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PRESS DIGEST-New Zealand newspapers - Aug 28

Wed Aug 27, 2008 3:58pm EDT

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WELLINGTON, Aug 28 (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)

Peters hanging on by a thread: Prime Minister Helen Clark faces mounting pressure to head to the polls early as Foreign Affairs Minister Winston Peters' political survival hangs by a thread.

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Police want Tasers and guns: Police have welcomed a decision to adopt Tasers, but want assurances they will still have firearms. - - - -

NZ$3m flood bill expected in Canterbury: Flood damage to North Canterbury roads and bridges in the past month is expected to cost NZ$3 million. - - - -

Vector keen to build fibre-optic network: Vector (VCT.NZ) says it has the capability and scale to build a NZ$1 billion-plus fibre-optic network covering the Auckland region.

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

Nats divorce Peters: National Party leader John Key has effectively ruled out having New Zealand First leader and Foreign Minister Winston Peters as a minister in any government he leads and called on Helen Clark to stand him down from her Cabinet.

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New poll shows gap is closing: National is shedding support to chief rival Labour as the election nears, but it still has enough backing to govern the country alone in the latest Herald-DigiPoll survey.

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GPG is not done yet, Sir Ron says: While the future of his NZ$4 billion investment company may now be uncertain after he announced plans to retire in 2010, Guinness Peat Group chairman Sir Ron Brierley says the company is cashed up and still looking to do deals.

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Uncertainty is hurting us, says Vector: Regulatory uncertainty means energy network company Vector (VCT.NZ) pays a premium for credit, the company says.

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