Main Street with the ABC's Peter Ryan

Follow the ABC's Peter Ryan. Analysis of global and Australian business, finance and economics.

Thursday, September 26, 2024

Small but growing number of borrowers are experiencing financial stress from rate shock - Reserve Bank

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Australian households continue to be resilient in the face of aggressive interest rate rises and the high cost of living - though a small bu...
Tuesday, September 24, 2024

When you're in a hole, stop digging. Could Coles, Woolworths settle with the ACCC on fake discount allegations?

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Trust, reputation, social licence. Words we often hear from big corporates as they weave their way through a myriad of political, regulatory...
Monday, September 23, 2024

Coles, Woolworths cop a sharemarket savaging after ACCC alleged supermarket giants systematically mislead consumers on discounts

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Australia's supermarket giants Woolworths and Coles are being taken to court for allegedly misleading consumers about price discounts on...
Thursday, September 19, 2024

US interest rates slashed amid recession fears; Jerome Powell reasserts Federal Reserve independence from politics ahead of US presidential election

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In a move that could influence other central banks around the world, the US Federal Reserve has cut interest rates by a larger-than-usual ha...
Wednesday, September 18, 2024

Business Council lashes PM - rejects "scapegoat" status because of "taboo" profits

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Faced with a cost-of-living crisis, a slowing economy and a looming federal election - the Prime Minister is now seeing his relationship wit...

Business Council president Geoff Culbert slams PM over unfriendly policies where "success is taboo" in Australia

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It's now becoming clear that the short-lived love affair between the Prime Minister and big business has come to an abrupt end. Anthony ...
Tuesday, September 17, 2024

Tensions running high between PM and big business over economic reforms; PwC woes in China over Evergrande audit

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Prime Minister Anthony Albanese is bracing for a most likely frosty reception when he catches up with top business chiefs this evening in Sy...
Monday, September 16, 2024

US rate cut near certain on Thursday (Aust time). The question is "by how much?"

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On Thursday morning (Australian time) , the Federal Open Market Committee - the equivalent of Australia's Reserve Bank board - ends a tw...
Thursday, September 12, 2024

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After months of pressure, the chief executive of Nine Entertainment Mike Sneesby has announced he's leaving the company. Mr Sneesby'...

US interest rate cut most likely cemented after inflation slows closer to Federal Reserve's 2 percent target

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A long-awaited interest rate cut in the United States looks almost certain after more good news on the pace inflation overnight. So could th...
Wednesday, September 11, 2024

From The Vault - ABC News on the 1986 launch of Holden's VL Commodore

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Global oil price now below US$70 a barrel; Apple's double Irish tax deal unravels

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Like most people, you're probably growing weary of "bill shock" at the petrol bowser. But could there be relief in sight as th...
Tuesday, April 23, 2024

Star Entertainment executive chair David Foster privately suggested abolishing NSW casino regulator, inquiry hears

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Star Entertainment executive chairman David Foster privately canvassed abolishing the independent casino regulator in New South Wales despit...
Thursday, April 18, 2024

AUSTRAC slaps businesses with fines for failing to comply with anti-money laundering, counter-terror financing laws

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The financial intellegence agency has slapped a range of businesses with infringement notices for failing to comply with their reporting obl...
Friday, March 1, 2024

Pandemic super raid to cost $85 billion as more retirees tap aged pension - according to Super Members Council

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Four years after the pandemic emergency was declared, the massive financial and social cost of allowing Australians to raid their retirement...
Wednesday, February 14, 2024

Higher mortgage stress but "still resilient" economy: Commonwealth Bank boss Matt Comyn

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Commonwealth Bank chief executive Matt Comyn says there has been a slight increase in loan arrears and impairments as Australians struggle t...
Monday, February 12, 2024

Jobless likely to tick to 4 per cent; Commonwealth Bank to deliver another bumper profit in snapshot of broad economy health

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Australia's unemployment rate is likely to tick slightly higher when official figures are released on Thursday. LISTEN TO MY OUTLOOK ON ...
Friday, February 9, 2024

Reserve Bank governor Michele Bullock cautious on rate cuts while inflation remains above 4 per cent

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Reserve Bank governor Michele Bullock warns there "still some way to go" to meet the midpoint of the inflation target range of 2 t...

Robots at home, smart kitchens, smart bathrooms - NBN Co boss Stephen Rue on AI future

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Robots in the home, smart kitchens, smart bathrooms, better healthcare and virtual reality becoming part of our lives. That's the not-to...
Thursday, February 8, 2024

"the last of the old school bankers" - National Australia Bank chief executive Ross McEwan to retire with Andrew Irvine to take over

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Five years ago, the National Australia Bank was in deep damage control after losing both its chief executive Andrew Thorburn and chairman Ke...
Tuesday, December 19, 2023

Reserve Bank board considered pre-Christmas rate hike but paused on "encouraging signs" about slowing inflation

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The Reserve Bank board left official interest rates on hold a fortnight ago given "encouraging signs" that aggressive hikes are co...
Friday, December 15, 2023

Tax identity fraudsters stealing billions of dollars from hijacked tax accounts. Inspector-General of Taxation launches probe.

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Inspector-General of Taxation Karen Payne is investigating the theft and hijacking of personal information that's allowed millions of do...
Tuesday, December 5, 2023

Have interest rates peaked - can we expect rate cuts next year? Optimism as Reserve Bank leaves rates steady 4.35pc

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  Also here's my special breaking coverage for the Perth edition of The World Today
Wednesday, November 8, 2023

Michele Bullock's honeymoon over as RBA boss hikes rates for 13th time since May 2022

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After a relatively smooth induction as Reserve Bank governor, it seems the honeymoon's over for Michele Bullock. Her decision to hike in...
Tuesday, November 7, 2023

As it happened. Reserve Bank in 13th rate hike since May 2022 on fears that inflation will stay higher for longer.

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In what appears to have been a lineball decision, the Reserve Bank board used its Melbourne Cup Day meeting to raise the official cash rate ...
Wednesday, October 11, 2023

Going, going ... Goyder. Qantas chairman eyes early exit "in recognition of reputational issues"

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After weeks of pressure, Qantas chairman Richard Goyder has announced he'll step down and leave the airline some time next year.  The de...
Monday, October 9, 2023

Peter Costello to step down from Future Fund after 14 years as Treasurer Jim Chalmers continues "renewable" of key institutions

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Former Liberal Treasurer Peter Costello won't be seeking a third term as chairman of the federal governments Future Fund. Here's my ...
Friday, October 6, 2023

A rising number of households on the cusp of financial stress, but Reserve Bank says banking system isn't at risk

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Australian homes and businesses are vulnerable to financial stability risks as rising inflation and interest rates continue to pressure the ...

Fair Work Ombudsman Anna Booth vows to use criminal penalties to clamp down on wage theft

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Newly-appointed Fair Work Ombudsman Anna Booth has vowed to use yet-to-be legislated criminal penalties against employers who deliberately u...
Monday, October 2, 2023

Not a safe bet, but Melbourne Cup Day rate hike a rising risk

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After twelve interest rate rises since May last year, bets are rising that troublesome inflation might force the Reserve Bank to deliver yet...
Tuesday, September 26, 2023

Pilots urge emergency ejection of Qantas chairman Richard Goyder

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Pressure is continuing to grow on Qantas chairman Richard Goyder - this time from pilots who are calling for his head. The Australian and In...
Friday, September 22, 2023

Rupert Murdoch steps aside to become "emeritus chairman" of News Corporation and Fox Corporation. But is he really retiring?

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I woke up about 40 minutes earlier than usual this morning and stumbled at my bedside as I looked for my Iphone. My bleary eyes immediatly w...
Tuesday, September 19, 2023

Inflation beast still a real and present danger, Reserve Bank minutes warn

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The Reserve Bank has signalled that inflation remains a clear and present danger to the economy and that another interest rate rise can’t be...
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Peter Ryan
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