Lachlan Thompson, Aerospace Design and Business Innovation - Talking Business 2014 Ep 10

Summary: Interview with economist Francis Grey on the economic fallout from the Ukraine crisis Leon and Garry talk about issues including: · China loosening its grip on its currency and accelerating exchange rate reforms while US industrial production rebounds in February. At the same time however, wheat prices are rising on the back of events in the Ukraine · The Abbott government planning changes to speed up an FTA with China and a fight is looming with a proposed $670 million restructuring of the GST which will leave Victoria and WA worse off. · With Chant West saying that the average Australian superannuation fund has posted a return of more than 10 per cent in the first eight months of the financial year, super funds are now under pressure to merge and are positioning themselves as better savings vehicles than banks.