Inquiries into scandal-hit betting whiz kid Chris Brown have moved overseas, with international investors now claiming they are among those owed huge sums of money.
China could retaliate to Australia axing a major deal by targeting all-important iron ore exports, a leading economist warns.
Rebecca Le May
Boat parties, golf courses, swanky wine bars and girls on both arms. For party boy Chris Brown — now accused of owing investors up to $200m — it was a lifestyle plastered all over social media.
A Perth lawyer has accused Chris Brown of creating a fake email using high-profile law firm Bennett & Co’s letterhead to claim more than $6.7 million was heading into one of his bank accounts.
Australia’s lobsters were among a suite of Australian products — including wine, barley, timber and hay — blacklisted by China amid deteriorating tensions between Beijing and Canberra.
The Federal Court has widened the hunt for betting whiz kid Chris Brown’s fortune to include companies linked to his dad and an influential former business associate.
Significant growth in domestic sales, and increased demand from the UK and online, has softened the hit to WA wine producers from the devastating loss of the lucrative China market.
AFL champions Chris Judd and Simon Black — who were photographed with a Perth betting scheme promoter now embroiled in a $120m court case — say they have nothing to do with the gambling whiz kid.
Betting scheme promoter Chris Brown faces claims potentially exceeding $200 million as friends and business associates demand their cut of his reported winnings, The West can exclusively reveal.
He’s an Aquinas College graduate who’s been photographed rubbing shoulders with former footy stars and splashing cash, so how did Chris Brown get caught up in a $120 million Federal court case?
Australian Council of Trade Unions President Michele O’Neil says WA’s trade relationship with China means the State’s economy is still ‘fragile’ — despite its record-breaking drop in unemployment.
Australia’s relationship with China has deteriorated to a point where it can’t get much worse, according to trade experts, but they argue the tensions will likely never impact iron ore.
Australia’s relationship with its largest trading partner, China, has taken yet another blow, but other countries could help fill the economic void if things continue to worsen.
Australia's exports of iron ore to China are likely to be safe, even if tensions between the two countries escalates, Fitch Ratings believes.
Federal Treasurer Josh Frydenberg says while the Morrison Government wants an open dialogue and a constructive relationship with China, it will not come at the expense of national interests.
Danielle Le Messurier
Australia wines will be allowed to be sold alongside Canadian bottles in Quebec after the two countries put a cork in a long-running trade dispute.
China last night vented its anger after Victoria’s Belt and Road deal with the country was binned by the Morrison Government — warning the move would ‘bring further damage to bilateral relations’.
Lanai Scarr & Tom Minear
Beijing’s most high profile diplomat in Canberra has warned China is not a cow ‘to be milked’ and taken advantage of by Australia.
Iron ore futures in China extended an advance as imports surged to a five-month high, signalling robust demand as the world’s second-biggest economy grapples with rising commodity prices.
Historically low Australian cattle inventories should prompt the beef industry to ponder its position in supply chains and potentially readjust, one bank says.
Trade Minister Dan Tehan may take Australia's dispute with China over wine exports to the World Trade Organisation at a Europe meeting.
Colin Brinsden, AAP Economics and Business Correspondent
But our wine industry has struggled to make up for the loss of the premium China market.
As Trade Minister Dan Tehan calls for businesses to diversify their exports across Asia, new research finds Chinese sanctions are having a limited impact.
Australia can now again trade with the world’s biggest livestock importer, after the Federal Government opened a new pathway for the export of live animals to the country.
© West Australian Newspapers Limited 2020