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work from home online Z Energy and Norske Skog, which operates a paper mill at Kawerau, are seeking majority government funding for a proposed $50 million demonstration plant to turn wood waste into transport fuels. Z chief executive Mike Bennetts announced the plan at a conference in Wellington, at the same time as revealing the 100 percent New Zealand-owned fuel …

Fund manager AMP Capital, which manages $16 billion, expects a string of investment opportunities on the New Zealand sharemarket will suck up to $2 billion in new funds from investors this year, reversing the trend of the last decade. Head of equities Guy Elliffe told a client presentation in Wellington that the local stock exchange faces a “materially” busier year …

Goodman Fielder, the biggest food company in Australia and New Zealand, said first-half earnings more than doubled on gains from asset sales while revenue fell with the rise of supermarket inhouse baking and grocery brands. Profit rose to A$51 million, or 2.6 cents a share, in the six months ended Dec. 31, from $21.5 million, or 1.4 cents, a year …

Shares of Rakon tumbled about 24 percent to a record low after the former local tech darling cut its annual earnings guidance for the second time since December, blaming increasing price competition in the smart device market. best part time jobs The stock fell 9 cents to 29 cents, slicing about $17 million off its market value to $55.4 million. …

ASB Bank, the local unit of Commonwealth Bank of Australia, posted a 7 percent gain in first-half cash profit on increased mortgage and business lending saw growth in interest income outpace operating expenses. Cash profit, which excludes some one-time items, rose to $348 million in the six months ended Dec. 31 from $324 million a year earlier, according to the …

SkyCity Entertainment Group, the casino and hotel company, said first-half profit fell 16 percent on a lower win rate for its international business and year-earlier Rugby World Cup benefits that weren’t repeated. Net profit fell to $66.3 million, or 11.5 cents a share, in the six months ended Dec. 31, from $78.8 million, or 13.7 cents a share, a year …

ASX-listed Raisama Energy has backed out of its 10 percent interest in the Kakapo oil and gas prospect in Taranaki, preferring opportunities in Asia instead. The Perth-based company said it has written to partner NZOG Developments, a subsidiary of New Zealand Oil & Gas, and won’t go ahead with its farm-in agreement on the Taranaki Basin permit, according to a …

The New Zealand dollar rallied above 84 US cents after a Group of Seven leading nations’ official said the body was concerned about excessive moves in the yen, leading to broad selling of the greenback and lifting so-called riskier currencies. The New Zealand dollar recently traded at 84.06 US cents, having climbed as high as 84.36 cents overnight, from 83.50 …

New Zealand shares fell, paced by gold miner OceanaGold and casino operator Sky City Entertainment Group ahead of their earnings this week. Turners Auctions rose after meeting guidance and lifting its dividend. The NZX 50 Index rose 2.38 points, or 0.1 percent, to 4218.12. Within the index, 21 stocks fell, 14 rose and 15 were unchanged. Turnover was $112 million. …

Telecom has put its email service provider Yahoo! on notice after what one executive says is a service that has left Telecom running no more than “a very expensive customer complaints service.” New Zealand’s largest telecommunications retailer says a “series of issues” over the past year, including this week’s highly disruptive attack by hackers, had “impacted negatively” on the Yahoo! …