Dairy product prices were relatively stable in the latest GlobalDairyTrade auction, with the whole milk powder price index advancing. The GDT average winning price edged higher to US$2,649, up from US$2,646 three weeks ago, though the GDT price index slipped 0.3 percent. Some 45,499 tonnes of product was sold, down from 50,816 tonnes of product three weeks ago. Dairy prices …

The New Zealand Superannuation Fund, which was set up to partially fund the cost of a ballooning baby boomer pension bill, has ended a 12-year mandate with AMP Capital to manage part of its local equity portfolio. The pension fund’s manager, the Guardians of New Zealand Superannuation, terminated the active equities mandate effective from Oct. 30, it said in a statement. …

The government’s plan to increase the private provision of state-housing is part of a wider goal to alleviate the country’s most vulnerable by putting more cash in their pockets, Prime Minister John Key says. Speaking at his weekly post-Cabinet press conference in Wellington, Key told reporters the government expects to provide more details about its social housing programme in the …