Clancy Yeates

Clancy Yeates

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

Sluggish demand, weather hit exports

Clancy Yeates Sluggish Chinese demand and wild weather have triggered a shock plunge in exports.

Record as resources top $190bn

Clancy Yeates Resource companies received a record $190 billion in revenue from mineral and energy exports last year, underlining the riches flowing into corporate coffers from the China-led boom.

Mining boom dumps $190b into Aussie coffers

Mining states help the nation defy global downturn.

Clancy Yeates The resources boom delivered Australia a record $190 billion pay cheque in 2011, despite market jitters causing commodity prices to slide late in the year.

Strong wage growth tipped to drag retail from slump

Clancy Yeates The battered retail industry will emerge from its two-year slump, a new report says.

Consumers set to open wallets again

Wallet

Clancy Yeates THE battered retail industry will emerge from its two-year slump next financial year, as better economic conditions help to lift spending, a new report says.

New forum to slash red tape

Clancy Yeates Business leaders and the nation's top politicians are set to spearhead a push to cut red tape.

More small companies fear damage from high dollar

Clancy Yeates Small companies cited the strong dollar as a concern has risen to 37 per cent last month.

Banks support Swan's bond plan

Clancy Yeates THE banks are supporting plans of the Treasurer, Wayne Swan, to make it easier for small investors to lend money to the country's biggest companies by buying corporate bonds.

Miners ready to invest $120bn

Clancy Yeates Mining companies expect to invest $120 billion next financial year, while manufacturers scale back.

Spending dips but miners see pick up

Mining investment is perdicted to get even bigger in years to come.

Clancy Yeates Business investment has dipped from record highs, but miners still expect to rapidly increase their capital expenditure this year and next, figures show.

Adviser revamp 'may need delay'

Clancy Yeates Key parliamentary committee leaves the door open to a delay in government's shake-up.

Non-profit and in-house super results beat retail funds

super

Eric Johnston, Clancy Yeates APRA figures show annualised returns averaged just 2 per cent over the past five years.

Subsidiaries' tax tightener

Clancy Yeates Tax breaks for subsidiaries of foreign companies may be reined by expert panel looking at how to help companies in the economy's slow lane.

Telstra split approval clears way for NBN

Telstra can now start marketing NBN services.

Clancy Yeates The $36 billion national broadband network has cleared its last big hurdle, after Telstra’s plan to split itself in two was approved by the competition watchdog.

Telstra split approval clears way for NBN

Clancy Yeates The $36 billion national broadband network has cleared its last big hurdle, after Telstra’s plan to split itself in two was approved by the competition watchdog.

Watchdog bites on capital rules

Eric Johnston and Clancy Yeates The prudential regulator has dismissed calls to push back the introduction of tough new rules.

$150m at stake in reform delay

Financial Services Minister Bill Shorten.

Clancy Yeates Financial advisers could pocket an extra $150 million in commissions if the government agrees to industry demands to delay its overhaul of financial advice.

Brown to keep up tax fight

Clancy Yeates The Greens pledge to continue their push to have the mining tax extended to other minerals amid claims the tax will fail to raise enough revenue.

Resource boom 'not to blame' for manufacturing losses

Mining

Clancy Yeates Mining industry rejects claims boom is wiping out jobs by holding the dollar high.

Push to open up perks to scrutiny

Clancy Yeates COMPANIES may be forced to disclose the payment of hidden dividends on unvested performance shares under a government plan to make executive pay more open.