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News by Glenn Dyer

Glenn Dyer

Glenn Dyer has been a finance journalist and TV producer for more than 40 years. He has worked at Maxwell Newton Publications, Queensland Newspapers, AAP, The Australian Financial Review, The Nine Network and Crikey.

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Financial pressures lead to closure of Ravensthorpe nickel mine

30 Apr 2024 - Growing financial pressures from the loss of its huge Panamanian copper mine have led Canada’s First Quantum Minerals to decide to close its Ravensthorpe nickel mine …

BYD's strong Q1 amidst China EV price war

30 Apr 2024 - Chinese EV maker BYD posted higher profit in the three months to March despite the intensifying price war in China and a surge in investment in new technologies. The …

Analysing the impact of weak business earnings on Australian banks

29 Apr 2024 - Will weak business earnings curb the results of the National Australia Bank (ASX:NAB) this week by adding to the existing pressure on its key measure, the net interes…

TPG Telecom to pay Optus for regional mobile infrastructure

29 Apr 2024 - TPG Telecom (ASX:TPG) will pay Optus about $1.17 billion to use its rival's mobile infrastructure in regional Australia, turning to the Singapore Telecommunications-o…

Star Entertainment shuffles leadership

29 Apr 2024 - Embattled casino owner Star Entertainment (ASX:SGR) has again shuffled the deck chairs at the very top of the company, with under-fire executive chair David Foster ex…

US economy booming

29 Apr 2024 - Last week, JPMorgan Chase CEO Jamie Dimon said the American economy was booming and consumer spending continued to be resilient.

Another solid week for copper

29 Apr 2024 - Another week of solid gains for copper, with prices rising to two-year highs on Friday.

Diary

29 Apr 2024 - A Fed meeting, the April jobs data for the US, some more major profits led by Amazon and Apple, two major bank results in Australia, worldwide surveys of economic act…

Another big week for earnings

29 Apr 2024 - Another big week ahead of us for US earnings (and for Australia, with two big banks on the list to reveal their profits and dividends).

Anglo American: Hopes for a takeover battle

29 Apr 2024 - Meetings this week of shareholders in Anglo American in London and Rio Tinto (in Australia) will continue to focus on the fate of BHP $A60 billion all-share offer for…

Oil down

29 Apr 2024 - A mixed day for oil and oil stocks on Friday. While prices bounced a little on the day, they still lost ground for the week.

Markets: Wall Street to run the gauntlet once again

29 Apr 2024 - For all the volatility, angst about inflation, growth, geopolitical tensions and earnings, Wall Street ended very much on an up note on Friday, but will have to run t…

All over for BHP's offer?

26 Apr 2024 - All over red rover for BHP’s A60 billion all-paper indicated offer for Anglo American?

Chinese car companies eating Tesla's lunch

26 Apr 2024 - All those enthusiasts who believe Elon Musk and his ‘"affordable" car story for Tesla, sorry but the Chinese car companies are already there and eating your lunch -- …

Woolworths and Super Retail Group in legal hot water

26 Apr 2024 - Major legal action involving two of the country’s biggest retailers on Friday in separate stories -- Woolworths and Super Retail Group.

Vale's net earnings down 9%

26 Apr 2024 - Brazilian iron ore and base metal giant Vale saw net earnings slip 9% in the three months to March 31.

Newmont surprises market

26 Apr 2024 - With Newcrest tucked away, Newmont (ASX:NEM) was always going to do better in the March quarter than investors and analysts suspected, and so the news of a substantia…

Boeing's struggles: Losses, downgrades, and liquidity worries

26 Apr 2024 - Boeing lost hundreds of millions of dollars and used up $US3.9 billion in cash in the March quarter. Revenue fell nearly 8% from a year ago as the company continues t…

Gold Road Resources backs out of Greenstone deal

26 Apr 2024 - It's no wonder Gold Road Resources (ASX:GOR) bailed on a move to buy an interest in the Canadian gold miner Greenstone.

Alphabet's dividend debut and soaring revenue

26 Apr 2024 - Alphabet (Google) has transitioned into the sphere of mundane industrials, aligning itself with the likes of Apple and Meta by initiating dividend payments.

US economic growth disappoints

26 Apr 2024 - In the wake of the weaker-than-expected first estimate of US economic growth, it seems US interest rates aren’t going lower for a while longer—perhaps past November’s…

Weak revenue forecast from Meta causes stock plunge

26 Apr 2024 - The Mag Seven megatech story took a hit as a weak revenue forecast from Meta Platforms caused shares to plunge 16% in after-hours trading on Wednesday, dragging other…

BHP makes $60 billion bid for Anglo American

26 Apr 2024 - Shares in BHP (ASX:BHP) will come under pressure on the ASX on Friday after it confirmed it had made an unsolicited all-paper takeover offer for Anglo American, with …

Fortescue's third-quarter iron ore production and sales disappoint again

24 Apr 2024 - For the second time in as many years, Fortescue’s (ASX:FMG) third-quarter iron ore production and sales have been weaker than expected.

No rate rise expected as inflation picks up

24 Apr 2024 - No rate rise is expected from the Reserve Bank for most of this year after inflation picked up in the three months to March 31, thanks to another surge in housing cos…

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