PRESS DIGEST-New Zealand newspapers - May 19
WELLINGTON, May 19 (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)
Super windfall for NZ: Thousands of Kiwis who left behind money in Australian pension funds could be in for a multibillion-dollar windfall from "lost accounts".
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Key delays Auckland Supercity announcement: It will probably be another week before Cabinet decides who will run the Auckland council transition agency, Prime Minister John Key said today.
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Banks' profit margins soar: Bank profit margins have jumped at their fastest pace since records began in the 1990s, as rates for borrowing fell more than for lending by the banks.
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Asset sales likely as Infratil posts loss: Infratil (IFT.NZ) flagged the prospect of more asset sales as it announced a result that was heavily impacted by the falling share prices of Auckland Airport (AIA.NZ) and the ASX-listed Energy Developments.
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Contact seeks year-long delay on wind farm hearing: The board of inquiry considering Contact Energy's (CEN.NZ) proposed NZ$1 billion, 180-turbine Waikato wind farm could take more than a week to decide whether to approve a year-long adjournment to the hearing.
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NEW ZEALAND HERALD (www.nzherald.co.nz)
Hillary dispute: Museum's email slams 'screaming' public: Auckland Museum will not speak further about the Hillary dispute until it can do so "without getting screamed at by the public".
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$60b wiped from house values: The property downturn wiped NZ$60 billion off the value of our national housing stock and NZ$25 billion from Auckland last year, says an industry commentator.
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Key delays naming Super City agency boss: Cabinet concerns about the leadership skills of the proposed chairman have delayed the announcement of the agency to design Auckland's Super City, says Prime Minister John Key.
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Telcos eye radio frequencies to bring fast broadband to mobile phones: Vodafone and Telecom (TEL.NZ) are pressing for the Government to set aside analogue radio frequencies used by television channels to allow ultra-fast broadband for mobile phones.
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NZX unveils one-for-five rights issue in bid to raise NZ$20.55m: Sharemarket operator NZX (NZX.NZ) has released details of the NZ$20.55 million rights issue it intends to use to fund a series of recently announced acquisitions.
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Australians agree to mobile super: Australia has signed a memorandum of understanding with New Zealand to allow for portability of superannuation between the two countries.
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