Clancy Yeates

Clancy Yeates

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

Quarantine call to protect shareholders

Clancy Yeates TOP regulators are calling for new powers to intervene in the key pillars of the Australian financial system after reviewing how today's regime would cope with a foreign-owned stock exchange.

Boards warned not to bend 'two strike' rules

transparency

Clancy Yeates BOARDS that try to dodge the ''two strikes'' rule on executive pay will only spark calls for tougher regulation from Canberra, the parliamentary secretary to the Treasurer, David Bradbury, has warned.

Future Fund has $2.8b exposure to troubled euro zone

Clancy Yeates THE taxpayer-owned Future Fund has $2.8 billion worth of assets in the troubled euro zone, including almost half a billion dollars in the most debt-stricken nations such as Greece.

Future Fund weathering euro storm

euro

Clancy Yeates The taxpayer-owned Future Fund has $2.8 billion worth of assets in the troubled euro zone.

Wider economy borrows from mining boom

Clancy Yeates NEW lending to business has jumped to levels not seen since the global financial crisis, fuelling speculation that small and medium companies are bolstering their investment plans on the back of the...

Australia not immune from slump: IMF

IMF

Clancy Yeates Fund says severe global slump would wipe 2 percentage points off economy's growth rate.

Global woes threaten growth: IMF

Clancy Yeates THE International Monetary Fund says a severe global slump would wipe 2 percentage points off the Australian economy's growth rate and cause the mining investment boom to be scaled back sharply.

Swan calls for action to lift world growth

Mining

Clancy Yeates, Simon Johanson THE Treasurer, Wayne Swan, says the economy could fall into a slump on par with the downturn Australia suffered during the global financial crisis if Europe's cascading debt crisis is not resolved.

Confidence up as hopes rise of rate cut

RBA.

Clancy Yeates and Eli Greenblat Confidence appears to be recovering from ''recession-like'' lows, with expectations of an interest rate cut.

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Hopes for Cup day rate cut improve confidence

Girls shopping on trendy King Street, located in downtown Perth

Clancy Yeates HOUSEHOLD confidence seems to be recovering from ''recession-like'' lows, thanks to growing expectations the Reserve Bank will cut interest rates on Melbourne Cup day.

Warning on productivity

production

Clancy Yeates Big business is warning that Australia risks losing thousands of jobs and enduring decades of ''mediocre growth and declining opportunity'' unless it confronts a productivity slump.

Dire warning of national decline if productivity keeps plunging

Clancy Yeates BIG business says Australia risks losing thousands of jobs and enduring decades of ''mediocre growth and declining opportunity'' unless it confronts a productivity slump.

Dollar's fall lifts mood

Clancy Yeates THE National Australia Bank's new business survey report shows business conditions have edged into positive territory.

Steel shares rally after Greens back aid

steel-thumb

Clancy Yeates Shares in steel makers BlueScope and OneSteel have rallied after the Greens revealed they would back a $300 million support package for the industry.

Unemployment likely to rise as companies put the brakes on hiring

Businessmen

Clancy Yeates EMPLOYMENT growth is tipped to slow from its already sluggish pace in the coming months, as businesses continue to shy away from hiring new staff.

Banks criticise complexity of tax break on net interest

Clancy Yeates BANKS are complaining that a tax break for bank deposits is too complex, and unlikely to trigger a meaningful change in saving habits.

Tax break too complex: banks

Close inspection: Banks say it's all in the detail.

Clancy Yeates Banks are complaining that a tax break for bank deposits is too complex and unlikely to trigger a meaningful change in saving habits.

IMF says outlook bright but risky

Australia has been warned over dependence on resource exports.

Clancy Yeates IMF says Australia's 'enviable' economic position is threatened by an overheated housing market.

Local prospects bright, but IMF cautions on overheated housing

Clancy Yeates AUSTRALIA'S ''enviable'' economic position is threatened by an overheated housing market and dependence on resources exports, the International Monetary Fund says.

Skilled migrants should be able to stay, says Dow chief

18/11/2010.Photo by ROB HOMER. Portrait of ANDREW LIVERIS of dow chemicals SPECIAL 000000

Clancy Yeates REVIVING the manufacturing sector will require immigration rules that allow more highly-skilled workers to stay in the country, says the chief executive of the global giant Dow Chemical, Andrew...