before The Bell
Markets
China's imports resume growth but tamer exports raise outlook concerns. (Reuters).
Goldman Sachs Group Inc. Chief Executive Officer David Solomon predicted the Federal Reserve will avoid taking emergency steps to lower borrowing costs as he sees the US economy skirting a recession. (BBG).
Volatile markets test Kishida's push to make Japan a nation of investors. (Reuters).
Earnings and Data
Novo Nordisk on Wednesday said its net profit came in at 20.05 billion Danish kroner ($2.93 billion) in the second quarter of 2024, below forecasts. (CNBC).
SoftBank Unveils $3.4 Billion Buyback After Elliott Builds Stake. (BBG).
Reddit said Tuesday in a statement that current-quarter sales will be $290 million to $310 million. (BBG).
News Summary
The husband of a mum-of-eight found dead in “unexplained” circumstances on a Northland beach says he is not responsible for her death. (Herald).
264 bidders, $22m in house sales - South Auckland mega auction ‘chocka all day’. (One Roof).
A driver who evaded police while his 12-year-old son called his mother to say he was scared has been given the opportunity to get his driver’s licence back. (Stuff).
Around 40,000 McDonald’s staff are likely to be compensated, as the fast-food chain corrects a widespread payroll issue dating back 15 years. (Herald).
About 2000 parcels have been destroyed after an NZ Post truck caught fire last week. (Stuff).
Prime Minister Christopher Luxon today says it "always pays to be incredibly simple" when communicating with Australians. (1 News).
The most inexpensive new car currently on the market in New Zealand has been quietly dropped by its brand, in turn eliminating yet another affordably priced hatchback from the new-vehicle landscape. (Stuff).
Big changes are coming soon for Auckland's local alcohol policy, including stricter trading hours and a two-year freeze on new liquor licenses in some areas. (1 News).
A 93-year-old driver has ploughed into a church foyer south of Adelaide, with the pastor claiming it was a miracle no one was injured. (9 News).
A female teacher has been arrested at a school in Sydney’s southwest after allegedly groping and sexually abusing a teenage student. (NCA).
Harris and Walz hold first rally together as new Democratic ticket. (BBC).
Keir Starmer promises to protect communities amid fears of further riots. (Guardian).
An Australian man is set to appear in court on Wednesday after being arrested for the alleged theft of more than A$600,000 ($393,000) worth of commemorative coins linked to the popular children's television show "Bluey", police said. (Reuters).
Deal Flow
Investments / M&A
Advertising group WPP is nearing a deal to sell its controlling stake in financial communications company FGS Global to private equity group KKR for about $800mn. (Financial Times).
Roche considers options for $1.9bn cancer data start-up
And examines options for Flatiron Health after acquisition has disappointed. (Financial Times).
Equity Raises
Mexico fintech startup Stori closed a new funding round worth $212 million, in a mix of equity and debt financing that includes Goldman Sachs Group Inc. to boost investments and expansion to other markets. (BBG).
Debt
Daily Picks
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