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Solid Energy in talks with banks as finances deteriorate
Feb. 21 (BusinessDesk) - Solid Energy, the state-owned coal miner whose chief executive quit this month, is in talks with its banks because of its deteriorating financial position. The coal miner, which is carrying some $389 million of debt, is heading for a “significant” first...
CORRECT AMP's New Zealand FY profit flat, plans to ditch Axa brand in March
(Fixes wrong retail and KiwiSaver funds under management in 5th graph) By Paul McBeth Feb. 21 (BusinessDesk) - AMP's financial services unit in New Zealand reported flat annual earnings as rising insurance claims offset gains in its wealth management businesses. The local unit...
Ericsson to open manufacturing plant in Wellington
Feb. 21 (BusinessDesk) - Swedish telecommunications giant Ericsson is to open a new manufacturing facility in Wellington, helping to offset a wave of job losses announced for the capital in recent weeks. The firm, which is a supplier to the government-backed ultra-fast broadband...
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