Peter Ryan
Peter Ryan_ABC News Soundcloud
Peter Ryan is the one of the ABC's most experienced journalists, contributing to a range of ABC News programs including the flagship radio current affairs program AM, The World Today, PM and ABC NewsRadio. With more than 30 years of journalism experience, Peter rejoined the ABC in 2003 as Executive Producer of the ABC Television's Business Breakfast program. In 2006, he oversaw the development of two new business programs - Lateline Business on ABC Television and Business Today on the ABC's Asia Pacific television service, Australia Network. Peter's previous journalism career included three ye...
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Episodes
Bus Stop Films chief executive Tracey Corbin-Matchett recognised on King's Birthday Honours 12.06.2023 9:36
Work in the disability community has also been recognised in this years King's Birthday Honours. Tracey Corbin-Matchett has received an O A M for her work as chief executive of Bus Stop Films. It's a not for profit film school and production company that raises the profile of people with disabilities and other marginalised groups. Tracey Corbin-Matchett speaks with the ABC's Nas Campanella.
Commonwealth Bank sees 50-50 chance of a recession by year's end 11.06.2023 6:07
Evidence is growing that Australia might fall into a recession later this year under the weight of aggressive interest rate rises from the Reserve Bank. And the signs are getting ominous after weak economic data last week prompted the Commonwealth Bank to downgrade its forecasts - now seeing a 50 percent chance of a recession.
Recession fears rise as anxious consumers batten down 08.06.2023 3:42
Fears of a recession are growing after a rough week for the economy. Another interest rate rise - and the risk of more to come - has sharemarket investors nervous on evidence that consumers are slashing household budgets. So how much more can households take? Reporter: Peter Ryan, ABC Senior Business Correspondent Featured: Andrew Mitchell, Ofhir Asset Management
UBS warns on mortgage stress - repayment buffers narrow and more borrowers switch to "interest only" 08.06.2023 4:44
As twelve interest rates rises since May last year begin to lash the economy, there's more evidence that borrowers are under increasing stress from surging repayments. Global investment bank UBS thinks that in addition to borrowers being stressed, major banks might also soon come under pressure if households can't meet their mortgage commitments. I speak with UBS head of banking research John Stor...
Cashed-up downsizers go "mortgage free" as generational divide widens. I speak on ABC Newsradio 07.06.2023 5:09
Cashed-up downsizers go "mortgage free" as generational divide widens. I speak on ABC Newsradio by Peter Ryan
Cashed-up downsizers go "mortgage free" as generational divide widens 07.06.2023 3:46
Despite 12 interest rates since May last year, a quarter of all residential properties were bought outright with cash last year according to the digital settlements company PEXA. That might surprise or upset many people struggling to pay their mortgage, but the shift of downsizers to regional Australia is a significant demographic shift that highlights the generational divide. Reporter: Peter Ryan...
Economy slowing faster than expected as aggressive rate rises bite households 07.06.2023 3:57
Australia's economy is rapidly slowing under the pressure what's now twelve Reserve Bank interest rate rises since May last year. The Australian Bureau of Statistics shows household spending as been hit with consumers focussing in essential items. Reporter: ABC Senior Business Correspondent Peter Ryan Featured: Philip Lowe, Reserve Bank governor
RBA rate rises creating imbalances in society; cheque's not in the mail, to be gone by 2030 06.06.2023 7:08
After the 12th interest rate rise in 13 months, the pain for Australian borrowers is getting worse and there's little hope of a reprieve in the coming months. So just when will the Reserve Bank's campaign against inflation end and cost the aggressive rates strategy trigger a recession? Also Jim Chalmers announces the demise of the cheque and says there'll be history by 2030.
As it happened - Reserve Bank hikes cash rate to 4.1pc as inflation battle heightens 06.06.2023 3:44
The Reserve Bank has delivered on bets by raising the cash rate by 0.25 percentage points to 4.1 percent. RBA governor Philip Lowe warns while inflation has peaked, at 7 percent on the most recent quarterly reading it's still too high. Here's my breaking news coverage on the Perth edition of The World Today.
More rates pain likely as Reserve Bank on brink of 12th hike since May 2022 05.06.2023 2:25
It's another tense day ahead for anyone struggling with rising mortgage repayments. The Reserve Bank might be about to add to the pain at today's monthly meeting with what could be the 12th interest rate rise since May last year.
Bets rising for 12th Reserve Bank rate rise since May last year - but will RBA hold off to see GDP? 04.06.2023 4:24
It's another big week for economic news with the Reserve Bank board meeting tomorrow to gauge the impact of eleven interest rate rises since May last year. With inflation still running hot, the RBA looks like being on a knife edge about about the need to raise rates once again.
Fair Work Commission rejects fears 5.75pc minimum wage increase risks wage-price spiral 02.06.2023 4:59
Millions of low income workers struggling with the surging cost of living are about to get some long-awaited relief with the Fair Work Commission delivering a minimum wage increase of 5.75 percent from the first of July. The wages boost is less than unions had demanded but in making the decision, the Commission it won't cause a wages brackout and end up fuelling inflation. Reporter: ABC Senior Bus...
Fair Work Commission gives 5.75pc minimum wage increase, not worried about wage price spiral 02.06.2023 3:19
Millions of low income workers struggling with the surging cost of living are about to get some long-awaited relief. The Fair Work Commission has just announced workers on the minimum wage will get a percent increase from the first of July. The decision to ensure the minimum wages keeps up with inflation has been broadly welcomed and it unlikely to fuel inflation.
Surprise minimum wage increase could worry Reserve Bank, T-Corp chief economist Brian Redican warns 01.06.2023 4:41
Millions of low income workers struggling with the surging cost of living will be could get some relief later this morning when the Fair Work Commission reveals it's latest decision on the minimum wage. Some economists are predicting an increase of seven percent so minumum wages keep up with inflation. But Brian Redican chief economist at T-Corp says any surprise increase above seven percent could...
PwC contracts to be reviewed by Dept of Industry; BHP in worker underpayment scandal 01.06.2023 4:41
Another powerful government department is the latest to review its relationship with PwC as the scandal over its confidentiality breaches continues to escalate. Department of Industry secretary Meghan Quinn has asked PwC for assurances that it has been acting ethically. Meanwhile, PwC isn't the only company under fire for shoddy practices with mining giant BHP admitting to massive worker underpaym...
Did PWC partner Peter-John Collins get off lightly with two year ban? 31.05.2023 6:08
Greens senator Barbara Pocock grills Tax Practicioners Board chairman Peter de Cure about the two year ban imposed on disgraced PWC partner Peter-John Collins. Senator Pocock says Mr Collins should have been hit with the maximum five year ban and questions the composition of the Tax Practicioners Board which includes two former PWC partners.
PwC working for Reserve Bank but governor Philip Lowe slams tax leak behaviour as "appalling" 31.05.2023 5:29
In more evidence about the wide reach of PwC, Reserve Bank governor Philip Lowe has revealed he's one of the scandal-plagued consulting firm's many clients. Appearing before Senate Estimates, Mr Lowe confirmed PwC is helping to resolve worker underpayments at the RBA but says he's appalled at the firm's behaviour and that there should be "serious consequences". Reporter: ABC Senior Business Corres...
Tax Office frustrated in PwC tax leak probe despite alerting AFP in 2018 30.05.2023 5:45
The scandal at the embattled consultancy firm P-W-C is getting murkier by the day. The latest revelation is that the Australian Federal Police was tipped off about a leak of confidential tax information five years ago - but an investigation never got off the ground because of complex secrecy rules. Former head of the Banking Royal Commission Kenneth Hayne - without directly referring to PwC - said...
If not so serious, I'd call it theatre. The PWC scandal dominates Senate Estimates. 30.05.2023 7:17
If not so serious, I'd call it theatre. The PWC scandal dominates Senate Estimates. I speak on RN Drive with Andy Park
Crown agrees to proposed $450m fine for anti-money laundering breaches 30.05.2023 5:36
The Crown Resorts casino empire is bracing for a 450 million dollar fine that's been negotiated with the financial crime agency AUSTRAC. The proposed penalty - if signed off by the Federal Court - would be one of the biggest in Australian corporate history and ends damaging legal action over anti money laundering breaches and evidence of links with criminal gangs.
"ok until the ATO figures out the joke" - PWC emails highlight confidentiality breaches 30.05.2023 4:11
The global consulting firm PwC has been under fire once again today with a string of emails revealing the depth of confidentiality breaches over changes to tax avoidance laws back in 2015. Taking questions during a senate estimates hearing, Treasury secretary said PwC's exploitation of a secret briefing is "clearly disturbing" and was a major factor in asking the Federal Police to consider a crimi...
PWC apology "too little too late". Have we learned from Royal Commissions into banks and casinos? 29.05.2023 5:32
The heat is turning up on the embattled consulting giant PwC as pressure grows for the firm to be banned from all government business. That's despite PwC putting nine partners on immediate leave and the firm's acting chief executive apologising for confidentiality breaches about a multinational tax avoidance crackdown.
PwC puts nine partners on leave, "ringfences" fed gov't work as crisis widens 29.05.2023 3:28
The global advisory firm PwC has moved to stem the damage from a massive confidentiality breach that has become a full blown crisis. PwC is putting more partners on "leave" and is working to ringfence lucrative government business in a bid to salvage the firm's reputation.
PwC links all-pervading. Australian Naval Infrastructure boss grilled on top secret subs information 28.05.2023 5:05
The global advisory firm PwC is preparing for another week of damage control with no let-up in calls for it to be banned from all federal government consulting work. With a scandal over confidentiality breaches now being investigated by the Federal Police, the next few days will see the heat continue for PwC during Senate Estimates hearings. Australian Naval Infrastructure boss Andrew Seaton confi...
Should PwC be outsted from all gov't work? Finance Min Katy Gallagher rejects outright ban 25.05.2023 5:25
As the crisis at PwC deepens, pressure is growing for the consulting giant to be banned from all federal government work as a Federal police investigation gets underway. But how realistic is that given the enormous reach of P-W-C into almost every level of government? Finance Minister Katy Gallagher has pushed back on suggestion for an outright ban on PwC.
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