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.
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
Under the deal Bega will acquire well known brands such as Dairy Farmers,Yoplait and Farmers Union.
Logistics giant DHL Express has introduced its first direct air freight service from Melbourne to Auckland to cater for a COVID-propelled export boom.
Bega Cheese looks primed to add yoghurt to its portfolio of products after beating out rival Saputo and Tanarra Capital to the Lion Dairy and Drinks business.
Carsales Australia boss Ajay Bhatia says higher prices for second-hand cars are here to stay.
A key dairy farmer co-operative has backed a bid by Tanarra Capital for the Lion dairy and drinks business,saying it supported Tanarra's expansion plans.
Explosives manufacturer Orica has recorded a 31 per cent slide in full year statutory net profit and halved its final dividend,after COVID-19 disrupted mining activities.
Australia's biggest steelmaker BlueScope has lifted its first-half earnings guidance by a hefty 39.7 per cent to $475 million.