Chinese investment in Australia tumbled by 61% last year as diplomatic relations between the two nations slumped to a fresh nadir. The Australian National University's Chinese Investment in Australia Database (CHIIA) recorded just over A$1 billion in investment in 2020 – the lowest total sum in...
Peak industry body Shipping Australia has labelled a decision to impose a new A$13,450 fee on every major iron ore export at Port Hedland in Western Australia as a ‘breathtakingly outrageous charge’. The Pilbara Ports Authority will bring in the export charge in March to fund...
Australia’s trade minister has welcomed potential changes to China’s inspection procedures and rules relating to iron ore shipments, a move which has been described as ‘another implicit warning to Australia’ by a Chinese research fellow. China’s customs authorities issued a notice over new supervising rules taking...
The value of Australian wine exports has risen to a record AUS$2.89 billion in the 12 months to September 2019, according to data published by industry body Wine Australia. The latest total export figure represents a 7% rise on the previous year, while the same period...
Following a profit warning, Apple’s share price closed 9.96% down on Thursday, generating a wave of panic across global markets with several sectors of the Australian Stock Exchange (ASX) shaken by the news. The benchmark ASX 200 finished 0.4% lower at 5,613, after correcting a steeper...
Hydrogen gas produced by solar and wind energy as well as brown coal is set to become the next big focus for Australia’s energy industry and export market, according to a recent report. The report, conducted for the Australian Renewable Energy Agency (ARENA) by consultants ACIL...
Trade Minister Simon Birmingham will witness the signing of business deals between Australian and Chinese companies worth AUS$15 billion at the Chinese International Import Expo in Shanghai. More than 150 Australian companies have participated in the international imports fair, which has served to improve relations between...