Finance News Network

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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CPI as expected, likewise the rate rise to come

27 Oct 2022 - No surprises from the September quarter’s Consumer Price Index with a surge in the annual rate to 7.3% which means the Reserve Bank will now look seriously at a half …

Existential crisis for Medibank after cyberattack

27 Oct 2022 - The future of Medibank Private (ASX:MPL) is in doubt after it revealed the biggest shock so far in its cyberhacking scandal – that hackers accessed personal informati…

S&P smiles upon first Albanese budget

26 Oct 2022 - Australia’s AAA stable credit rating will survive the first budget/financial statement from the Albanese ALP government if the immediate reaction from ratings group S…

Alphabet, Microsoft reports miss the mark

26 Oct 2022 - Investors will take no heart from the quarterly reports from tech giants Alphabet and Microsoft after hours Tuesday.

Reliance result not quite what it seems

26 Oct 2022 - On the face of it the 23% rise in sales to $US303.1 million for the September quarter reported by Reliance Worldwide (ASX:RWC) looked more than OK, as did the 16% ris…

Margin concerns send Ampol shares tumbling

26 Oct 2022 - It was a rough old ride for fuel retailer, distributor and oil group Ampol (ASX:ALD), despite the company confidently predicting that it was on the way to a record pr…

Weak coal performance slows South32s Spin

25 Oct 2022 - Shares in South32 (ASX:S32) peaked for the day on Monday just after trading opened at $3.83, then slid as investors combed through its September quarter report – the …

Another downgrade leaves OZMin vulnerable

25 Oct 2022 - OZ Minerals (ASX:OZL) did its defence against BHP’s $25 per share offer no favours yesterday with the second full-year downgrade in the space of a quarter.

Gascoyne reaps reward for never saying never

25 Oct 2022 - Shares in Gascoyne Resources (ASX:GCY) were up more than 12% yesterday after the company surprised with a quick update on assays from a new drilling project on the wo…

Xi shuffling deckchairs as Chinese economy sinks

24 Oct 2022 - At a time when Chinese markets are sliding and the value of the yuan hit new lows on Friday despite official intervention to try and halt the fall, President Xi Jinpi…

Economics wrap: Lack of budgetary consideration

24 Oct 2022 - Tuesday’s long promised pseudo-budget-slash-statement from the Albanese government would normally dominate markets but not this week – it will be the September quarte…

Commodities corner: (Green)Backs to the wall

24 Oct 2022 - If markets are to run higher, as many investors seem to want to see at the moment, it will have to be because the Fed has eased its pressure on the interest rate peda…

Diary: Interest officially piqued

24 Oct 2022 - Lots of interest rate action this week ahead of the main event next week, with a dose of inflation data and fiscal policy here in Australia to add to the mix and shak…

Monday market minutes: The beat of the street

24 Oct 2022 - The ASX will jump today as it moves back into synch with Wall Street which rose sharply on Friday.

Snap business model looking more like broken

22 Oct 2022 - A 25% plunge in the price of Snap shares in a matter of minutes after hours on Thursday was not a sight investors would have wanted to see ahead of a big quarterly re…

Could the white flag become chequered?

22 Oct 2022 - Current sentiment on stocks and global growth among fund managers covered by Bank of America Corp for its October survey could be seen as very negative, at best.

Streaming giant gives doubters the Flix

22 Oct 2022 - Don’t call it Netflix, but rather Netcash as the world’s largest streaming company again made fools of many of the naysayers and analysts in the media and entertainme…

Uncertainty abounds behind the steel curtain

22 Oct 2022 - With China hiding its latest steel production data and iron ore import figures from western scrutiny, as well as other trade, production, investment, retail sales and…

Tesla, Musk revved up and ready to grow

21 Oct 2022 - Some silly American analysts were not happy with Tesla’s revenues of $US21.45 billion for the three months to September, pointing out that they were lighter than the …

Mining morsels: NST, EVN

21 Oct 2022 - A couple of uninspiring reports from miners Northern Star Resources (ASX:NST) and Evolution Mining (ASX:EVN) saw each company’s stock price end Thursday’s ASX session…

Biden renewables grant a handy windfall for Locals

21 Oct 2022 - The growing entanglement of Australian companies with the global renewables business – especially in the US – has been underlined dramatically in the $US2.8 billion w…

Oz energy giants cooking on all burners

21 Oct 2022 - Strong quarterlies from the country’s two major oil and gas groups Woodside (ASX: WDS) and Santos (ASX:STO) on Thursday thanks in part to two big takeovers each has m…

Domestic gas operations delivering for Origin

20 Oct 2022 - For the last couple of years Origin Energy (ASX:ORG) has battled to keep ahead in the face of the decline of its coal-fired power station business, with its gas busin…

World catching on to Chalice and Gonneville

20 Oct 2022 - Any doubt in the market about the quality of Chalice Mining’s (ASX:CHN) emerging world class discovery at Julimar, northeast of Perth, has just been blown away with t…

Not-so-vicious cycle for Whitehaven

20 Oct 2022 - Here’s how bad news became good news for shareholders of Whitehaven Coal (ASX:WHC) with the company’s September quarter production and sales report telling the story …