Duo Deputies: Seymour and Peters to share Deputy PM role

Good Morning,

Seymour and Peters to share Deputy PM role, the World Health Organisation asks China for more information about rise in illnesses and pneumonia clusters, King Charles secretly profiting from the assets of dead citizens, Amazon protests in Europe target warehouses, Elon Musk calls strikes ‘insane’ as Swedish workers take on Tesla, and Israel and Hamas started a four-day ceasefire.

Let's jump in.

Before The Bell

Markets

• The S&P/NZX 50 Index moved into positive territory after the policy changes and ministerial appointments were announced. (Herald)

• Trading was subdued with Wall Street closed for Thanksgiving as US futures traded higher. (AFR)

• Asian shares were dragged lower by losses in China on Friday and in the absence of guidance from Wall Street, which was closed for the Thanksgiving holiday, while the dollar stayed on the back foot and Treasury yields climbed a touch. (RT)

News Summary

• Seymour and Peters to share Deputy PM role. (NBR)

• WHO asks China for more information about rise in illnesses and pneumonia clusters. (Stuff)

• Wānaka residents are objecting to an application for a 24-hour McDonald's, saying it would go against the town's core community values. (RNZ)

• More than 70 anonymous bomb threat emails have been sent to schools, hospitals, courthouses and places of worship since Thursday morning. (Stuff)

• The Warehouse has called itself a small player that needs the Government's help to make a dent in the grocery scene. (NBR)

• Assets of thousands of people in north-west England used to upgrade king’s property empire via archaic custom. (Guardian)

• Incoming NZ coalition targets central bank reform. (AFR)

• African Union and Caricom members establish global reparations fund and call for formal apologies from European nations. (Guardian)

• Amazon protests in Europe target warehouses. (RT)

• Elon Musk calls strikes ‘insane’ as Swedish workers take on Tesla. (Guardian)

• Israel and Hamas started a four-day ceasefire on Friday. (RT)

Deal Flow

Investments / M&A

• Family-owned KEE Group, a prominent Western Australia road maintenance firm, has drafted in Azure Capital to help find a cashed-up capital partner to fuel its growth ambitions. The owners have been working with Azure to prepare a sale process, hoping to capitalise on big spending in the resources sector and on the state’s infrastructure projects. (AFR)

VC & Fundraising

• Los Angeles-based private equity firm Platinum Equity, fresh from its acquisition of Jeld-Wen Australasia, is actively seeking investors for its A$12 billion buyout fund, Fund VI. The firm has enlisted the services of Sydney's Whiteoak to secure commitments, with a focus on mid-market assets and a fundraising target set to conclude by mid-December. (AFR)

• Earlywork, an online careers platform that began to help laid off tech start-up workers find new roles, has closed a A$1.5 million seed funding round, after expanding its services into professional training. (AFR)

Debt

• China's Zhongzhi Enterprise Group, a leading wealth manager, told investors it is heavily insolvent with up to US$64 billion in liabilities, threatening to reignite concerns that the country's property debt crisis is spilling over into the broader financial sector. (RT)

Daily Picks

• Olympian turned convicted killer Oscar Pistorius up for parole. (9News)

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