What signal are we sending? Australian business leaders are urging the Coalition to take steps to ensure foreign investors do not get the wrong signal

Tom McKay

What signal are we sending? Australian business leaders are urging the Coalition to take steps to ensure foreign investors do not get the wrong signal. They are concerned the decision to block the $3 billion US takeover of GrainCorp could undermine the government's promise that Australia is open for business. Corporate heavyweight Don Argus told The Weekend Australian that, while he was sure there were good reasons for the Treasurer's decision, it should make us all think about how we are going to attract overseas capital. We can't just close ourselves off from the capital markets. If we do then we just become a branch office country. And that would be sad if that happens said the former BHP Billiton Chairman and National Australia Bank Chief. Read more (behind the paywall): (VIEW LINK)


About this contributor

Tom McKay

Tom McKay

Managing Director and Co-Founder, Livewire

I'm the Managing Director and Co-Founder of Livewire. I'm passionate about collecting and curating the markets most informed insights every day so that our members can discover new investment ideas. If you would like to get in touch - please use...

Expertise

Comments

Please sign in to comment on this wire.