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English hints at wrangling among Solid Energy’s lenders

English hints at wrangling among Solid Energy’s lenders

July 8 (BusinessDesk) – Finance Minister Bill English has indicated that differences among Solid Energy’s banks and other lenders are to blame for the fact there is no sign of a resolution to the troubled state-owned coal miner’s emergency management regime, five months after it...

08 Jul 2013
NZ dollar pares loss after US jobs data stokes prospect of early Fed tapering

NZ dollar pares loss after US jobs data stokes prospect of early Fed tapering

By Paul McBeth July 8 (BusinessDesk) - The New Zealand dollar pared its losses after better than expected jobs growth in the US stoked expectations the Federal Reserve will slow down its money-printing programme as early as September. The kiwi rose to 77.26 US cents at 5pm in...

08 Jul 2013
Christchurch City credit rating cut over consenting debacle

Christchurch City credit rating cut over consenting debacle

July 8 (BusinessDesk) - Christchurch City Council had its credit rating cut one notch and is still on a negative outlook after losing its accreditation to issue building consents. Global rating agency Standard & Poor’s cut the long and short-term ratings to A+/A-1 from AA-/A-1...

08 Jul 2013