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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Tech giants surge to new heights

11 Jul 2024 - In the value chain race, Apple remained on top, with its value rising nearly 1.9% to a massive $US3.57 trillion, around $US100 billion ahead of Microsoft, whose value…

Mixed messages in China's June inflation data

10 Jul 2024 - The June inflation data from China presented mixed messages on Wednesday, as economic activity and the government’s ongoing support measures failed to gain real tract…

Reserve Bank of New Zealand hints at possible rate cut

10 Jul 2024 - The Reserve Bank of New Zealand has left its cash rate on hold at 5.50% but again hinted that a rate cut could be coming.

Powell hints at possible rate cut amid cooling inflation

10 Jul 2024 - While Fed Chair Jay Powell wouldn't get drawn into any discussions about the potential timing of any rate cut in the first of two appearances before the US Congress o…

China's NEV sales surge amidst decline in internal combustion market

10 Jul 2024 - China's rising sales of so-called New Energy Vehicles (NEVs) can’t make up for the continuing weakness in sales of conventionally powered (or ICE, internal combustion…

Spartan Resources boosts Dalgaranga gold prospects

09 Jul 2024 - Spartan Resources (ASX:SPR) has confirmed why larger rival Ramelius has it in its sights.

NAB survey reveals mixed signals

09 Jul 2024 - Now, this will confuse economists, analysts, and the members of the Reserve Bank second-guessers in the business media. According to the latest National Australia Ban…

Bapcor announces new leadership, rejects Bain Capital's buyout offer

09 Jul 2024 - Car parts retailer and distributor Bapcor (ASX:BAP) had a busy Tuesday, announcing a new CEO and Executive Chair, and rejecting the tentative $5.40 a share approach f…

Apple reclaims top spot as world's most valuable company

09 Jul 2024 - Apple shares continued their recent bounce on Monday, reclaiming the top spot as the world’s most valuable company.

Canada tightens rules to protect domestic mining industry

09 Jul 2024 - Canada has again tightened rules, making it even harder to take over the country’s remaining big miners.

Ramelius prepares to move on Spartan

08 Jul 2024 - Updates continue to emerge from Ramelius Resources (ASX:RMS) as it prepares for a move on the now partly owned Spartan Resources.

Shares in Rex Minerals surge more than 60%

08 Jul 2024 - Shares in Rex Minerals surged more than 60% after it revealed it had found its ideal partner in the shape of its major shareholder, Indonesian-owned MACH Metals Austr…

High-stakes dairy drama

08 Jul 2024 - A high-stakes game of dairy "Russian Roulette" is unfolding across the Tasman between struggling Synlait and its once-close buddy and customer (and shareholder), a2 M…

China stays on sidelines as gold prices ease

08 Jul 2024 - For the second month in a row, high world prices kept China out of the world gold market in June. This news will disappoint all those bulls who expected the country t…

Global economic highlights and market insights for the week ahead

08 Jul 2024 - US inflation returns to center stage this week, as do US second-quarter earnings, while the June and June quarter economic reports from China start appearing.

Mixed reactions to economic data and political shifts

08 Jul 2024 - The ASX is looking at a hesitant start to trading today for the second week of the new financial year, despite a rise in most global markets on Friday due to a dip in…

Coal market reactions and Glencore's Canadian acquisition

08 Jul 2024 - Coal industry traders ended the week moving away from coking coal, despite the enthusiasm on the ASX for coal stocks following the huge fire at Anglo America's Grosve…

US crude prices dip from seven-week high

08 Jul 2024 - US crude prices eased off a seven-week high at Friday’s close, despite robust summer demand.

Gold prices surge amid weak jobs report

08 Jul 2024 - Gold prices jumped on Friday as the US dollar and US bond yields fell in the wake of the weakest jobs report in several months.

Iron ore prices slip from three-month highs

08 Jul 2024 - Iron ore prices slipped late last week from three-month highs on Thursday but still finished the first week of the new financial year with a small gain.

Westgold Resources approaches record revenues

05 Jul 2024 - As Westgold Resources (ASX:WGX) heads towards its $1.3 billion merger with Karora Resources later this year, it is also approaching record revenues of over $700 milli…

Tesla and BYD: The global BEV production and sales race heats up

05 Jul 2024 - Even though Tesla has again managed to remain ahead of BYD in the global battery-powered EV (BEV) production and sales race, analysts say it's only a matter of time b…

EU imposes provisional duties on Chinese electric vehicle imports

05 Jul 2024 - The European Union will start imposing provisional countervailing duties on imports of electric vehicles (EVs) from China today, July 5, while negotiations with China…

ACCC raises concerns over Lendlease's $1.3 billion sale to Stockland and Supalai

04 Jul 2024 - Lendlease's (ASX:LLC) $1.3 billion "get out of jail" sale of its master-planned retirement villages to a joint venture between Stockland and Supalai is in trouble wit…

Alkane Resources meets 2023-24 guidance for Tomingley Gold Mine

04 Jul 2024 - Alkane Resources (ASX:ALK) has confirmed that its Tomingley Gold Mine in central western NSW met its reduced guidance estimate for the 2023-24 financial year after a …