Clancy Yeates

Clancy Yeates

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

No relief in reductions: expert

money

Clancy Yeates Canberra's attempt to cut company taxes amounts to 'tinkering', says OECD official.

Offshore move gives gloom the boot

Some companies need to leave Australia to survive, writes Clancy Yeates.

Clancy Yeates Some companies need to leave Australia to survive, writes Clancy Yeates.

RBA says boom still blooming

The RBA has hosed down claims the resources boom is over.

Clancy Yeates and Peter Ker The Reserve Bank has hosed down claims that Australia's resource boom is over.

Stevens sees no end of mining boom

Glenn Stevens.

Clancy Yeates RBA chief Glenn Stevens says he sees no sign the mining boom is over and signals that interest rates are likely to stay on hold.

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Olympic Dam on hold as boom peaks

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Peter Ker, Clancy Yeates AUSTRALIA'S biggest resources companies have revealed that more than $50 billion worth of expansion projects will not go ahead as planned, in the latest sign that the peak of Australia's resources...

BHP's Olympic failure leaves $50bn hole

BHP Billiton's iron ore loading facility in Port Hedland will not be expanded.

Peter Ker and Clancy Yeates Australia's biggest resources companies have revealed that more than $50 billion worth of expansion projects have been mothballed.

Borrowers struggling in tourism areas

beach

Clancy Yeates Tourism hot spots and areas favoured by sea-changers have among the highest concentration of borrowers falling behind on their mortgage repayments, figures show.

Henry warns of infrastructure crunch

Ken henry

Clancy Yeates STATE and federal governments must extract more tax revenue if they are to fund ballooning infrastructure needs in decades to come, the former Treasury secretary Ken Henry said yesterday.

Australian firms vulnerable to cyber attacks

Cyber attcks and commercial espionage.

Clancy Yeates The online revolution has left Australian companies increasingly vulnerable to cyber attacks and types of commercial espionage, the nation's spy chief has warned.

Tax revenue outlook 'desperately bad', Henry warns

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Clancy Yeates Governments will be unable to fund the nation's ballooning infrastructure needs unless they can extract more tax revenue from the economy, former Treasury secretary Ken Henry says.

Reining in high dollar vetoed

Is it time to deflate the dollar?

Clancy Yeates and Philip Wen Federal Treasury says currency intervention could unleash economic instability and fan inflation.

No need for dollar intervention: Treasury

Glasses with dollar signs

Clancy Yeates Treasury economists have rejected calls for the RBA to rein in the dollar, saying conventional policies are equipped to handle the strong currency.

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ANZ fees designed to enrich bank: lawyers

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Clancy Yeates A $220 million High Court challenge against excessive bank fees has kicked off with claims ANZ Bank customers were unfairly penalised by over-limit charges.

Perks 'lost' if company tax rate cut

AFR  Generic tax time,  ATO, GST, FBT, ABN,  small business,  blue collar workers, jobs, employment, economy. Tuesday 20 June 2006 AFR photo Louie Douvis SPECIALX 52827

Clancy Yeates Government told Ken Henry's advice of a 25 per cent cut would cost $9.1 billion a year.

Company tax cuts costly: report

Tax cuts

Clancy Yeates Businesses would have to surrender tax breaks worth about $7 billion a year for the government to slash company taxes from 30 per cent to 25 per cent, a new report says.

RBA warns on risks of high dollar

Reserve Bank

Clancy Yeates The Reserve Bank says the stubbornly high Australian dollar may be inflicting more pain than its economic models had suggested, with the currency posing 'important risks' to the economy.

RBA flags 'risks' from high $A

Clancy Yeates THE Reserve Bank has acknowledged in its strongest comments to date that the stubbornly high Australian dollar may be inflicting more pain than it expected, with the currency posing ''important...

RBA highlights strong dollar risk

Rising dollar

Clancy Yeates The stubbornly high dollar may be doing more domestic damage than models suggest, the RBA says.

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Competition, turbulence to keep bank costs 'up for years'

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Clancy Yeates Two of the country's biggest banks warn that funding pressures will keep climbing for years to come.

Banks gouging? It's just a phase they're going through, says Treasury

Treasury's Jim Murphy.

Clancy Yeates Treasury has defended the level of competition between the big banks, and dismissed gouging claims, saying bank profits are ''no greater'' than those of other companies.