GFM Network News


Australian countryside near Bendigo, northwest of Melbourne. (CIA.gov)

Australia to defer decision on China land deal

Sydney | Reuters — The Australian government is deferring until after an upcoming federal election a politically sensitive decision on whether to allow the sale of one of the country’s biggest cattle empires, S. Kidman and Co., to a Chinese-led consortium. Australian Treasurer Scott Morrison rejected a previous foreign-led offer for the ranching company — […] Read more

Australia’s Treasurer Scott Morrison, shown here earlier this year, has blocked the sale of S. Kidman’s farmland holdings to overseas bidders. (ScottMorrison.com.au)

Australia blocks foreign firm’s deal for largest farm owner

Sydney | Reuters –– Australia on Thursday blocked the sale of the country’s largest landowner, private farming group S. Kidman and Co., to foreign investors, saying an agricultural area the size of South Korea should remain in Australian hands. Ownership of farmland is a sensitive political issue in Australia amid concerns that foreign buyers are […] Read more