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ANZ Falls 5.6% as Hedge Funds Bet Against Big Four Banks, June 14
ANZ down 5.6% YTD as hedge funds double shorts to $10.9B. Citi cuts profit forecasts on slowing home loan growth and rising rates.
Paramount Wins DOJ Approval for $111B Warner Bros. Merger, June 14
Justice Department approves Paramount’s acquisition of Warner Bros. Discovery, combining HBO, CNN, CBS, and Paramount+ into one entertainment giant.
Airbus A350 Marks 13 Years as Airlines Expand Fleet Deployment
Airbus A350 marks 13 years in service with Japan Airlines expanding long-haul fleet deployment amid growing international travel demand.
ComfortDelGro Stock Flat as Robotaxi Push Gains Traction, June 14
ComfortDelGro stock at S$1.29 targets China and Singapore robotaxi markets. Meyka rates it B with S$1.52 price target.
Westpac Falls 2.6% as Mortgage Applications Drop 10%, June 14
Westpac stock fell 2.6% after mortgage applications dropped 10%. Meyka rates WBC.AX B+ with A$46.03 target, indicating limited downside from A$35.00.
Hong Kong Hospitality Sector Expands as Legal Framework Supports Business Growth, June 14
Hong Kong hospitality sector gains momentum as legal professionals unite with mainland peers to support global business expansion.
Canada Launches $3.2B Food Strategy to Lower Grocery Prices, June 13
Canada’s $3.2B food strategy lowers grocery prices through food hubs, competition enforcement, and domestic production support.
India Raises Onion Procurement Price to Rs 16.50/kg, June 14
India raises onion procurement price to Rs 16.50/kg under buffer stock programme. Farmers demand higher rates citing input costs.
SpaceX IPO Soars 19% to $161, Musk Becomes First Trillionaire, June 14
SpaceX IPO raises record $75B at $135/share. Stock debuts at $161, up 19%. Musk becomes world’s first trillionaire.