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 retail sales steady in June

17 Jul 2024 - US retail sales were unchanged in June, surprising many, though the underlying trend remained strong. This could boost economic growth estimates for the second quarte…

IGO announces second round of impairments and dividend update

16 Jul 2024 - Perth-based IGO (ASX:IGO) has revealed a second round of impairments for the year ending in June.

Rio Tinto's busy Tuesday: Production highlights, project updates, and emergency response

16 Jul 2024 - A busy Tuesday for Rio Tinto (ASX:RIO) included the June quarter production and sales report, news on its Simandou iron ore project in Guinea, and a decision to shut …

Powell indicates a cut in rates may come sooner than expected

16 Jul 2024 - Fed chair, Jay Powell has raised the temperature on the rate cut timing, suggesting Monday that a reduction might be closer than previously thought.

Burberry global sales slump 20% over the last quarter

16 Jul 2024 - Shares in luxury goods maker, Burberry plunged 16% on Monday after a disappointing first-quarter performance saw it issue a profit warning, replace its CEO and axe it…

Musk sidetracked by Politics as Tesla market share continues to fall

16 Jul 2024 - There’s Elon Musk, wasting time endorsing Donald Trump while Tesla's share of US electric vehicle sales slowly falls below 50% for the first time in the three months …

Chinese steel production sees modest June decline

15 Jul 2024 - Chinese steelmakers eased production in June, but output was still up by a marginal 0.2% from the same month last year. National Statistics Bureau data showed product…

China's economic challenges

15 Jul 2024 - The Chinese government has once again missed its chance to send a message to consumers, businesses, and especially struggling homeowners that it aims to help them by …

Star faces another embarrassment

15 Jul 2024 - Yet another hard-luck story emerges from the annals of corporate Australia: Star Entertainment Group (ASX:SGR) and its casinos in Sydney, the Gold Coast, and Brisbane…

Rio Tinto and BHP on the takeover trail

15 Jul 2024 - Two media reports over the weekend suggest that Rio Tinto (ASX:RIO) and BHP (ASX:BHP) are still on the takeover trail.

A week packed with economic data and corporate reports

15 Jul 2024 - Warren Buffett’s Berkshire Hathaway is less than $100 million away from joining the trillion-dollar club of major US mega companies.

Oil market update

15 Jul 2024 - At the end of last week, OPEC remained bullish on oil demand, while US drillers were less optimistic, and US demand remained difficult to gauge, according to traders …

American banks signal economic concerns

15 Jul 2024 - On Thursday, American investors received strong hints of growing malaise among Americans as PepsiCo, Delta Airlines, and food group Conagra all reported clear signs o…

China's commodity trends in June 2024

15 Jul 2024 - China maintained a reasonable appetite for key commodities in June, but there was nothing to suggest confidence building for an upturn anytime soon.

ASX outlook

15 Jul 2024 - Boom, boom for the ASX 200 after last week’s surging end and solid gain for the five days. Another 50-point gain was penciled in for today after the overnight futures…

Gold holds near seven-week highs

15 Jul 2024 - Gold steadied near seven-week highs at the close on Friday, while the dollar and yields weakened, despite a report showing US producer prices in June were slightly fi…

Diary

15 Jul 2024 - There’s a job lot of data and events this week to distract investors, but only the timid will care about them, especially when The Bull is striding the world’s bourse…

The Dow reaches above 40,000 points for the first time since May

15 Jul 2024 - More gains ahead this week for Wall Street after Friday's record session?

US consumers push back against corporate price hikes

12 Jul 2024 - After two years of significant price rises and few apologies, US consumers are starting to get their revenge on corporate America, even as price pressures ease.

BYD's expansion strategy

12 Jul 2024 - Chinese EV giant BYD is in the process of establishing an international network of plants and distribution facilities to circumvent the steep tariffs planned by the U…

Wall Street's mixed reaction to unexpected inflation drop

12 Jul 2024 - Wall Street reacted nervously on Thursday to good news on inflation. The Dow was up, but the S&P 500 and Nasdaq were down for the session.

BHP suspends nickel mining in WA amid global oversupply

12 Jul 2024 - BHP (ASX:BHP) has bitten the bullet and will suspend nickel mining in WA, warning of a full-year loss in its nickel business.

Synlait Milk shares surge 52% after key refinancing approval

11 Jul 2024 - Synlait Milk (ASX:SM1) shares jumped 52% yesterday after shareholders approved the first step of a complicated refinancing of the struggling company’s debt and financ…

ACCC launches legal action against The Good Guys over misleading promotions

11 Jul 2024 - The competition regulator, the ACCC, has launched Federal Court proceedings against The Good Guys Discount Warehouses (Australia) Pty Ltd for allegedly making false o…

Seven Group Holdings announces post-transaction dividend of 30 cents per share

11 Jul 2024 - The Stokes family's Seven Group Holdings (ASX:SVW) has followed through on a commitment made in April during its takeover of the minorities in Boral, announcing a pos…