PRESS DIGEST-New Zealand newspapers - March 31
WELLINGTON, March 31 (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)
Minister put on final warning: Internal Affairs Minister Richard Worth is on a final warning from Prime Minister John Key after embarrassing questions over a private trip to India forced Dr Worth to resign his Indian business interests.
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Sky firm about Prime's future: Sky Television (SKT.NZ) is showing no sign of buckling to pressure from the Government to make the Prime network available on the Freeview free-to-air digital platform. - - - -
Jetstar moves to friendlier schedule: Thousands of Jetstar passengers will have their domestic flight times changed in a revamp of the budget airline's schedule just two weeks after it makes its first flight. - - - -
Russian ownership likely: A Russian-owned group hopes to raise its stake in Waimate-based New Zealand Dairies to 100 per cent but says further capital investment in the Studholme dairy factory is on hold due to the global downturn.
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Building decline levels off: Home building is levelling off after a big drop but any upswing may still be months away, analysts say. - - - -
NEW ZEALAND HERALD (www.nzherald.co.nz)
NZ firm accused of $71m scam: A New Zealand registered company is being accused of fleecing 200 American investors of US$40 million ($71.2 million).
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Wage packets fatter from tomorrow: About 1.4 million New Zealanders will get extra cash from tomorrow when the tax cuts come into effect - a package the Prime Minister says is "focused fairly and squarely on middle New Zealanders".
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Overseas traders say kiwi dollar ready to fly: Overseas currency traders are tipping the New Zealand and Australian dollars to surge by more than 10 per cent in the next few months, buoyed by a rise in commodity spending as central banks print unprecedented amounts of cash to rescue their economies.
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Turbulent times force rethink at airport: Auckland Airport (AIA.NZ) faces uncertainty over a portion of its revenue as airlines battle to maintain some long-haul services.
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Inquiry likely on roaming charges: The Commerce Commission has indicated it plans to push ahead with an inquiry into mobile roaming charges.
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Two AXA funds to be wound up: Two AXA mortgage funds frozen last year will be closed and it is hoped their 6000 investors, mostly BNZ wealth management clients, will be repaid their $212 million in full over the next four to five years, AXA and BNZ say.
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