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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BP shares surge amidst UAE's acquisition interest

15 Apr 2024 - Shares in the oil major BP surged by 3.4% on Friday following reports that the United Arab Emirates' (UAE) state-owned oil company had recently considered purchasing …

World iron ore prices surge by 15% following recent dip

15 Apr 2024 - Two weeks after experiencing a price slide in late March and early April, world iron ore prices made a remarkable recovery last week, registering a substantial 15% ga…

Market expectations for the week ahead

15 Apr 2024 - What's ahead this week for markets? A lot of headaches, in addition to the usual flow of reports and data.

Steel summit: A forecaster's alert for Australian investors

12 Apr 2024 - A respected industry forecaster has strongly suggested that peak steel demand in China may have already occurred.

Tesla prepares to unveil quarterly financials

12 Apr 2024 - A significant week awaits Tesla as the company prepares to unveil its quarterly financials on Wednesday, potentially mirroring the outcomes of the same quarter in 202…

Farewell Boral

12 Apr 2024 - It’s goodbye, Boral (ASX:BLD), as the company’s briefly rebellious independent directors accept a remade offer from Seven Group Holdings, the largest shareholder.

Moody's gives Ansell acquisition a thumbs up

12 Apr 2024 - Moody’s gave Ansell approval this week following the company’s proposed $641 million acquisition of Kimberley-Clark’s PPE business.

Chinese economy faces deflation again in March

11 Apr 2024 - Deflation revisited China's economy in March, following its disappearance in February. China's consumer inflation decelerated to an annual rate of just 0.1% in March …

Northern Star Resources' quarterly performance and market response

11 Apr 2024 - We witnessed the typical knee-jerk reaction from traders on Thursday in response to Northern Star Resources' (ASX:NST) swift update on its March quarter gold sales pe…

NEXTDC pursues $1.3 billion capital raise for data center expansion

11 Apr 2024 - NEXTDC (ASX:NXT) is seeking $1.3 billion in a new capital raising to finance its growing data center pipeline and accelerate the expansion of its extensive data cente…

Robotaxis face challenges amid regulatory scrutiny

11 Apr 2024 - Here's a significant warning for Elon Musk, Tesla, and investors banking on robotaxis to compensate for shelved Tesla EV variants.

March's US consumer price index

11 Apr 2024 - March's US Consumer Price Index shouldn’t come as much of a surprise to financial markets. After all, it merely continued the trend established in the January data an…

China's auto industry rides high on demand rebound

11 Apr 2024 - China's car industry surged in March as demand recovered from weak levels in January, followed by a holiday-dampened February, propelling output higher.

China's credit outlook turns negative

10 Apr 2024 - In a surprise announcement four months after Moody’s move, Fitch on Wednesday revised its outlook on China to negative, citing increasing risks to the country's publi…

RBNZ maintains high interest rates

10 Apr 2024 - The Reserve Bank of NZ believes that maintaining interest rates at their current highs will "return consumer price inflation to the bank’s 1% to 3% target by the end …

Gold surges, copper reaches high, oil dips ahead of US inflation report

10 Apr 2024 - Gold hit an all-time high of $2,384.50 per ounce on Tuesday on Comex in New York, before easing to trade around $2,371 per ounce at 7am Sydney time on Wednesday.

Ansell's $400m placement yields strong returns

09 Apr 2024 - Big investors seized a lucrative opportunity on Tuesday as Ansell, the global leader in protective solutions, executed a $400 million placement. The move, aimed at fi…

NAB snapshot: Australian economy steady

09 Apr 2024 - A bit of a "steady as she goes" report card on the health of the Australian economy last month from the National Australia Bank.

China's gold buying slumps amid record prices

09 Apr 2024 - In March, China's gold buying spree dipped amidst soaring prices, hinting at further decline in April after prices surged to unprecedented levels on Monday.

China's property developers under legal siege

09 Apr 2024 - The angle of attack on China's struggling property developers has shifted significantly. Under President Xi Jinping's administration, the Chinese government has adopt…

Navigating Q1 earnings season

09 Apr 2024 - First-quarter earnings season is set to begin in earnest this week, led by banking giants JPMorgan Chase, Wells Fargo (WFC), and Citigroup on Friday.

Iron ore futures rally in Singapore despite market fluctuations

09 Apr 2024 - Iron ore futures surged unexpectedly in Singapore on Monday, a stark contrast to their decline late last week.

Sweeping staff cuts at Beach Energy

08 Apr 2024 - Beach Energy (ASX:BPT), a prominent player in the oil and gas industry, has been grappling with significant challenges, including cost overruns and delays, at its Wai…

Elders shares slump amid climate and economic challenges

08 Apr 2024 - Elders (ASX:ELD), Australia's foremost rural services group, encountered a significant blow on Monday as its shares plummeted nearly a quarter following a trading upd…

Westgold acquires Karora Resources amidst gold sector takeover

08 Apr 2024 -In a recent development within the gold sector, Westgold Resources (ASX:WGX) has announced its acquisition of Karora Resources, merely 11 days after Ramelius Resources…