The gas deal has been welcomed by the chief executive of the Tomago aluminium smelter, Australia's single biggest user of energy.
Chief executive Matt Howell tells ABC's Peter Ryan the agreement is critical to "keeping the lights on".
Follow the ABC's Peter Ryan. Analysis of global and Australian business, finance and economics.
Friday, January 31, 2020
Thursday, January 30, 2020
ANZ sees $450m monthly hit to economy as coronavirus fears rise
ANZ economists predict the impact of the coronavirus could mean a $450 million monthly hit as Chinese tourists stay away.
ANZ sees economic growth being shaved by 0.2 percent over 2020.
ANZ economist Hayden Dimes speaks with ABC's Peter Ryan.
ANZ sees economic growth being shaved by 0.2 percent over 2020.
ANZ economist Hayden Dimes speaks with ABC's Peter Ryan.
"More to be done" - banks lobby chief Anna Bligh contrite a year on from Hayne Royal Commission final report
A year after Kenneth Hayne released the banking royal commission's final report, chief lobbyist Anna Bligh is contrite, conceding there is "still much more work to be done."
After initially describing revelations of shocking misconduct as "shameful", Australian Banking Association chief executive Anna Bligh says $5.8 billion has been paid out to jilted customers.
Speaking with ABC's Peter Ryan, Ms Bligh did not rule out the possibility that banking executives could still face civil or criminal charges.
After initially describing revelations of shocking misconduct as "shameful", Australian Banking Association chief executive Anna Bligh says $5.8 billion has been paid out to jilted customers.
Speaking with ABC's Peter Ryan, Ms Bligh did not rule out the possibility that banking executives could still face civil or criminal charges.
Wednesday, January 29, 2020
"Buy now, pay later" sector unveils consumer protection code in face of concerns from ASIC and parliamentary inquiry
The increasingly popular "buy now, pay later" sector is promising better safeguards for vulnerable customers at risk of getting in over their heads with excessive credit.
In a code of practice being released today, new and disruptive credit providers including Afterpay, Zip Co, Latitude and Openpay will commit to safeguards such as capping late fees, screening the ability of customers to repay and to never initiate bankruptcy procedures.
Australian Financial Industry Association chief executive Diane Tate speaks with ABC's Peter Ryan.
In a code of practice being released today, new and disruptive credit providers including Afterpay, Zip Co, Latitude and Openpay will commit to safeguards such as capping late fees, screening the ability of customers to repay and to never initiate bankruptcy procedures.
Australian Financial Industry Association chief executive Diane Tate speaks with ABC's Peter Ryan.
Tuesday, January 28, 2020
Australian stocks dive on coronavirus fears; Future Fund chairman Peter Costello warns of potential negative impact on Australia's economy
Australia stocks have dived on fears about the fast spreading coronavirus and uncertainty about how China will contain it.
Travel, hotel, casino and technology stocks were hardest hit.
Future Fund chairman Peter Costello tells ABC's Peter Ryan that the virus could be a short term negative for Australia's economy.
Travel, hotel, casino and technology stocks were hardest hit.
Future Fund chairman Peter Costello tells ABC's Peter Ryan that the virus could be a short term negative for Australia's economy.
Global markets slammed on coronavirus fears as travel, hotel, casino stocks reel
Global stocks have dived on fears about the fast spreading coronavirus and how China will contain it.
Travel, hotel, casino and technology stocks were hardest hit.
Commsec chief economist Craig James tells ABC's Peter Ryan that Australia is exposed given the economy's reliance on resource exports to China.
Travel, hotel, casino and technology stocks were hardest hit.
Commsec chief economist Craig James tells ABC's Peter Ryan that Australia is exposed given the economy's reliance on resource exports to China.
Monday, January 27, 2020
Dodgy "middlemen" gouging vulnerable bushfire victims on insurance claims
Dodgy middlemen are gouging vulnerable bushfire victims with excessive fees with promises to expedite insurance claims, the Australian Financial Complaints Authority is warning.
AFCA's chief operating officer Justin Untersteiner says some victims have been bullied by middlemen and confronted in person or via "cold calls".
I spoke with Mr Untersteiner on this morning's edition of AM.
AFCA's chief operating officer Justin Untersteiner says some victims have been bullied by middlemen and confronted in person or via "cold calls".
I spoke with Mr Untersteiner on this morning's edition of AM.
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