It's difficult to decide which is more surprising:the revelation that someone put together a $US2 billion-plus bid for Foxtel;or that its two heavyweight shareholders rejected it.
The chief of Australia's biggest winemaker has criticised China's 169.3 per cent tariff on its products and has announced plans to cut costs and pivot towards other markets.
Australia's beef,lobster,coal,sugar and cotton producers,like wine companies,have done nothing wrong apart from underestimating the sovereign risk of exporting to China.
China’s attempt to intimidate Australia is likely to be counter-productive and force other western nations to consider what Beijing’s new belligerence might mean for them.
Trade Minister Simon Birmingham says China's plan to slap steep tariffs on Australian wine breaches trading agreements for ulterior motives.
Penfolds maker Treasury Wine Estates faces turmoil in its largest export market after Chinese regulators announced a sudden 169.3 per cent tariff on its exports
Why does China seem to be cracking down on Australian exports? And how could this affect the Australian economy?
China's President has told thousands of exporters that Beijing does not want to hurt other economies as state media reports a ban on seven key Australian products is imminent.
Treasury Wine Estates chairman Paul Rayner says the wine giant is committed to China for the long term even as the country is investigating Australian wine imports and trade tensions are rising.
Australian wheat exporters are nervously watching the escalating trade dispute with China amid fears they could be Beijing's next target.
From coal to cotton and from wine to education it appears no product is safe,other than Australia’s most important and valuable export - iron ore.