Gas exports starve local firms, jobs: ACCC

Australian factories are at risk of shutting down and sacking workers as the nation’s gas exporters starve local customers in favour of overseas clients, according to a dire warning from the competition watchdog that clears the way for a gas crackdown. The Australian Competition & Consumer Commission slammed the three gas giants in a clear…

Chinese dairy company Yili makes substantial offer for Murray Goulburn

A CHINESE dairy juggernaut is courting Australia’s biggest milk processor, Murray Goulburn Cooperative, lobbing a buyout offer for the group, sources say. Yili, which makes milk products for the Chinese market, is rumoured to the be in the box seat for the struggling Melbourne-based cooperative after tabling a substantial offer. Confirming last month that it…

US and Japan closer to importing beef to Australia

`FRESH and frozen beef from the US and Japan are a step closer to hitting Australian shores after 14 years. Trade was suspended in the early 2000s due to fears about mad cow disease, or BSE, but a final Department of Agriculture review has found trade can resume — if the countries meet Australia’s strict…

Murray Goulburn: China’s Fuyang Farming weighs MG bid

INNER Mongolia Fuyang Farming is believed to be the latest Chinese party weighing a bid for embattled milk producer Murray Goulburn, joining other such as the listed a2 in the contest. Another company understood to be interested is China Resources, which already owns a stake in the company, The Australian reports. Speculation emerged almost two…

Chinese buy 51pc in Bindaree Beef, Australia’s fourth largest beef processor

Expansion plans are on the horizon again for Bindaree Beef after Hong Kong’s wealthy Hui family this week bought a 51 per cent stake in the northern NSW group in partnership with Beijing-based equity fund, Archstone Investment. The McDonald family’s Bindaree Beef Group (BBG) is Australia’s fourth largest beef processor, which owns the Inverell abattoir…

Chinese buy 51pc in Bindaree Beef, Australia’s fourth largest beef processor,

Expansion plans are on the horizon again for Bindaree Beef after Hong Kong’s wealthy Hui family this week bought a 51 per cent stake in the northern NSW group in partnership with Beijing-based equity fund, Archstone Investment. The McDonald family’s Bindaree Beef Group (BBG) is Australia’s fourth largest beef processor, which owns the Inverell abattoir…

Lethal asbestos pouring through our borders made in China

BUILDING materials laced with lethal asbestos are landing in our homes and building sites, as Chinese companies flout Australia’s ban.Australian Border Force identified a staggering 8643 shipments as “high risk” for asbestos during 2016-17, but only examined 761 — leaving 90 per cent to slip through to building sites, hardware stores and supermarkets. It seized 64…

Australian owned Weis company sold to international giant Unilever.

WEIS, one of Queensland’s most beloved ice cream companies has been bought up by international giant Unilever. Weis, which began its life when Les Weis started selling his iconic Fruito Bar in 1957, operates from a factory in Toowoomba.Unilever, who already own Streets ice cream, today announced it has entered into a definitive agreement to…

Tests find white spot disease DNA in supermarket seafood products

A Queensland academic is warning that lifting a ban on the importation of green prawns into Australia is "fraught with danger" and like "playing with fire". On Wednesday Dr Knibb presented the results of the USC Aquaculture Genetics Research Group testing to the Australian Prawn Farmers symposium on the Gold Coast, telling delegates the affected…

The shoe that could give your child cancer: Product recall

A PRODUCT recall has been issued for children's shoes which authorities say have a poisonous lining that could could cause cancer.  The shoes, sold onto the Australian market by the clothing website Next UK, contain the toxic substance benzidine in the lining.  The shoes in question are described as navy strap brogue shoes.  "The lining…

Shoddy builders using foam bricks in cheap homes

THE construction scandal ­engulfing Australia is becoming so dangerous a property expert has revealed foam fake bricks are being used in shoddy homes by dodgy builders.National building and property maintenance consultant Roscon Property Services said developers were putting residents at risk by using polystyrene bricks to cut costs on the “Esky” homes.It comes as one…