Peter Ryan
Peter Ryan is the ABC's senior business correspondent. With more than 30 years of journalism experience, he contributes to a range of ABC News programs including the flagship radio current affairs programs AM, The World Today and PM, in addition to ABC News Channel and ABC News Online. Peter is a former ABC business editor, Washington bureau chief and head of TV news and current affairs in Melbourne. Peter was the founding editor of Lateline Business and was executive producer of the ABC's Business Breakfast program.
Latest by Peter Ryan
Reserve Bank left rates on hold after 'encouraging signs' that aggressive hikes were taming inflation
By senior business correspondent Peter Ryan
Newly released minutes from the RBA's December cash rate meeting show the central bank decided to leave official interest rates on hold after seeing "encouraging signs" that aggressive hikes were working to win the inflation battle.
Inspector-General of Taxation investigates ATO myGov scams
By senior business correspondent Peter Ryan
The inspector-general of taxation is investigating the theft and hijacking of personal information that has allowed millions of dollars of tax fraud by professional scammers.
'Growing signs' businesses were passing on cost increases to consumers prompted latest RBA rate hike
By senior business correspondent Peter Ryan and business reporter Kate Ainsworth
Minutes from the RBA's November meeting show the central bank decided to lift interest rates to their highest level in 12 years because of alarming signs that some businesses were passing on higher inflation costs to consumers.
Analysis
analysis:Kelly Bayer Rosmarin's fate at Optus was sealed well before her resignation was public knowledge
By senior business correspondent Peter Ryan
Kelly Bayer Rosmarin was highly regarded as a corporate warrior after surviving last year's cyber attack fallout, but her fate at Optus was decided earlier than Monday morning's announcement, writes Peter Ryan.
A rising number of households on the cusp of financial stress, says Reserve Bank
By senior business correspondent Peter Ryan
A rising number of households in financial stress, but the RBA says it won't threaten our banking system
New Fair Work Ombudsman vows to use criminal penalties to clamp down on wage theft
By senior business correspondent Peter Ryan
Newly appointed Fair Work Ombudsman Anna Booth vows to use yet-to-be-legislated criminal penalties against employers who deliberately underpay or rip off their workers.
A scathing review into PwC's culture unearths a 'whatever it takes' attitude that resulted in 'integrity failures'
By senior business correspondent Peter Ryan
An independent review into governance, culture and accountability at consulting giant PwC has singled out the "excessive power" of the firm's chief executive and poor practices which went "unexamined and uncorrected" for years.
Updated
'We know we've let people down': Qantas chairman dodges calls to quit
By senior business correspondent Peter Ryan
In his first broadcast interview since ACCC allegations became public, Qantas chairman Richard Goyder maintains he has the confidence of the board and says major investors want him to stay.
RBA can't rule out another rate rise this year but higher petrol costs complicate matters
By senior business correspondent Peter Ryan
The increasing cost of petrol could complicate the Reserve Bank's attempts to get inflation down, board minutes shows.
Updated
'Still risks everywhere': RBA left rates on hold amid fears of an unemployment spike
By senior business correspondent Peter Ryan and business reporter Michael Janda
The Reserve Bank left interest rates on hold this month on fears that another rise could trigger a spike in unemployment, as the outgoing governor calls for politicians to tackle difficult productivity reforms.
Updated
The Reserve Bank almost left interest rates on hold this month, but it also wants the unemployment rate to rise
By senior business correspondent Peter Ryan and business reporter Gareth Hutchens
Minutes from this month's RBA board meeting show interest rates were almost kept steady this month, but it wants to slow employment and economic growth.
Updated
Analysis
analysis:Going out on a high: Alan Joyce is ejecting after 15 years at the controls, but what awaits his successor?
By business reporter Michael Janda and senior business correspondent Peter Ryan
It could turn out that Alan Joyce's exit as Qantas boss is the least turbulent time of his 15 years running Australia's flag carrier, but what flying conditions will his successor Vanessa Hudson inherit?
Updated
The RBA paused to give itself time, not as a signal rate rises are definitely over, minutes show
By senior business correspondent Peter Ryan and business reporter Michael Janda
The Reserve Bank reveals its decision to pause its aggressive interest-rate-hiking strategy was a close call, while again warning that more hikes might be needed to tame inflation.
Updated
Government stands by 'inappropriate' income tax cuts, despite IMF's call to ditch them
By senior business correspondent Peter Ryan
The Albanese government is being urged to embark on a range of unpalatable economic and tax reforms to pay for massive spending already baked into its budget.
Updated
'History has been made today': Cannon-Brookes scores big win over AGL board
By business reporter Michael Janda and senior business correspondent Peter Ryan
Billionaire Mike Cannon-Brookes scores a resounding victory at AGL's annual general meeting, with all four of his independent director candidates appointed to the energy giant's board.
Updated
'We are already seeing a downturn': CBA boss says Australians are cutting back spending after rate rises
By business reporter Michael Janda and senior business correspondent Peter Ryan
The Commonwealth Bank announces a 9 per cent increase in profits, despite a fall in its home loan interest margins.
Updated
The Reserve Bank is about to run a digital currency pilot that could eventually kill stable coins
By business reporter Michael Janda and senior business correspondent Peter Ryan
The Reserve Bank of Australia will trial its own digital currency as part of a research project to evaluate the future of Central Bank Digital Currencies (CBDC) in Australia.
Updated
ANZ announces $5 billion Suncorp Bank takeover
By business reporter Michael Janda and senior business correspondent Peter Ryan
Suncorp accepts a $4.9 billion bid from ANZ to take over its banking business, as the big four bank seeks to accelerate its growth.
Updated
New ACCC chair vows to target price gougers, plays down Murdoch family links
By senior business correspondent Peter Ryan
The new ACCC chair says she will target retailers who try and take advantage of floods, war and the pandemic to price gouge consumers. Gina Cass-Gottlieb has also played down her recent close professional relationship with the Murdoch family.
Pre-election 'cash splash' now would risk hard turn to austerity later, former Treasury economist warns
By senior business correspondent Peter Ryan
Josh Frydenberg is being warned that massive federal government debt from emergency pandemic spending could double in coming decades as borrowing costs rise and spending costs blow out.
Forrest pulls back on Russian investments, while BP may take $US25 billion hit to exit the country
By business reporters Michael Janda, Peter Ryan and wires
Russia is being dealt more financial blows, with Australian billionaire Andrew Forrest pulling back on hydrogen investments there, while oil giant BP and Norway's sovereign wealth fund are also divesting from the country.
Updated
Mike Cannon-Brookes and Brookfield face multiple regulatory hurdles in AGL bid
By senior business correspondent Peter Ryan
The consortium being led by billionaire Mike Cannon-Brookes will face multiple regulatory hurdles to take over energy producer and retailer AGL, even if it can get the target company to agree to a deal.
New budget airline Bonza eyes a hungry cut price domestic market with planned 2022 launch
By senior business correspondent Peter Ryan and business reporter Samuel Yang
A major US investment firm is planning to launch an Australian low-cost carrier by the name of Bonza to compete with Qantas, Jetstar, Virgin and Rex in the domestic aviation market.
Updated
Work from home is here to stay, long after the COVID-19 pandemic
By political reporter Stephanie Dalzell and senior business correspondent Peter Ryan
Working from home is here to stay long after the COVID-19 pandemic, according to the federal government's key economic adviser, with a new report suggesting some people might even take a pay cut to remain in their home office.
Updated
'At the moment it's just reputation' but Australia's tardiness on climate change could cost trade, investment expert warns
A top investment manager warns Australia risks being excluded from future trade deals unless the Prime Minister commits to a target of net zero emissions by 2050.