Clancy Yeates

Clancy Yeates

Clancy Yeates reports on banking and finance and is a former Canberra business correspondent.

Clancy Yeates

Forget emotion on banking decisions

Clancy Yeates

Clancy Yeates If we cared so much about interest rates, surely more people would switch lenders, right?

Clancy Yeates

How we are blinded by the banks

Clancy Yeates There's a paradox in our relationship with the big banks.

RBA at centre of cutting remarks


Clancy Yeates The central bank has faced perhaps unprecedented criticism for its stance on interest rates, but not everyone believes it's deserved.

High-wire act balancing a two-speed economy

Glenn Stevens

Clancy Yeates The Reserve Bank was the toast of the financial world a decade ago. Australia had notched up its 11th year of economic growth in a row after dodging the 2001 ''tech wreck'' recession, and the...

Two-speed economy to widen

Coal mining

Clancy Yeates The chasm between the mining and the economy's slow lanes will widen further this year.

Clancy Yeates

Corporate tax cut with a twist

Clancy Yeates

Clancy Yeates After years of pleading for lower taxes, corporate chiefs may soon have a dilemma on their hands.

It's all on the record, Forrest tells Treasurer


Clancy Yeates BILLIONAIRE miner Andrew Forrest has hit back at Wayne Swan, accusing the Treasurer of trying to ''fool'' the public over a last-minute compromise on the mining tax struck between the Fortescue...

RBA doubts over banks' rate rises

Reserve Bank of Australia.

Clancy Yeates The Reserve Bank raises fresh doubts over banks' justification for raising mortgage rates outside of official moves, saying lenders have benefited from a 'significant' drop in the cost of borrowing.

Telstra warning on jobs

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Clancy Yeates Telstra signals job cuts if it fails to win contracts supplying the national broadband network.

Clancy Yeates

IMF warns resource prices on way down

Clancy Yeates

Clancy Yeates Ominous warnings are the stock-in-trade of the boffins at the International Monetary Fund. After all, predicting doom can be the best way to jolt politicians into action, forcing them to make...

Tension over tax relief for losses in small business


Clancy Yeates Loss-making small businesses will receive tax relief worth up to $300 million a year.

Consumer confidence slump piles pressure on Reserve


Clancy Yeates A wave of gloom is descending over households and businesses in the economy's slow lanes.

Resources lift job numbers


Clancy Yeates There are increasing signs of a recovery in job growth as businesses expand hiring plans.

Tourist spending hits four-year low

China's economic contribution to tourism in Australia could top $6 billion by 2020.

Clancy Yeates The high Australian dollar is taking a savage toll on the nation's tourism industry.

Warning on R&D tax cut


Clancy Yeates The government risks sending investment overseas if it accepts advice of a high-powered panel.

China calls for fair and equal treatment of its companies


Clancy Yeates China's ambassador has urged the government to treat Chinese companies fairly.

Sun setting on new houses


Clancy Yeates A plunge in building approvals has sparked warnings that activity in the high-employing home-building industry could fall below the levels of the global financial crisis.

ASIC on spot over Fortescue


Clancy Yeates A High Court judge has queried whether ASIC should have 'nailed its colours to a mast'.

Push on to boost control


Ruth Williams and Clancy Yeates The corporate regulator and RBA would have sweeping powers in proposal put to government.

Aussie dollar slumps amid Euro revival signs


Clancy Yeates Share investors have been buoyed by the brighter outlook for the global economy.