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New Zealand Herald

APN Sale Fails - O'Reilly Forced To Look Elsewhere For Relief

APN Sale Fails - O'Reilly Forced To Look Elsewhere For Relief
Wellington, Jan 27 NZPA - Irish media tycoon Tony O'Reilly has failed to find a buyer for his media assets down under, including the New Zealand Herald newspaper, and is under pressure to offload assets closer to home to ease his empire's debt burden.

SFO Probe Fraud Claims Worth Tens Of Millions Of Dollars

SFO Probe Fraud Claims Worth Tens Of Millions Of Dollars
Auckland, Jan 17 NZPA - Two branches of a home loan company, one in Auckland and one in Lower Hutt, are being investigated by the Serious Fraud Office for alleged mortgage fraud worth tens of millions of dollars.

Raising Drinking Age Back On Government's Agenda

Raising Drinking Age Back On Government's Agenda
Wellington, Jan 8 NZPA - Raising the legal drinking age from 18 to 20 looks likely to be back on the new Government's agenda this year.

Property Lender Stops Debenture Repayments

Property Lender Stops Debenture Repayments
Auckland, Jan 1 NZPA - Property lender Orange Finance has stopped debenture repayments as it faces the prospect of receivership. Sole director Doug Somers-Edgar declined to comment on the company's finances when contacted by NZPA today.

Some KiwiSaver Contributions To Be Taxed

Some KiwiSaver Contributions To Be Taxed
Finance Minister Bill English says no one should be surprised they will be taxed on their KiwiSaver contributions above the minimum 2 percent.

Kirk Will Be Missed At Fairfax New Zealand

Kirk Will Be Missed At Fairfax New Zealand
Wellington, Dec 5 NZPA - Fairfax Media chief executive officer David Kirk will be missed by the New Zealand arm of the business.

Kiwis Still Holed Up In Hotel In Mumbai

Kiwis Still Holed Up In Hotel In Mumbai
Wellington, Nov 28 NZPA - Concerns are held for two New Zealanders who remain holed up in the Oberoi Hotel in besieged Mumbai , Foreign Affairs Minister Murray McCully says.

Legal Claims Could Be Best Hope For Capital+Merchant Investors

Legal Claims Could Be Best Hope For Capital+Merchant Investors
Wellington, Nov 28 NZPA - Investors in failed finance company Capital+Merchant Finance are being told their only chance to get any money back may be in claims against directors and other parties.

Some Fletcher Managers Had Concerns About Formica: Report

Some Fletcher Managers Had Concerns About Formica: Report
Wellington, Nov 27 NZPA - A number of people at Fletcher Building's corporate office in Penrose reportedly opposed the company's $US700 million ($NZ1.3 billion) deal to buy American company Formica Corporation.

Rarotonga Set To Pay Towards Continuation Of AirNZ Link To USA

Rarotonga Set To Pay Towards Continuation Of AirNZ Link To USA
Wellington, Nov 25 NZPA - The Cook Islands Government looks set to pay an increased amount of up to $5 million a year to support the direct weekly Air New Zealand flights to Los Angeles from Rarotonga.

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