PRESS DIGEST-New Zealand newspapers - Oct. 10
WELLINGTON, Oct 10 (Reuters) - Following are some of the lead stories from New Zealand metropolitan newspapers on Friday.
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)
Nats' tax policy hits low-income savers: National is courting a tax policy backlash, with KiwiSavers on low incomes set to be worse off by up to $25 a week under its proposals - making the slog of saving for a house deposit or retirement harder.
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Interest rates 'headed for 5.5pc': The Reserve Bank will slash interest rates sharply - by as much as 75 basis points - but not till October 23, standing back from global central bank rate cuts.
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Warehouse Group now up for grabs: The glittering prize of 85 prime retail sites from Kaitiaia to Invercargill could be up for grabs again now that The Warehouse Group (WHS.NZ) has abandoned its foray into fresh food and groceries.
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NEW ZEALAND HERALD (www.nzherald.co.nz)
Unions fear KiwiSaver snag: National's proposed changes to KiwiSaver could give employers an opportunity to cut wage increases and use the money to pay their contributions to the scheme, unions and employment specialists say.
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Warehouse shares leap on bid prospects: Warehouse (WHS.NZ) shares surged yesterday on the prospect of a speedy resumption in takeover activity following the decision to abandon grocery retailing.
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Bollard: We don't need a rate cut yet: The Reserve Bank won't make an early cut to its interest rate, but is taking action to ease movement of money in the financial system.
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Pizza Hut eats into Rest Brands profit: Restaurant Brands (RBD.NZ) has reported a half-year trading profit after tax of NZ$4.6 million - 14.7 per cent down on the previous period.
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