David Chau
Business Reporter at ABC News (Australia)
Presenter | Journalist | Business reporter @ABCNews. All views here are my own. News tips: [email protected]
Articles
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1 week ago |
abc.net.au | David Chau
Health and wealth. It's a potent pairing that often divides communities, states and nations. Unlike the United States, where health often is dictated by wealth, the British and Australian health systems are underpinned by government commitments to public health with a supporting private system.
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2 weeks ago |
abc.net.au | David Chau
The Reserve Bank will probably keep cutting interest rates as the balance of risks have "shifted to the downside", according to Barrenjoey chief economist Jo Masters. Donald Trump's tariff policies could lead to weaker global economic growth, while Australian households are becoming more cautious and spending less in the domestic economy, she said. Ms Masters said it's too early to say the war on inflation has been won but Australia has made good progress.
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3 weeks ago |
abc.net.au | David Chau
Good morning, and welcome to the ABC's finance blog. I'll be your guide over the next few hours. It looks like the Australian share market will open higher after a (mostly) positive session on Wall Street, as the relief rally (related to the US-China trade truce) continues. The US and China agreed to pause their trade war for 90 days, and lower tariffs on each other's imports by 115 per cent.
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1 month ago |
abc.net.au | David Chau
The Australian dollar has pushed above 65 US cents — here's how it's travelled over the last few hours:After hitting a five-year low in early April, breaking below the 60 US cent barrier as Donald Trump's tariffs roiled markets. Now, it's heading in the other direction and analysts are predicting it could have further to run from here.
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Mar 4, 2025 |
abc.net.au | David Chau
Good morning, and welcome to our blog! I'll be here to guide you through the morning's latest finance and economic news. The Australian share market is set to fall again today, with ASX futures indicating a 0.3% drop in a few hours. Investor sentiment has turned sour now that America's trade wars have officially begun. In fact, the ASX 200 has now wiped out all the gains it has made since the year began.
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📣 CALL-OUT: Are you currently paying off a home loan, and happy to chat with me on TV? 📉 I'm doing a story for ABC News about next week's RBA decision (which is likely to be an interest rate CUT).🥳So if you're not camera-shy, please send me a DM! #economy #mortgage😀 https://t.co/wj9POJ0wiS
📣 CALL-OUT: Are you paying off a mortgage, and praying interest rates will fall? 📉 There's a chance the #RBA may cut rates at its Feb meeting, and I'm doing a TV story about it for ABC!🏚️ If you're not camera-shy, and would like to chat about it with me, please send me a DM!!🙂 https://t.co/AF6dzKqq6h
The #RBA has left interest rates on hold for more than a year (at 4.35%), and hasn't completely ruled out a rate cut in Feb 2025. Economists are betting on multiple cuts next year (something mortgage-stressed borrowers are praying for). My latest story 👇🏼 https://t.co/bz7iPIlPVJ