PRESS DIGEST-New Zealand newspapers - July 2
WELLINGTON, July 2 (Reuters) - Following are some of the lead stories from New Zealand metropolitan newspapers on Thursday.
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)
Maori eye foreshore compo: Maori are set to negotiate compensation or rights over the foreshore and seabed as one of the most controversial laws passed by the last government faces the axe. - - - -
NZX holding $25m war chest: The Stock Exchange (NZX.NZ) is holding a NZ$25 million war chest as it finalises the sale of its carbon credit trading platform. The exchange announced several months ago it would sell its TZ1 Registry to Markit Group, a British data and financial information firm, in return for shares.
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Reserve Bank 'should control bank credit': The supply of bank credit needs to be controlled by the Reserve Bank, not just interest rates, because the existing monetary policy system has not worked, an economic consultant says. - - - -
SFF asks farmers to dig deeper: New Zealand's biggest meat co-operative, Silver Fern Farms, plans to go to its 20,000 shareholders to raise NZ$80 million plus and will open its farmer share register to other investors. - - - -
Farmers told to adapt to new emissions law: Federated Farmers still wants farm animals "out of the mix" of the emissions trading scheme, even though Agriculture Minister David Carter says the Government will ditch Labour's plan and have an ETS more like Australia's scheme.
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NEW ZEALAND HERALD (www.nzherald.co.nz)
Maori and Crown may share foreshore: Maori tribes may be given legal title to parts of the foreshore and seabed separately or jointly with the Crown if the Government adopts the suggestions of its ministerial review panel.
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Cunliffe hits out over bank inquiry: National, Maori Party and Act members of Parliament's finance and expenditure committee voted against an inquiry into the margins banks are charging on variable rate mortgages and short-term business lending, Labour's David Cunliffe says.
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Fate of new telco hinges on mobile rates: Soon-to-launch mobile phone company 2degrees will struggle to make money unless the call fees charged by its competitors are forced down by the Government, the Commerce Commission says.
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Haier heavyweights on F&P board: The appointment of two senior Haier executives to Fisher & Paykel Appliances' (FPA.NZ) board is seen as evidence of the weight it is putting on the investment.
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