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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US job market still hot

31 Jul 2024 - Once again US job vacancies have confounded forecasts from economists and analysts who were looking for a slide in the number of openings.

Iron ore slumps again

31 Jul 2024 - It was a rough day for iron ore companies on Wednesday. After the unsettling sale of $1.9 billion worth of Fortescue (ASX:FMG) shares, global prices dipped below the …

Microsoft's strong results ignored

31 Jul 2024 - The stock market reaction (after hours, it must be said) to Microsoft’s quarterly results, with higher revenue and earnings, should make you wonder if you’ve wandered…

Perseus delivers strong results, eyes another record year

31 Jul 2024 - African-focused gold miner, Perseus (ASX:PRU), is looking for another solid year after seeing gold production top half a million ounces for the year to June, with rev…

IGO overhauls for lithium focus

31 Jul 2024 - IGO (ASX:IGO), the Perth-based lithium and waning nickel miner, is intensifying its strategy revamp ahead of its reveal in late August.

BHP snaps up South American copper projects

30 Jul 2024 - As we reported two weeks ago, BHP (ASX:BHP) has gone ahead with a deal with Canada’s Lundin Mining to take control of two South American copper projects.

China's gold dilemma

30 Jul 2024 - China held a two-day gold conference last week that skated over the big issue in the room—whether the country’s central bank has returned to buying the precious metal…

Building approvals plunge

30 Jul 2024 - As expected, building approvals continued their volatility as a statistical series, with a drop of 6.5% in June, after May’s surprise 5.7% gain.

McDonald's bites back at high prices

30 Jul 2024 - The hubris of McDonald's management, in believing it was somehow immune to consumers feeling the pinch of higher prices, has been shattered after the company reported…

Vale posts strong Q2

29 Jul 2024 - On the face of it, Brazilian iron ore miner Vale saw its second-quarter net profit soar to US$2.77 billion in the three months to June as it boosted production and sa…

Gold price boost fails to ignite Ramelius

29 Jul 2024 - Despite a less than exciting lift in production guidance for 2024-25, Ramelius Resources (ASX:RMS) shares rose 3% at one stage yesterday as world gold prices surged d…

Kogan's rollercoaster ride

29 Jul 2024 - Kogan's (ASX:KGN) release of its pre-results update offered a mixed bag. While the company saw strong growth in some areas, weak consumer activity squeezed others, le…

Shell's fuel sales climb amidst economic headwinds

29 Jul 2024 - Viva Energy Group (ASX:VEA), the Australian licensee of Shell, has reported a 5.7% increase in fuel sales volume for the six months ending June 30. This growth trajec…

APRA rejects banks' plea for eased home loan rules

29 Jul 2024 - The Australian Prudential Regulation Authority (APRA) has delivered a decisive blow to the banking sector, rejecting calls for a relaxation of prudential restrictions…

Wall Street's Friday rally fails to reverse losses

29 Jul 2024 - Friday's gains on Wall Street were insufficient to erase the damage caused by Wednesday's market downturn.

Tech titans take the spotlight

29 Jul 2024 - This week marks the busiest of the S&P 500 earnings season, with 171 companies scheduled to report, including 10 Dow 30 components. Among the most anticipated are the…

Iron ore under pressure

29 Jul 2024 - Iron ore prices experienced a volatile week, with values fluctuating near the psychologically important $US100 per tonne mark on the Singapore Exchange. While the com…

Rig cuts hit the brakes

29 Jul 2024 - The US oil industry may be nearing a turning point as evidence suggests a slowdown in the aggressive rig cuts that have characterized the past year. Last week's unexp…

A stormy week ahead for investors

29 Jul 2024 - Australia is bracing for a tumultuous week as crucial economic data is set to be released. The June quarter and monthly inflation figures are expected to be particula…

China's growth engine stutters amid stimulus push

29 Jul 2024 - China's economic engine sputtered last week as shares plummeted 3.7%, a stark reflection of investor uncertainty over the government's ability to reignite growth. The…

Gold rebounds as inflation eases

29 Jul 2024 - Gold prices rallied on Friday, recovering from a sharp decline the previous day as US inflation data came in line with expectations. Treasury yields fell, boosting th…

A week of global economic jitters

29 Jul 2024 - The coming week promises to be a tempestuous one for global markets, as a confluence of economic indicators, central bank decisions, and corporate earnings collide. I…

Bellevue Gold stumbles amid gold price drop

26 Jul 2024 - Unfortunate timing for Bellevue Gold (ASX:BGL) as it completed its $150 million placement (with indications of oversubscription) coinciding with a more than 2% declin…

Anglo American writes down $1.6 billion

26 Jul 2024 - Two months after avoiding BHP (ASX:BHP), Anglo American has started cleaning up its confused businesses by taking a fresh $1.6 billion write-down on its Yorkshire fer…

Fortescue eyes $US1.5 billion revenue boost

26 Jul 2024 - Fortescue (ASX:FMG) is looking at a $US1.5 billion-plus boost to revenue and a corresponding boost to earnings for the year ending June, judging by a comparison of av…