News in Brief
News in Brief
ANZ Investments signs deals with BlackRock and Mercer
ANZ Investments has signed deals to work with global asset managers BlackRock and Mercer.ANZ is the country’s largest KiwiSaver manager, with $19.7 billion in funds under management and a 20% market share. On top of that, it manages money outside of KiwiSaver on behalf of New Zea...
Primary Sector
Economic conditions at record low say farmers
A net 80% of farmers say current economic conditions are bad according to the latest Federated Farmers survey results.This was the worst result since that particular question was first asked in 2016, and was a sharp drop of 15 points on January's then-record low of 65%.The ne...
Primary Sector
ANZ cuts its milk price forecast by 60 cents
ANZ has revised down its farmgate milk price forecast for the 2023-24 season by 60 cents to $7.15 per kilogram of milk solids (kgMS).The new forecast is 15 cents above the $7.00 /kgMS mid-point of Fonterra's recently revised price guidance of $6.25-$7.75 /kgMS.The bank said i...
Law & Regulation
Australian power company sued over 'misleading' carbon-neutral claims
Australian energy company EnergyAustralia is being sued for buying carbon offsets and claiming that is having a positive impact on the environment.Australian Parents for Climate Action have filed a claim in the federal court of Australia alleging that EnergyAustralia is misleadin...
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