{"id":8974,"date":"2012-03-16T03:14:21","date_gmt":"2012-03-16T01:14:21","guid":{"rendered":"http:\/\/www.myza.co.za\/03\/press-digest-australian-business-news-2\/"},"modified":"2012-03-16T03:14:21","modified_gmt":"2012-03-16T01:14:21","slug":"press-digest-australian-business-news-2","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/press-digest-australian-business-news-2\/","title":{"rendered":"PRESS DIGEST-Australian Business News"},"content":{"rendered":"

\t\t<\/span><\/p>\n

Compiled for Reuters by Media Monitors. Reuters
\nhas not verified these stories and does not vouch for their
\naccuracy.<\/span><\/p>\n

<\/span><\/p>\n

<\/span><\/p>\n

THE AUSTRALIAN FINANCIAL REVIEW (www.afr.com)<\/p>\n

<\/span><\/p>\n

The chairman of Hangzhou Wahaha Group, Zong Qinghou, has
\ndeclared that his company plans to invest up to A$220 million in
\nWestern Australian dairy farms, with a further announcement
\nexpected before the end of the financial year. “Our investment
\nin Australia’s dairy farms and related industry will guarantee
\nstable supplies of quality milk powder,” Mr Zong, the third
\nrichest man in China, said. Page 17.<\/p>\n

<\/span><\/p>\n

– – – –<\/p>\n

<\/span><\/p>\n

The United States’ business of National Australia Bank
\n, Greater Western Bank, has acquired the First Federal
\nSavings Bank in a A$39.5 million deal. Observers say the
\npurchase, while not materially significant, provides a stark
\nreflection on NAB’s strategy in North America as opposed to its
\noperations in the United Kingdom. Earlier this year, the lender
\nsaid Greater Western, which added A$90 million to the bank’s
\nprofit last year, was posting “good organic loan growth and
\nremained fully deposit funded”. Page 19.<\/p>\n

<\/span><\/p>\n

– – – –<\/p>\n

<\/span><\/p>\n

The Reserve Bank of Australia’s latest quarterly communiqu\u00e9
\nhas supported claims from major lenders that their cost of
\nfunding is on the rise. In its report, the central bank said
\nthe increases “reflects strong competition for deposits,
\nparticularly term deposits, and higher spreads on wholesale debt
\nreflecting an increase in investors’ concerns about the global
\nbanking industry”. Page 19.<\/p>\n

<\/span><\/p>\n

– – – –
\n\u00a0 Continued…<\/strong><\/span><\/p>\n

<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Compiled for Reuters by Media Monitors. Reuters has not verified these stories and does not vouch for their accuracy. THE AUSTRALIAN FINANCIAL REVIEW (www.afr.com) The chairman of Hangzhou Wahaha Group, Zong Qinghou, has declared that his company plans to invest up to A$220 million in Western Australian dairy farms, with a further announcement expected before […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-8974","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/8974","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=8974"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/8974\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=8974"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=8974"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=8974"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}