Chris Bowen presented at the National Press Club on Tuesday as a well-prepared alternative treasurer, who could slot into the real job very easily if July 2 brought the chance. “Neat” is the word that…
The federal budget deficit from now through to 2018-19 is likely to be $129 billion, $21 billion worse than in the December official budget update, according to Deloitte Access Economics.
The general loss of faith in the economy is the most important issue President Zuma must address. More radical social and economic transformation, with emphasis on land reform will be most critical.
Australia should not be complacent about maintaining its top credit rating, which depends on achieving budget repair and a more diverse economy, Treasury secretary John Fraser has said.
Academics from several South African universities say that in the current world economy decisions about any country’s finance minister cannot be made “lightly or capriciously”.
Credit rating agencies have come in for a lot of flack. But the bottom line is that to attract investors with deep pockets countries can’t avoid having a credit rating. And a good one at that.
China plans to create a credit reporting system that ranks people on trustworthiness using a all kinds of data, from finances to Facebook. Sound far-fetched? It’s happening in the US too.
Qantas has flagged deteriorating trading conditions and a potential A$300 million half-year loss in a statement to the market that has sent its share price tumbling. The airline has stepped up its cost…
Evaluating the creditworthiness of countries is far from an exact science, yet the influence of credit ratings agencies is extraordinary. Recently, the UK government’s debt rating has been downgraded by…
Kevin Davis, Australian Centre for Financial Studies
Five billion dollars is a lot of money — and that is the amount which the US Justice Department claims were losses incurred by US banks and credit unions from investing in CDOs rated by Standard &…
For decades, credit ratings agencies were largely ignored by the masses, but in recent months they have continued to hit the headlines again and again. The big three (Standard & Poor’s, Moody’s and…