New Zealand Post plans to roll out YouShop in China after attracting 82,000 kiwis to the parcel forwarding service from the UK and US that was set up to cash in on the surge in online shopping. The state-owned postal service, which is grappling with a slump in traditional mail volumes, says 4,000 users a month are signing up to …

OceanaGold, which operates the Macraes goldfield in Otago, boosted first-quarter profit by 730 percent as its Didipio operation in the Philippines came on steam with new gold and copper production. Net profit jumped to US$58.9 million in the three months ended March 31 from US$7.1 million a year earlier, the Melbourne-based company said in a statement. Revenue surged 78 percent …

A Labour Party-led government will require the Reserve Bank of New Zealand to use changes to the rate of people’s compulsory KiwiSaver contributions rather than interest rates to control inflation while taking pressure off the over-valued kiwi dollar. “Instead of paying more interest on your mortgage, a similar amount of extra savings would go into your KiwiSaver,” Parker told an …