Clancy Yeates

Clancy Yeates

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

No let up in retail gloom, survey finds

Clancy Yeates Consumers will shy away from non-essential spending in the coming year, as confidence is battered on several fronts, CLSA says.

Europe's woes continue to pose threat to global economy: IMF


Clancy Yeates The world economy is likely to remain soft, the International Monetary Fund says.

Henry takes swipe at leaders' timidity over tax


Clancy Yeates Whether consumers like it or not, they'll pay more tax on their spending, says former Treasury Secretary, Ken Henry.

Why Australian shoppers pay more

The Apple Inc.

Clancy Yeates Decisions by global technology companies are probably the main reason why Australians pay much more than shoppers overseas for downloads of music, films and software.

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'Adapt or die' to dollar

Australians must adapt to the high dollar says former Treasury secretary Ken Henry.

Clancy Yeates Business leaders must adopt a 'new mindset' if they are to survive thew dollar says Ken Henry.

Boom will run out of steam, experts warn

Australia should prepare itself for a the resources boom to slow and a fall in commodity prices.

Clancy Yeates Australia should prepare for a slowing resources boom, say respected economists.

Prepare for boom to slow: economists


Clancy Yeates The government should start preparing for a slowing in the mining boom, rather than protecting industries being battered by the high dollar, economists say.

RBA's deep cut to ease pain of borrowers

Reserve Bank deputy governor Philip Lowe
Photo: Louie Douvis

Clancy Yeates, Eric Johnston Reserve Bank says higher bank funding costs forced it to cut rate by an extra 1.5 points.

ASIC in push to clamp down on 'takeover by stealth'

Announcement of the nomination of Greg Medcraft  as Chairman of the Australian Securities and Investments Commission (ASIC) by Treasurer Wayne Swan at Parliament House Canberra on Tuesday 3 May 2011.
Photo by Alex Ellinghausen / Fairfax

Colin Kruger, Clancy Yeates Commission preparing a submission to Treasury seeking changes to takeover laws.

ASIC pitches takeover law changes


Colin Kruger and Clancy Yeates ASIC prepares submission to Treasury, saying takeover laws are "an anachronism" that allows "takeover by stealth".

Closer Asia research ties urged

NEWS- Wayne Swan speaking to media at the Pacific Palms Home Village in Burpengary, Qld.

Clancy Yeates AUSTRALIAN businesses will be encouraged to develop closer research ties with Asia as part of the government's push to strengthen commercial linkages in the region.

'Adapting' the key, not handouts

Growth in living standards will depend on businesses adapting to economic pressures.

Clancy Yeates The growth in living standards depends on businesses adapting to economic pressures, says David Gruen.

Use it or lose it: no change to gift card expiry dates


Clancy Yeates AN OFFICIAL review has rejected calls for expiry dates on gift vouchers to be banned, saying there is no strong evidence that tougher rules would help consumers.

Dollar sends Aussies abroad

The number of Australian tourists heading overseas is at its highest in over a year.

Clancy Yeates The number of tourists heading overseas has risen to its highest in more than a year.

Eric Johnston, Clancy Yeates and Peter Cai

Rate cuts shake global confidence

Combined actions of central banks on Thursday night to stimulate growth in regions that represent more than one third of the global economy served only to undermine investor confidence.

Eric Johnston, Clancy Yeates and Peter Cai China, Britain and Europe say they moved independently, write Eric Johnston and Clancy Yeates and Peter Cai.

Spending spree adds to deficit

Iron Ore

Clancy Yeates A business spending splurge on capital imports keeps Australia's trade ledger in the red.

Employers caution against super shake-up


Clancy Yeates Employers have cautioned against a radical shake-up of the $7 billion-a-year market for managing the retirement savings of many of the nation's lowest paid workers.

Ex-premier Brumby to head probe into dumping

Former Victorian premier John Brumby.

Clancy Yeates Former Victorian Premier John Brumby will lead a new inquiry into whether the country needs a specialist agency to police dumping.

Infrastructure critical to exports: report

Australia could be shipping twice as much of its most lucrative commodities by 2025 if the nation takes 'crucial' steps.

Clancy Yeates Australia could be shipping twice as much of its most lucrative commodities by 2025.

European banks slash local lending

European banks have cut their lending to Australian banks by almost $20 billion.

Clancy Yeates European banks have cut their lending to Australian business by almost $20 billion.