
Solid Energy crisis: Govt vows to save it
Solid Energy is in crisis, with a Government bailout almost inevitable, mine closures possible and further job cuts likely in another restructure to try to salvage it.
Solid Energy is in crisis, with a Government bailout almost inevitable, mine closures possible and further job cuts likely in another restructure to try to salvage it.
The New Zealand government had a smaller than expected first-half operating deficit after Treaty of Waitangi settlement costs didn't eventuate in the period.
New Zealand labour costs rose in the final three months of 2012 as the gathering pace of Canterbury's reconstruction effort saw the building and construction sector underpin gains.
A month after releasing new budget forecasts, the New Zealand government is tracking above them.
NZ's highest earners have paid less tax overall since 2001 tax changes that raised the top personal income tax rate.