According to multiple reports, global commodities business Glencore is nearing a deal to sell a 40% stake in its agricultural business to the Canada Pension Plan Investment Board, one of the key players
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Tribunal move accused of unfairly favouring unions
An order by the Federal Government’s Road Safety Remuneration Tribunal threatens to destroy the livelihood of tens of thousands of owner-operator truck drivers, according to industry groups.
The Road
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Unions targeted as PM threatens double dissolution
Prime Minister Malcolm Turnbull has presented the Senate with an ultimatum: pass laws to more strictly monitor the nation’s unions, or face a rare double dissolution election.
Turnbull made his move
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Consumption growth sweet news for sugar exporters
The Australian sugar sector will benefit from increased exports and growth in world consumption, driving up the price of sugar through to 2020/21, according to the Australian Bureau of Agriculture and
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CBH Group rejects float proposal, will review structure
The board of CBH Group has rejected a bid to list the business on the ASX, believing the GrainCorp-supported float proposal would “destroy value” for its growers and their network.
CBH has been reviewing
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Murray Goulburn to build $300m Victorian powder plant
Dairy processor Murray Goulburn will invest up to $300 million in a new powder plant in Koroit, West Victoria, after it secured Asia-region offtake agreements with a pair of nutrition companies.
Deals
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Iron Road, Emerald Grain to work together on joint port project
Prospective iron ore miner Iron Road and agribusiness Emerald Grain have announced a partnership which will help deliver a combined iron ore and grain railway and port operation at Cape Hardy on South
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McAleese suspends trading, ponders recapitalisation
Embattled transport group McAleese has suspended trading on the ASX this week, and deferred the release of its half-year financial statement, as the company continues to undergo a “strategic process”
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GrainCorp in push to privatise CBH
GrainCorp will back the proposed transition of co-operative grain handling business CBH to a commercial structure, and a subsequent listing on the ASX.
In a move proposed last week by Australian Grains
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Brambles eyes smart pallets with opening of Silicon Valley office
Keeping track of the location and condition of its 250 million pallets is a monumental challenge for Brambles. Its opening of a Silicon Valley office and hiring of a software expert to run it suggests
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