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Chinese bizman to buy Australia’s biggest dairy farm for US$202mn

Sydney / AFP A Chinese investor was given the green light to buy Australia’s largest dairy farm company, with the finance minister saying he welcomed foreign investment “not contrary to our national interests”. The sale of farmland to foreigners including to Australia’s biggest trading partner China has been a sensitive issue, with Canberra in November blocking the sale of one ...

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Nepal lifts months-long fuel rationing

Kathmandu / AFP Nepal has lifted its months-long rationing of fuel following the end this month of a border blockade by people protesting against a new constitution, officials said on Tuesday. The months-long blockade caused a crippling shortage of fuel and other vital supplies in the landlocked Himalayan country. But members of Nepal’s ethnic Madhesi community decided to call off ...

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Argentina settles bond debt dispute partially

New York / AP Argentina has reached a settlement with several bondholders for $250 million and 185 million euros, a court-appointed mediator said as the country continues work toward ending a debt crisis that has damaged its ability to maneuver financially abroad. The latest deals boost to more than $1.5 billion the amount Argentina has committed in deals since President ...

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