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David Chau
David Chau presents finance segments on the ABC News Channel, and is a multi-platform business reporter in Sydney. Prior to joining the ABC, he was a lawyer specialising in litigation. If you have a story idea or tip, send David an email or a private Twitter message: @chaudave.
Latest by David Chau
ASX closes higher, driven by commodities and energy stocks, as Fortescue shareholders reject remuneration report — as it happened
By business reporter David Chau and wires
Mining stocks have driven the Australian share market higher, while Fortescue shareholders reject remuneration report.
Updated
As unemployment rises, Jack is finding it hard to career-switch from the Navy to the tech sector
By business reporters Gareth Hutchens and David Chau
A rising number of people looking for work pushes unemployment up, despite the creation of 55,000 jobs last month.
Updated
ASX rises as CBA reports $2.5b quarterly profit, AustralianSuper increases stake in Origin Energy — as it happened
By business reporter David Chau and wires
The Australian share market has risen moderately despite Wall Street's struggle to find direction overnight as investors await crucial inflation data that will decide how high US interest rates will climb.
Updated
RBA lifts interest rates to 12-year high of 4.35pc, WeWork files for bankruptcy in US, ASX closes lower — as it happened
By business reporters David Chau and Kate Ainsworth
The RBA has lifted the cash rate by 0.25 percentage points in November, taking the rate to 4.35 per cent, while the Australian share market finished lower. Look back on the day's events with our blog.
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Qantas board set for a shake-up as Richard Goyder becomes latest high-profile exit, ASX rises for fifth straight day — as it happened
By business reporter David Chau and wires
The Qantas chairman continues to defy public pressure to immediately step down, instead announcing he will retire next year, and the Australian share market closes higher for the fifth day in a row.
Updated
How a 'sharp deterioration' in China's property market could affect housing affordability in Australia
By business reporter David Chau
Australia's biggest trading partner is facing its biggest economic slowdown in decades, and the Reserve Bank has warned that stress in China's economy will be felt across the world — including here in Australia.
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ASX wipes out all its gains of 2023, RBA keeps rates on hold but doesn't rule out future increase — as it happened
By business reporter David Chau and wires
The local share market suffered heavy losses as investors bet on interest rates staying higher for longer, while the Australian dollar slumped to its weakest level since November, despite increased bets the Reserve Bank will lift interest rates again in the next few months.
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ASX slips to 11-week low, Wall Street snaps four-day losing streak — as it happened
By business reporter David Chau and wires
The Australian share market has fallen to its lowest level since July 10, while the US dollar has risen to a 10-month high on bets interest rates may stay higher for longer than investors expected.
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Cost of living pressures drive record number of people into labour market as unemployment rate stays steady
By business reporters Gareth Hutchens and David Chau
The unemployment rate remained at 3.7 per cent in August, as 65,000 people found work and official unemployment fell slightly.
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Brigid has been looking for a job for months. The latest figures show there are thousands just like her
By business reporters Emily Stewart and David Chau
Australia's unemployment rate has risen to 3.7 per cent for July, up from 3.5 per cent in June, with 36,000 more people unemployed, according to Australian Bureau of Statistics data.
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A perfect storm is brewing at Lillian's cafe: Rising costs and fewer customers coming through the door
By business reporters Kate Ainsworth and David Chau
Cafes and restaurants saw a boom of big-spending customers after the pandemic. Now, as cost-of-living pressures bite households and the cost of doing business grows, some in the hospitality industry are struggling to stay afloat.
Suncorp and Commonwealth Bank profits jump, financials rally boosts ASX in late trade — as it happened
By business reporter David Chau and wires
The Australian share market ended higher after a rally by financial stocks as the Commonwealth Bank posts a record annual profit. Suncorp's profit also surged but investors were disappointed by its dividend payout.
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'Consumer spending has really fallen off a cliff': Corporate reporting season offers a window on the economy's future
By business reporters David Chau and Kate Ainsworth
Australia's biggest companies are detailing the impact cost-of-living pressures and high interest rates have had on their bottom line. Analysts say the results will give an early warning sign as to where the economy is heading.
Updated
Markets and economists split on chances of RBA rate hike, ASX rises — as it happened
By business reporter David Chau and wires
The Australian share market ended its day cautiously higher as traders bet the Reserve Bank will pause its interest rate-hiking cycle tomorrow, but economists are not as optimistic.
Updated
ASX rises to four-week high, ASIC cancels crypto firm FTX's financial services licence — as it happened
By business reporter David Chau and wires
The Australian share market rises to its highest level in a month, while ASIC cancels the financial services licence of cryptocurrency firm FTX's local subsidiary. Look back at how the day unfolded in our live blog.
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Flexible work is causing office property prices to fall — and potentially your retirement savings, as well
By business reporter David Chau
The shift to working remotely has led to a significant drop in office property prices, which could affect our retirement savings given superannuation funds invest more than $425 billion in unlisted assets.
Updated
ASX jumps 1.5pc, snapping four-day losing streak — as it happened
By business reporter David Chau and wires
The Australian share market records its best trading day in six months after suffering hefty losses in the past four sessions, while consumer confidence remains in deeply pessimistic territory as cost-of-living pressures continue to bite.
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RBA pauses interest rate rises 'to assess the state of the economy', ASX closes higher — as it happened
By business reporters David Chau and Kate Ainsworth, with wires
The RBA delivers relief to mortgage borrowers by deciding to leave rates on hold at 4.1 per cent at its July meeting, after two dozen protesters gather outside its headquarters in Sydney.
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Many economists say Philip Lowe made a 'huge error'. So will he keep his job?
By business reporters Nassim Khadem and David Chau
The treasurer will soon announce the fate of the RBA governor and economists are split over whether Philip Lowe should stay until rates settle or make way for new blood to guide the bank through turbulent economic times ahead.
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Medibank forced to hold extra $250m in capital after data breach, ASX snaps four-day losing streak — as it happened
By business reporter David Chau and wires
Australia's financial regulator APRA forces Medibank to hold an extra $250 million in capital after last year's massive data breach, while the local share market rebounds from a three-month low.
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Minutes show RBA lifted rates on fears of entrenched inflation, Aussie dollar slips as ASX hits nine-week high
By business reporter David Chau and wires
The local share market rises to a nine-week high, while the Australian dollar slips after the Reserve Bank releases its June meeting minutes, detailing its worries of inflation becoming entrenched in the economy.
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Historic bust facing building sector after 'profitless boom' as approvals hit weakest level in 11 years
By business reporter David Chau and wires
April's building approvals data shows 11,594 homes were approved for construction last month — down 24.1 per cent on the previous year. Meanwhile Treasury officials fronted Senate Estimates to answer questions about PwC.
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TWU demands Qantas pay back $2.7 billion pandemic relief as airline sees record annual profit, ASX slips — as it happened
By business reporters David Chau, Sue Lannin and wires
The Transport Workers Union is calling on Qantas to repay $2.7 billion in government handouts it got during the COVID-19 pandemic as the airline forecasts what the union calls an "obscene" record annual profit. And the Australian share market runs out of steam as US debt ceiling talks drag on.
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ASX slips, Reserve Bank warns of further rate hikes, consumer confidence sinks to COVID-19 lows
By business reporter David Chau and wires
The Australian share market has ended its day lower, while the Reserve Bank warns there may be further interest rate hikes, and consumer confidence sinks to its lowest levels since the early days of the COVID-19 pandemic and the 1990s recession.
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ASX follows Wall Street lower, United States threatens to hit debt ceiling soon
By business reporters Daniel Ziffer and David Chau
The Australian share market slips, weighed down by financial and energy stocks, as both sides of US politics fail to resolve their debt ceiling stand-off.
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