TWE News: Australia's Treasury Wine surges on hopes of China revival - 23rd Oct 2023, 9:14am

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By Archishma Iyer

(Reuters) -Australia's Treasury Wine Estates said on Monday it is well placed to rebuild its business in China, sending its shares up more than 5%, should Beijing's tariffs on Australian wine be removed as signalled by the two countries on the weekend.

The Australian government, which is repairing economic ties with Asia's largest economy after a number of disputes, said on Sunday China had agreed to an expedited review of tariffs on Australian wine, expected to take up to fi...

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