PRESS DIGEST-New Zealand newspapers - Dec 11

WELLINGTON Mon Dec 10, 2012 1:39pm EST

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WELLINGTON Dec 11 (Reuters) - Following are some of the lead stories from New Zealand metropolitan newspapers on Tuesday.

Stories may be taken from either the paper or Internet editions of the papers.

Reuters has not verified these stories and does not vouch for their accuracy.

DOMINION POST(www.stuff.co.nz)

Property price hits high: The residential property boom gathered steam last month, with the Real Estate Institute's median selling price hitting an all-time high.

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Court extends asset-freezing orders: An order freezing the assets of suspected Ponzi scheme operator David Ross will continue until February, as he moves to sell goods to cover his household bills.

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Warehouse moves into 'cut-throat' market: The Warehouse Group will boost its shaky brand power with the purchase of Noel Leeming Group, but it is joining a cut-throat, margin-choking market, analysts warn.

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Online auction site fails to take off: Temuka's Daniel Manson envisioned he would be the owner of a successful business when he bought an auction website, AuctionMe, in 2004, but it remains static.

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Events boost Wellington's tourism economy: Hosting entertainment and industry events helped boost Wellington's tourism economy during November, attracting visitors to lift weekend hotel bookings almost 13 per cent.

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NEW ZEALAND HERALD (www.nzherald.co.nz)

NZ firms pick dollar to peak above US86c: Kiwi businesses expect the New Zealand dollar to peak against the US dollar in June next year at US86.2c, according to ASB's kiwi dollar barometer.

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Tree removal easier under new law: The Government's moves to permanently abolish tree protection rules for those not already named on district plans will be further strengthened by a proposed law change, an expert says.

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Seismic rules tipped to boost building work: Auckland builder George Levick expects tougher new seismic standards to be a big boost to the construction sector.

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Fonterra boosts forecast payout: Fonterra has revised its forecast payout range for the 2012/13 season to $5.90-$6 per kg of milksolids, up 25c per kg compared with the previous forecast, reflecting a recovery in dairy prices that has taken place since May.

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Telecom fixes mobile roaming rate: New Zealanders travelling overseas can now pay a flat daily fee for browsing the internet, checking emails or logging onto Facebook on their smartphones.

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