• The Daily Deck
  • Posts
  • Renewables overtake fossil fuels to provide 30% of EU electricity.

Renewables overtake fossil fuels to provide 30% of EU electricity.

July 31, 2024

Good Morning,

Standard Chartered Posts Lower Profit, Announces $1.5 Billion Share Buyback, Donald Trump promised to be a “pro-Bitcoin president” if elected in November, and Harris Puts Abortion at Center of her Campaign.

Let's jump in.

Before The Bell

Markets

  • Donald Trump, once a cryptocurrency sceptic, promised to be a “pro-Bitcoin president” if elected in November and that he would sack a key figure perceived to be holding crypto back on his first day in office. (NCA).

  • Oil slips, Asia stocks dip ahead of Fed, BOJ. (Reuters).

  • Singapore’s state-owned Temasek Holdings Ltd., plans to invest $30 billion in the US market over the next five years as the firm remains cautious on putting money into China. (BBG).

Earnings and Data

  • Chinese brands captured 11% of the European electric-car market in June, notching record registrations as manufacturers raced to beat stiff European Union tariffs that took effect early this month. (BBG).

  • Samsung Begins Closing Gap in Making AI Memory Chips for Nvidia. (BBG). 

  • Vital Energy, Northern Oil and Gas buy Point Energy shale assets for $1.1 billion. (Reuters).

News Summary

  • One of the country’s top corporate communications, public relations and lobbying firms, SenateSHJ, is closing its New Zealand operation. (Herald).

  • Police officers first on the scene of an apparent suicide in Auckland’s Remuera immediately had suspicions. (Stuff).

  • Family of 6yo Auckland boy with incurable brain cancer fundraising to take him to Bluey’s World. (Herald).

  • The men's Olympic triathlon has been postponed due to poor water quality in the Seine River before it was set to begin. (1 News).

  • Police are confident they have found the remains of missing Christchurch real estate agent Yanfei Bao. (Herald).

  • A 14-year-old was driving on the wrong side of the road at 150kph in an attempt to kill himself when he crashed head-on into another motorist, killing the driver. (Stuff).

  • Health Minister says New Zealand is not the only place struggling with its health workforce, after a person went into cardiac arrest at a Hospital last week with no doctor to attend to them. (1 News).

  • At least one person died on Monday in Venezuela as security forces tried to break up protests triggered by a hotly disputed election result that gave Venezuelan President Nicolas Maduro a third term in power, an NGO said. (NCA).

  • Friends and family of a rapper alleged to be a senior figure of the Alameddine crime syndicate have put up $1.8 million to help secure the accused gangster's freedom. (9 News).

  • A serial sex offender who was involved in abducting, raping, and murdering bank teller Janine Balding has been jailed again after he viewed violent child abuse material. (NCA).

  • Two children have been killed and nine injured, six critically, in a "ferocious" knife attack at a children's dance workshop. (BBC).

  • Joe Biden has criticised the "extreme opinions" of the Supreme court as he proposed sweeping reforms including the removal of life appointments. (BBC).

  • Republican presidential candidate Donald Trump has defended Senator JD Vance’s past comments about “childless cat ladies”, saying that Vance was simply trying to show how much he values family life. (Guardian).

  • McDonald’s executives acknowledged during an earnings call Monday that diners consider the company’s prices too high, and said they are taking a “forensic approach” to evaluating prices. (CNBC).

  • Wind turbines and solar panels have overtaken fossil fuels to generate 30% of the European Union’s electricity in the first half of the year, a report has found. (Guardian).

  • Apple said in a technical paper on Monday that the two AI models underpinning Apple Intelligence, its AI system, were pre-trained on Google-designed chips in the cloud. (CNBC).

  • Harris Puts Abortion at Center of her Campaign. (WSJ).

Deal Flow

Investments / M&A

  • Irish merger and acquisition activity down 20% as uncertainty bites. (IT).

  • BHP, Lundin to Jointly Acquire Canada’s Filo for $2.96 Billion. (WSJ).

Equity Raises

  • Ola Electric to raise $734 mln in India's biggest IPO this year. (Reuters).

  • 99 Speed Mart eyes Sept market debut as Malaysia's biggest IPO in 7 years, sources say. (Reuters).

Debt

  • The US national debt passing $35 trillion comes months after the $34 trillion mark was reached in January 2024. (Fox).

  • Standard Chartered Posts Lower Profit, Announces $1.5 Billion Share Buyback. (WSJ).

Daily Picks

  • McDonald’s executives acknowledged during an earnings call Monday that diners consider the company’s prices too high, and said they are taking a “forensic approach” to evaluating prices. (CNBC).

  • A serial sex offender who was involved in abducting, raping, and murdering bank teller Janine Balding has been jailed again after he viewed violent child abuse material. (NCA).

The Daily Deck is sponsored by Industrial Equity, LLC

Reply

or to participate.