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China is Australia’s most important trading partner and a growing source of investment. AAP/Lukas Coch

Book review: Takeover – Foreign Investment and the Australian Psyche

The “national interest”, at least as far as economic policy is concerned, has always been a contested compromise and a consequence of the relative political influence of domestic forces.
Treasurer Joe Hockey has flagged competition issues after rejecting the ADM takeover of GrainCorp, but he failed to say how he would fix the GrainCorp monopoly. Alan Porritt/AAP

Hockey’s GrainCorp decision opens competition can of worms

When Federal Treasurer Joe Hockey quashed the acquisition of GrainCorp by Archer Daniels Midland on national interest grounds, his stated reasons were based on competition. Despite it being five years…
GrainCorp has long been a target for US interests - because it has been effective. AAP

GrainCorp must now weigh its options

A lot of the current response to Treasurer Joe Hockey’s decision to block ADM’s A$3.4 billion takeover for GrainCorp is political rhetoric and doesn’t have to be taken seriously. But as Jeffrey Wilson…
Treasurer Joe Hockey has blocked the A$3.4 billion bid by US giant Archer Daniel Midlands for GrainCorp. AAP

Hockey kills GrainCorp takeover by ADM: experts react

Federal Treasurer Joe Hockey has rejected the proposed takeover of GrainCorp by US grain handling giant Archer Daniels Midland, arguing the takeover would not be in the public interest. Mr Hockey said…
Joe Hockey has a big decision to make by December 17. jcburns/Flickr

Archer Daniels Midland, GrainCorp and the liability firewall

The Coalition government is split over the controversial bid for GrainCorp by American commodities trading giant Archer Daniels Midland (ADM). Treasurer Joe Hockey has found himself torn between upholding…
The government needs nearly all of the 22 votes that National Party leader Warren Truss can deliver to guarantee passage of its legislation. AAP Image/Dan Peled

Libs vs Nats: GrainCorp stoush shows cracks run deep in the Coalition

Socrates once observed that no-one could be a statesman if they were entirely ignorant of the problem of wheat. Once again wheat – or, more precisely, grain handling and the sale of GrainCorp – is drawing…

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