Michael Janda
Business Editor at ABC News (Australia)
ABC business reporter https://t.co/knlFvfeWsH. Sydney Uni political economy & UTS law graduate. Views expressed are my own, not the ABC's.
Articles
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2 weeks ago |
abc.net.au | Michael Janda
Asian markets, including Australia, are set for further turmoil today as they will be the first to react to the scheduled implementation of reciprocal tariffs this afternoon. While the blanket 10% minimum tariff on all imports into the US already took effect over the weekend, the larger tariffs of up to 50% on nations with whom the US runs a trade deficit will start being charged from 12:01am on April 9 US eastern time — currently 2:01pm AEST.
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2 weeks ago |
abc.net.au | Michael Janda
The current market sell-offs similarities to the global financial crisis are uncanny and unnerving.
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2 weeks ago |
abc.net.au | Stephen Letts |Stephanie Chalmers |Michael Janda |Luke Cooper |Emilia Terzon
The ASX 200 index plunged more than 6 per cent at the open before regaining some ground. But it was still the biggest one-day fall for local shares since COVID-19.
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2 weeks ago |
abc.net.au | Michael Janda
The Australian dollar has dropped below 60 US cents for the first time since the COVID-19 pandemic. At 8:30am AEDT it was worth 59.91 US cents, but had traded as low as 59.33 US cents shortly after 8am, according to Bloomberg data. The last time the Aussie dollar traded this low was for a few days in March 2020 and one day in April 2020. Prior to that, the Australian dollar traded close to 60 US cents during the height of the global financial crisis.
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2 weeks ago |
abc.net.au | Michael Janda
It is impossible to overstate how significant this week's events have been for the global economy. Donald Trump's rambling press conference in the White House Rose Garden on April 2, 2025, may soon come to be seen as the most significant financial event since the Lehman Brothers bankruptcy on September 15, 2008. It's possible history will ultimately judge it as even more significant.
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This headline says everything: https://t.co/TiPKSTiRSq
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