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Goldman Sachs (NYSE: GS-PB - news) , Wall Street's biggest dealmaker nike air max 2017 grey womens uk sale , has surpassed $1 trillion in mergers and acquisitions for a single year for the first time since the financial crisis.

The US investment bank passed the closely-watched benchmark for 2014 following transactions this week, according to data Wednesday from Dealogic.

The last time a firm surpassed $1 trillion in a year came in 2007, when Goldman also breached the level.

Goldman's latest big deal was Merck (Other OTC: MKGAF - news) 's $9.5 billion takeover of Cubist Pharmaceuticals (NasdaqGS: CBST - news) , unveiled Monday.

Goldman has also worked on the $66 billion purchase of Botox-maker Allergan (NYSE: AGN - news) by Activis and the $48.5 billion acquisition by AT&T (Sao Paolo: ATTB34.SA - news) of DirecTV (NasdaqGS: DTV - news) .

With 380 deals worth just over $1.0 trillion nike air max 2017 grey womens uk , Goldman leads the pack in global mergers and acquisitions, according to Dealogic.

JPMorgan Chase ranks second with $741 billion in deals and Morgan Stanley (Xetra: 885836 - news) is third with $692 billion in deals. Barclays (LSE: BARC.L - news) is the highest ranked non-US firm with $540 billion in deals, the data show

The ranking does not include data for initial public offerings, an area in which Goldman is also active.

WELLINGTON nike air max 2017 grey uk , April 17 (Xinhua) -- New Zealand farmers might be tightening their belts because of the global plunge in dairy prices, but they stand to benefit in the long term, an expert said Friday.

"The low prices are the best thing that can happen as it will limit the European expansion," Lincoln University agribusiness and food marketing program director Nic Lees said in a statement.

New Zealand and Europe were currently fighting a "cost war nike air max 2017 green womens uk sale ," he said.

"Quotas have come off production in Europe so they are expanding production. This is similar to what is happening in oil with expanding production due to shale gas," Lees said.

"Ireland, for example, is planning to increase milk production by 50 percent."

New Zealand was "the Saudi Arabia of milk" -- the lowest cost producer -- but it needed to focus on grass-based production to weather the storm.

"Grass will always be the lowest cost source of feed and New Zealand has the most efficient grass-based dairy system in the world nike air max 2017 green womens uk ," he said.

"Ireland can grow grass too, but currently they utilize less than half what they grow. The large housed dairy operations in Europe are also only profitable at high milk prices."

However, high prices were unlikely to return soon.

Dairy giant Fonterra has told farmers to expect a payout of 4. 70 NZ dollars (3.61 U.S. dollars) per kilogram of milk solids -- well below the 6 NZ dollars (4.61 U.S. dollars) that many farmers need to be viable -- but farmers needed to be profitable at 5 NZ dollars (3.84 U.S. dollars), he said.

Opportunities existed in other areas nike air max 2017 green uk , such as beef exports.

"Beef is a great story with China needing to increase its beef imports by up to 20 percent a year for the next five years to meet its surging demand for protein," he said.

The average price on the fortnightly Fonterra-run GlobalDairyTrade auction over Wednesday night fell by 3.6 percent to 2,620 U.S. dollars a tonne -- or 51 percent down from the peak dairy price in February 2014.

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