Nick Grimm

Sydney

Journalist and Presenter at ABC News (Australia)

Journalist and journeyman. This account reflects my personal views and does not represent the views of the Australian Broadcasting Corporation.

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Articles

World markets falling again

1 week ago | abc.net.au | Nick Grimm

After recovering yesterday, world markets have dropped again today as concerns grow about a likely trade war between the United States and China. The global uncertainty worsened with the Trump administration clarifying its tariff on Chinese goods is now 145 per cent, not 125 per cent as it had previously announced.
Series of interest rate cuts expected - ABC listen

2 weeks ago | abc.net.au | Nick Grimm

Amid the turmoil and uncertainty sending world financial markets on a roller coaster, for Australian households still struggling with cost-of-living pressures there could be a silver lining to the economic stormclouds. Markets are now tipping the RBA could move to make four more mortgage interest rate cuts by the end of the year, with expectations that there will be a substantial half-a-per-cent cut announced next month.
"Don't panic" message for Australians with shares

2 weeks ago | abc.net.au | Nick Grimm |Nicole Hegarty

The Trump-led sharemarket rout has left many Australians anxiously checking their superannuation balances. With tens of billions of dollars wiped off the Australian market, there's signs of panicked transactions as investors try to minimise their exposure to heavy losses.
Recession fears grow amid Trump's tariffs

2 weeks ago | abc.net.au | Nick Grimm

Fears of a recession are growing inside the United States and across global markets in the wake of Donald Trump's swathe of tariffs slapped on its foreign trading partners. But the US President is still promising boom times ahead, reassuring Americans that short-term pain will quickly make way for long-term gain.
Trump sends global markets tumbling

2 weeks ago | abc.net.au | Nick Grimm

Global markets are tumbling as uncertainty grips the world economy in the wake of Donald Trump's tariffs on America's trading partners, Australia included. In the US close to $5 trillion has been wiped off Wall Street as investors reel from the biggest shock to markets since COVID. Its a dramatic turnaround from record highs recorded just a few months ago, as the incoming Trump administration's promise of business-friendly policies sent stocks surging.
Home prices on their way back up

3 weeks ago | abc.net.au | Nick Grimm |Myles Houlbrook-Walk

Today's interest rate decision comes as new data shows that property prices and rents have reached new highs. Research from Corelogic shows house prices rose in all capital cities, except Hobart in the weeks after the RBA cut mortgage rates back in February. It comes as housing affordability shapes as a key election battleground for the major parties.
Trump looms over Canadian snap election

1 month ago | abc.net.au | Nick Grimm

As the shadow of Donald Trump looms over Canada, the nation's new Prime Minister has called an early election for next month. Mark Carney says he needs a strong mandate from voters to fight punishing American tariffs and send a clear message there's no way Canada will become the 51st state of the United States.
Ukraine hopeful of lasting peace

1 month ago | abc.net.au | Nick Grimm

Ukraine President Volodymyr Zelensky says his phone conversation with Donald Trump was "very good" and has raised his hopes of a lasting peace being achieved this year. But securing Russia's commitment to a ceasefire remains elusive, with both sides accusing each other of already breaching an agreement to stop attacks on energy infrastructure.
Russia puts conditions on ceasefire - ABC listen

1 month ago | abc.net.au | Nick Grimm

Russian President Vladimir Putin is demanding an immediate halt to military aid and intelligence provided to Ukraine before he's prepared to contemplate Donald Trump's proposed 30-day ceasefire in the war. After a long phone conversation between the two leaders, the Russian President did accept a more limited attempt to scale back fighting, agreeing to stop attacks on Ukraine's energy infrastructure.
Ukraine ceasefire still eludes Trump

1 month ago | abc.net.au | Nick Grimm

Donald Trump famously vowed he'd end the war in Ukraine on his first day in the White House. But two months in, he's finding a resolution to the crisis is proving more difficult to secure. His much-touted phone conversation with Vladimir Putin overnight has failed to secure a permanent ceasefire with the Russian President offering some concessions along with some major demands.