Clancy Yeates

Clancy Yeates

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

Credit card debt swells to record $50 billion

Clancy Yeates Australian credit card debt has struck a new record high of $50 billion, ballooning by almost a third in the past five years.

Covered bonds undermined by debt crisis

Clancy Yeates, Sarah Mcdonald EUROPE'S debt crisis is undermining a Gillard government policy designed to ease bank funding costs, by wiping out savings to lenders who issue covered bonds.

Non-mining states feeling the pinch


Clancy Yeates THE number of unfilled jobs has slumped to its lowest level in 18 months, in a sign weak economic conditions are deterring employers from hiring new staff.

Bonds that break banks


Clancy Yeates, Sarah McDonald Europe's debt crisis is undermining one of the Gillard government's main policies designed to ease bank funding costs.

Retail stalls despite rate cut


Clancy Yeates The last interest rate cut failed to spark the shopping spree retailers were hoping for.

Clancy Yeates

Banks assume a licence to print profits


Clancy Yeates It's always risky to make sweeping predictions but here's one thing you can count on in 2012: the stoush over interest rates is only getting started.

Future Fund urged to go green and clean

Clancy Yeates THE Future Fund's investments in tobacco and companies involved in nuclear arms production face growing scrutiny this year, as the Greens step up calls for tighter rules on what assets the fund can...

Mine profits to come back to earth

Clancy Yeates GLOBAL economic weakness has set the scene for weaker growth in mining profits this year as the nation's export prices retreat from record highs.

Mining profits to weaken

AFR. AFR USE FIRST PLEASE. MINING AFR FIRST USE!!!!! PHOTOGRAPH BY NIC WALKER. COAL, EXPORTS, IMPORTS IN BHP Newcastle, tug boats, Newcastle, trucks, transportation, electricity, power, shipping, Port Waratah. AUSTRALIAN BULK MINERIALS. RESOURCES. SPECIALX SPECIALX 00076789

Clancy Yeates Global economic weakness has set the scene for weaker growth in mining profits this year.

Foreign tourists spend 15% less

Clancy Yeates FOREIGN visitors have slashed their monthly spending on Australian tourism by almost $450 million in the past year, underlining the crippling effects of the high dollar on the travel and hospitality...

Clancy Yeates

Tourism industry weathers a sea change

Clancy Yeates

Clancy Yeates If you're reading this at a beachside getaway, there's every chance the local area is doing it tough.

Clancy Yeates

An Indian summer for tourism


Clancy Yeates Visitors from the world's economic engine are helping tourism, by Clancy Yeates.

Push on funds over super pay

GENERIC cash, banks, interest rates, executive pay, renumeration, contract, boss, employee, superannuation, save, spend, wages, pay, import, export, notes, coins, gfc, markets, bonds, shares, parity, currency.

Clancy Yeates Super funds are under pressure to reveal how much their top executives are paid.

Super funds pushed closer to transparency

Magnifying glass

Clancy Yeates SUPER FUNDS are under pressure to be more open about how much their top executives and directors are paid, after a regulator's plan to lift transparency in the $1.3 trillion industry won support.

Woes continue as Goldmans cuts Myer, DJs forecasts

Clancy Yeates MYER and David Jones will continue to suffer from lacklustre sales next year as nervous consumers limit their spending during the critical trading period after Christmas, say analysts.

Downgrades for Myer, DJs

dj clearance

Clancy Yeates Myer and David Jones will continue to suffer from lacklustre sales in 2012, as nervous consumers limit their spending during the critical trading period after Christmas, say analysts.

Downgrade sends Myer shares to record low


Clancy Yeates Meagre Christmas sales have prompted a ratings cut for Myer and David Jones shares, sending Myer stock to the lowest since its initial share sale.

Harvey Norman sells online offshore

Retail shops

Henrietta Cook, Clancy Yeates IT IS a simple case of ''if you can't beat them, join them''.

Growth to dip below trend as economy slows

Institutional traders from IG Markets study a screen showing losses in commodities apart from gold which shows a rise of nearly two per cent, on their trading floor in Melbourne on August 9, 2011.  Australian stocks staged a stunning turnaround mid-afternoon on August 9, bouncing back from a more than 5.0 percent slump to trade in positive territory.  Earlier in the day, the market plunged sharply in reaction to carnage in the United States and Europe overnight, but by 2.40pm (0440 GMT) the benchmark S&P/ASX 200 was up 0.5 percent at 4,004.3. AFP PHOTO/William WEST

Clancy Yeates THE economy will grow at a sub-par pace next year as fallout from Europe's debt crisis and weaker commodity prices drag on domestic activity, a new survey suggests.

RBA's bleak outlook may lead to more rate cuts


Clancy Yeates MARKETS are betting on more interest rate cuts after the Reserve Bank warned there was a ''non-trivial'' chance that Europe's debt crisis would spark a severe recession, dragging heavily on global...