News in Brief

News in Brief
SkyCity's online Malta business moves into the black
News in Brief

SkyCity's online Malta business moves into the black

SkyCity Entertainment Group's online casino based in Malta produced operating profits in April and May and is expected to become a "meaningful" business in the 2021 financial year.In documentation accompanying SkyCity's announcement of it raising $230 million of fresh equ...

Staff reporters 17 Jun 2020
Abano confirms new takeover bid; mulls capital raising
News in Brief

Abano confirms new takeover bid; mulls capital raising

Abano Healthcare confirmed media reports that BGH Capital and the Ontario Teachers’ Pension Plan have made two new takeover bids at $3 and $3.25 per share.The dental clinic operator said any offer needs to reflect the firm’s underlying value and provide shareholders certainty, no...

Staff reporters 17 Jun 2020
NZ-UK formally kick of free trade talks
News in Brief

NZ-UK formally kick of free trade talks

New Zealand and the UK formally launched free trade negotiations with the first round expected to take place by video conference from mid-July.“As the UK embarks on its next steps post-Brexit, New Zealand is pleased to be among the first countries to negotiate a trade agreement w...

Staff reporters 17 Jun 2020
Current account deficit narrows as expected
News in Brief

Current account deficit narrows as expected

The annual current account deficit narrowed to $8.5 billion, or 2.7 percent of GDP, in the March quarter, meeting economists’ expectations. That compared to a deficit of $9.3 billion, or 3 percent of GDP, in the December period. An increase in exported goods underpinned the small...

17 Jun 2020