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PRESS DIGEST-New Zealand newspapers - Oct 27

Mon Oct 26, 2009 2:50pm EDT

Stocks

   

WELLINGTON, Oct 27 (Reuters) - Following are some of the lead stories from New Zealand metropolitan newspapers on Tuesday.

Non-Cyclical Consumer Goods

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)

NZ$42m to prepare for the big one: Wellington ratepayers face a NZ$42million bill to bring the city's earthquake-vulnerable buildings up to scratch over the next decade. - - - -

PM hails signing of Malaysian deal: Prime Minister John Key has welcomed the signing of a new trade deal with Malaysia as a significant step in relations with Southeast Asia.

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Higher interest rates 'on the way': Consumer spending is set to return with "some vigour" by the middle of next year, but the Reserve Bank will also start hiking interest rates fast from April, according to Infometrics. - - - -

PGGW head talks up Agria deal: PGG Wrightson's (PGW.NZ) New Zealand and South American seeds businesses will benefit hugely from scientific expertise made available through Agria Corp, claims PGGW's Tim Miles. - - - -

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

PM: Trade deal big step for economy: John Key says the signing of a free trade deal with Malaysia is another vital move towards a "step change" for the New Zealand economy.

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Levies may push up fares: Jetstar: Jetstar warns it could have to push up fares if it is hit with New Zealand safety levies it says it already pays in Australia.

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Governor tipped to raise rate sooner: The Reserve Bank is expected to signal on Thursday an earlier start to interest-rate tightening than the "latter part of 2010" which has been its mantra since May.

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Time called on Lion Nathan stock listing: Tomorrow marks the end of the line for one of New Zealand's oldest and once most powerful companies, Lion Nathan (LNN.NZ), as a sharemarket entity whose controversial history helped shape today's Takeovers Code.

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