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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...
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...
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...