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PRESS DIGEST-New Zealand newspapers - July 29

Published 29/07/2015, 05:46 am
© Reuters.  PRESS DIGEST-New Zealand newspapers - July 29
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WELLINGTON, July 29 (Reuters) - Following are some of the lead stories from New Zealand metropolitan newspapers on Wednesday.

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)

Retirement villages are booming, but school up before making the move: Retirement villages are booming as the population ages, but there's a lot of work to do schooling up older people, their families and lawyers on how they work.

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More interest rates cuts to come after "relentless" dairy price drops: With the "relentless" falls in global dairy prices, the Reserve Bank is likely to cut official interest rates to 2.5 per cent by October economists say, back to record lows.

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Dairy futures down to US$1500 a tonne range: The dairy futures market is pointing towards a continued slump in prices for next week's global dairy trade auction, as world commodity prices are knocked back and the Chinese sharemarket plunges.

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

Overseas investors tipped to eye Kiwi dairy farms: nternational investors from Europe, the United States and Australia are likely to consider buying more New Zealand dairy farms, says an expert.

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Jetstar regional flights face headwinds - analyst: Macquarie says Jetstar QAN.AX regional operations here will have a big fight on its hands to make money in new analysis which dissects notoriously high fares to provincial cities.

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