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PRESS DIGEST-New Zealand newspapers - Sept. 22

Sun Sep 21, 2008 3:52pm EDT

Stocks

   

WELLINGTON, Sept 22 (Reuters) - Following are some of the lead stories from New Zealand metropolitan newspapers on Monday.

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)

Key attacks spend-up pledges to lure voters: National Party leader John Key has warned that there is no room for a lolly scramble this election as the world economy faces uncertain times.

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Report on Peters saga due tomorrow: Parliament's privileges committee will tomorrow table its report into the Winston Peters affair.

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Ray of hope for NZ market: A global sigh of relief may inspire a brighter day on the New Zealand sharemarket today, as a trillion-dollar welfare plan by the United States Government hopes to calm financial markets.

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Jetstar 'could enter domestic market': Qantas (QAN.AX) is considering using its budget arm Jetstar on the New Zealand domestic routes, potentially putting further pressure on rivals Air New Zealand (AIR.NZ) and Pacific Blue (VBA.AX), chief executive-in-waiting Alan Joyce says.

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

$450m housing project crashes: The company developing a $450 million mega-housing project at Orewa has gone into receivership.

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Supreme Court lets Infratil off the hook: The Supreme Court has declined to grant the Commerce Commission leave to appeal against a lower court's finding that Infratil (IFT.NZ) was not liable as an accessory in a bus business takeover case.

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Arch-rival launches fresh attack on Telecom: Just when shareholders thought Telecom (TEL.NZ) had enough on its plate, the former monopoly faces a challenge to its wholesale market.

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