Skycity sued for money laundering

Good Morning,

Summary of News

Year's gains lost in single day: NZX, ASX closes lower; CSL sinks, JB Hi-Fi leads retailers higher, Fletcher continues the bad news, Hawkers craft beer enters voluntary administration, Kiwi giant Trade Me in bankers’ pitch books, Super Bowl 2024: Chiefs stun 49ers in overtime for second straight NFL title, Oil begins week lower after Israel says 'concluded' Gaza strikes

Let's jump in.

Before The Bell

Markets

• Year's gains lost in single day: NZX (GR)

• A$ slumps to eight-month low against NZD on rate rise bets (AFR)

• ASX closes lower; CSL sinks, JB Hi-Fi leads retailers higher (AFR)

• Oil begins week lower after Israel says 'concluded' Gaza strikes (RT)

Earnings and Data

• Synlait guides HY loss; Fonterra upgrades milk price forecast (NBR)

• T&G annual loss could double initial estimates due to Cyclone Gabriel (NBR)

News Summary

• Fletcher continues the bad news (NBR)

• Christopher Luxon queried about David Seymour (Stuff)

• Train cancellations in Auckland as track temperatures soar to 48C (Stuff)

• Lobbyists are back at the Beehive (Stuff)

• Deep sea mining to New Zealand? (Stuff)

• Department of Internal Affairs sues SkyCity over alleged money laundering offences (NBR)

• Anzac-class in the firing line as Australia plans navy overhaul (AFR)

• Credit cards bridging financial gaps for millions of Aussies (9 News)

• Extreme temperatures forecast for southern parts of Australia (9 News)

• Hawkers craft beer enters voluntary administration (9 News)

• Energy giant Santos expands nine-day fortnight program for workers (9 News)

• Super Bowl 2024: Chiefs stun 49ers in overtime for second straight NFL title (Guardian)

• US defense secretary Lloyd Austin transfers duties to deputy after being hospitalised (Guardian)

• Protests take place across Pakistan amid election vote-rigging allegations (Guardian)

Deal Flow

Investments / M&A

• Believe founder offers to buy music label in €1.46 Billion Privatization Deal (BBG)

• Britain's Tritax Big Box agrees on possible US$1.17 bln offer for rival UK Commercial Property REIT Ltd (RT)

• Commodities trader Vitol Group buys key stake in refiner Saras SPA, from Italian Billionaire Moratti. Valuing Saras SPA at €1.7 billion (BBG)

• Novo Nordisk's controlling shareholder plans to invest up to $7 bln a year by 2030 (RT)

• Investment banks circle sinking APM Human Services International (AFR)

• Kiwi giant Trade Me in bankers’ pitch books (AFR)

VC & Fundraising

• Kenya’s Ilara Health gets $4.2M debt-equity in a pre-Series A round to expand clinic-support services (TC)

• Peak XV who split from Sequoia Capital takes startups on a Silicon Valley trip in AI push (TC)

Daily Picks

• Colleagues offer support to Ex-MP Joyce after bizarre late-night video (9 News)

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