- The Daily Deck
- Posts
- People are leaving New Zealand in record numbers
People are leaving New Zealand in record numbers
Good Morning,
Botox rival Revance to go private in $924 million deal, The number of claims made by banks and landlords to repossess homes in England and Wales has reached the highest level in five years, and Franklins European Bathrooms liquidation: Westpac among creditors owed $31.2m – what happens next?
Let's jump in.
Before The Bell
Markets
People are leaving New Zealand in record numbers as unemployment rises, interest rates remain high and economic growth is anaemic, government statistics show. (Reuters).
Chinese authorities are going to extraordinary lengths to tighten their grip on the world’s third-largest government bond market. (BBG).
Japanese shares returned from a holiday with a bang on Tuesday, erasing all of last weeks losses as a stable yen provided relief to wary investors. (Reuters).
UK unemployment unexpectedly fell after companies stepped up hiring, a sign of underlying strength in the UK economy that complicates the Bank of England’s shift toward lower interest rates. (BBG).
Earnings and Data
News Summary
Auckland drug dealer Po-Chen Chien found with meth, ephedrine, guns and $1 million in cash. (Herald).
Franklins European Bathrooms liquidation: Westpac among creditors owed $31.2m – what happens next? (Herald).
Wellington Girls' College says the Ministry of Education is proposing a building project that is a waste of taxpayers' money. (Stuff).
The discovery of the body of young Khyzah has sent shockwaves through the rural community of Tiniroto. (Herald).
Oranga Tamariki has been forced to apologise to an Auckland counselling provider that had its contract discontinued with four hours’ notice earlier this year. (Stuff).
The Government has announced new sanctions under a "traffic light system" for beneficiaries who don't fulfill their obligations. (1 News).
The pilot of a helicopter that crashed into a Cairns hotel had been celebrating their last day at work with colleagues hours before the horror incident. (NCA).
A man who went on a spending spree with more than $6 million that was mistakenly transferred into his bank account has been jailed for three years. (9 News).
Elon Musk's much-anticipated discussion with Republican presidential candidate Donald Trump on the billionaire’s platform X was marred by technical issues. (BBC).
The United States has confirmed it will resume sales of offensive weapons to Saudi Arabia, as concerns over human rights in the kingdom’s Yemen war give way to US hopes for it to play a role in resolving the conflict in Gaza. (Guardian).
Ukraine's top commander has said Kyiv's forces control 1,000 sq km of Russian territory as they press their biggest cross-border incursion in two-and-a-half years of full-scale war. (BBC).
Deal Flow
Investments / M&A
Scotiabank is buying a 14.9% stake in American regional lender KeyCorp or $2.8 billion, as the Canadian bank taps into the stressed regional U.S. banking sector for growth outside its saturated home market. (Reuters).
Baby products retailer’s Brainbees listing is third-largest this year, IPO comes amid rush of companies going public in India. (BBG).
Botox rival Revance to go private in $924 million deal. (Reuters).
Equity Raises
Wealthtech startup Infinyte Club raises $3.6 million in funding round led by Elevation Capital. (TET).
Debt
The number of claims made by banks and landlords to repossess homes in England and Wales has reached the highest level in five years as households struggle with higher borrowing costs. (Guardian).
Franklins European Bathrooms liquidation: Westpac among creditors owed $31.2m – what happens next? (Herald).
Daily Picks
Elon Musk's much-anticipated discussion with Republican presidential candidate Donald Trump on the billionaire’s platform X was marred by technical issues. (BBC).
The Daily Deck is sponsored by Industrial Equity, LLC
Reply