NZ WATCH: Generators, Govt Scramble To Plug Supply Gap

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• Australia's City Pacific Drops Breakfree, S8 Merger -2- - MELBOURNE (Dow Jones)--Property financing group City Pacific Ltd. (CIY.AU) said Tuesday it has called off takeover talks with rival tourism apartment operators Breakfree Ltd. (BRK.AU) and S8 Ltd. (SEL.AU).

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• NZ less economically free under Clark Govt - Roundtable boss - New Zealand has become less economically free under Helen Clark's Labour Government, limiting the economy's growth potential and keeping Maori unemployment higher than it should be, Business Roundtable executive director Roger Kerr says.
• Stobo To Advise NZ Govt On Options To Tax Invest Income - WELLINGTON (Dow Jones)--Long-time New Zealand savings industry leader Craig Stobo has been appointed to advise the government on options for reforming the taxation of investment income from both onshore and offshore, Finance Minister Michael Cullen said .

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