Gareth Hutchens

Gareth Hutchens

Retail

Retailers welcome historic RBA rate cut, but business cautions against further cuts

Shopping bags generic

Gareth Hutchens Retailers have welcomed the Reserve Bank’s decision to cut interest rates to historic lows this week, saying consumer confidence will hopefully get a boost from the decision, but big business...

Big business calls on Abbott government to dump 1.5 per cent levy

ACCI chief executive Kate Carnell wants the Abbott government to drop its controversial levy.

Gareth Hutchens, Judith Ireland, Nassim Khadem Big business is pressuring the Abbott government to dump its controversial 1.5 per cent levy, saying if the government’s paid parental leave scheme is not going ahead then business should not...

Rate Cut

2015 BusinessDay Economic Survey: Australian dollar plunges, Reserve Bank rate cut on the cards

Economists are split over whether the RBA will bow to domestic and international pressure to cut rates.

Gareth Hutchens The Australian dollar has plunged to its lowest level since mid-2009, with speculation mounting that interest rates could be cut to historic lows next week.

Economy

Assistant Treasurer Josh Frydenberg says Australia needs to double its efforts to fix the budget

Gareth Hutchens Assistant Treasurer Josh Frydenberg says he is much more concerned about the state of the global economy after his trip to the World Economic Forum.

Reform

Business Council of Australia calls for better political leadership from Canberra

A man of action: Gough Whitlam.

Gareth Hutchens Business Council of Australia pointed to the legacy of Gough Whitlam to say Australia needs similar types of leadership from its current crop of leaders.

Is Australia's economy at risk of deflation?

Gareth Hutchens dinkus Dinkus

Gareth Hutchens A few years ago conservatives in the United States were hyperventilating about the then-chairman of the US Federal Reserve, Ben Bernanke, because they believed his radical monetary policies were...

Will Treasurer Hockey start the year on a positive note?

Hockey

Gareth Hutchens Treasurer Joe Hockey received two bits of good news when he returned from holidays this week, both to do with the jobs market.

Steadier jobs market means further rate cut unlikely

Interest rates on hold.

Gareth Hutchens The Reserve Bank is more likely to keep interest rates on hold in coming months thanks to signs of improvement in Australia’s labour market, according to economists.

Hutchens

Why this obsession with cutting public service jobs?

Gareth Hutchens

Gareth Hutchens Too much discussion about the public sector remains based on ideology, partisan cant and misperception.

Comments 55

Gareth Hutchens

RBA plays the confidence game

Downward pressure: Glenn Stevens wants the dollar to drop to levels last seen a decade ago.

Gareth Hutchens Who would want to be the central bank governor today, with a million critics waiting to pounce on every decision you make?

Economy

Reserve Bank economists say job losses in mining industry are not a bad thing

Mining development is slowing, leading to predictions at least 60,000 resource construction jobs will be lost between this year and 2018.

Gareth Hutchens The fall-off in mining construction in coming years will not lead to a large increase in unemployment, even though resource construction jobs are expected to decline by a massive 60,000, Reserve Bank...

Hard times ahead for Generation Less

MERCURY NEWS LUNCHEON
World Vision CEO and Reverend Tim Costello, who is in town to talk to a business lunch at City beach Function Centre on behalf of the Flagstaff Group.
Friday 22 July 2011
Pic by Andy Zakeli

Rick Feneley and Gareth Hutchens Since World War II, Australians have assumed their children would enjoy a better standard of living than they did. That assumption has been correct – until now.

Gareth Hutchens

Consumer confidence slump: Should we worry?

Shopping

Gareth Hutchens Consumer confidence has now fallen so low that it is back to financial crisis levels.

Comments 133

Economy

Westpac's Bill Evans joins growing RBA interest rate cut rush

Westpac's Bill Evans is tipping an interest rate cut

Gareth Hutchens One of Australia's most watched chief economists believes the Reserve Bank will have to cut the cash rate dramatically in coming months in a bid to pump life into a quickly-deteriorating economy

Gareth Hutchens

Australia's economy is still growing, so why does it feel like we're struggling?

It doesn't matter how much we are producing, but how much we are earning off the back of that, says Chris Richardson, from Deloitte Access Economics.

Gareth Hutchens Australia has an economic growth rate that is still the envy of the developed world, so why does it feel like we are struggling?

ASIC warns it cannot do its job without access to metadata

ASIC chief Greg Medcraft.

Gareth Hutchens and Georgia Wilkins The head of the Australian Securities and Investments Commission has warned that the corporate regulator will not be able to do its job properly if it does not have access to critical metadata that...

Treasury's bias against women exposed by deficient logic

Secretary to the Treasury Dr Martin Parkinson.

Gareth Hutchens Officials of both genders receptive to moves to change a culture preventing women rising to senior positions.

Regulator

ASIC 'powerless' to stop banned financial adviser Peter Holt returning to work

Timbercorp's operations included a number of agribusiness projects.

Gareth Hutchens The Australian Securities and Investments Commission says it is unable to stop banned financial adviser Peter Holt from returning to work once his three-year ban expires.

Dr Martin Parkinson slams big business for calling for cut to the corporate tax rate

Dr Martin Parkinson

Gareth Hutchens Australians need to start talking more about the trade-offs we have to make to achieve important economic objectives, Dr Parkinson says.

Comments 50

FoFA

FOFA reforms: Senate shock spurs financial adviser scramble

Mathias Cormann may have rolled out a Trojan horse in his spirited defence of the government’s changes to the FOFA rules.

Gareth Hutchens, Clancy Yeates, Ruth Liew The financial planning industry faces a frantic scramble to comply with federal law changes governing how they deal with customers after a dramatic day in the Senate.