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.

Prior Page Next Page

Oil, iron ore, and coal prices surge; Gold and copper take a hit

12 Feb 2024 - Last week witnessed a notable surge in the prices of oil, iron ore, and coal, driven by various global factors. However, gold and copper faced significant setbacks, p…

Global economic events: US inflation, Super Bowl, and Indonesia elections

12 Feb 2024 - As the world prepares for a dynamic week of economic indicators and cultural events, eyes are particularly focused on the United States where inflation data is set to…

Microsoft surpasses Apple to become the most valuable company ever

12 Feb 2024 - In a historic turn of events, Microsoft has officially dethroned Apple to claim the title of the most valuable company ever. Founded decades ago by Bill Gates and oth…

S&P 500 surpasses 5,000 mark despite economic headwinds

12 Feb 2024 - In a remarkable feat of resilience, the S&P 500 closed above the key 5,000 level, defying expectations amidst a backdrop of rising interest rates and global geopoliti…

Advancing green steel: A collaborative journey by industry leaders

09 Feb 2024 - Maybe it will be a goer down the track, but green steel is about to start a long journey to eventually replace the carbon (coal)-based production methods that account…

Wall Street's surging stars and staggering cash

09 Feb 2024 - Wall Street is record-setting, especially among tech and near-tech stocks. Industrials and financials are sagging, and the Magnificent Seven has become six, with Tesl…

Boral upgrades yearly earnings guidance

09 Feb 2024 - The Kerry Stokes-controlled building products giant, Boral, has upgraded its full-year earnings guidance after revealing a strong performance for the six months to De…

Navigating China's stock market: Insights amid uncertainty

09 Feb 2024 - One way to slow or halt stock market uncertainty is to call a holiday. Usually, that ends up being bad news because when trading resumes, the slide continues and even…

Charter Hall Long WALE REIT faces asset sales

08 Feb 2024 - In August, Charter Hall Long WALE REIT indicated its intention to sell assets to manage gearing after suffering significant write-downs and asset devaluations, leadin…

China's deflation woes persist

08 Feb 2024 - Another month of falling consumer and producer prices in China underscores the country's weak activity and demand. However, a slight silver lining emerged in the cons…

Mirvac reports $366 million loss

08 Feb 2024 - Property and retailing group Mirvac (ASX:MGR) has recorded statutory losses totaling $366 million for the 18 months ending December 31, with an additional $201 millio…

Transurban forecasts 7% distribution increase amidst Rozelle interchange confusion

08 Feb 2024 - In the midst of ongoing confusion surrounding Sydney's troubled Rozelle traffic interchange, Transurban (ASX:TCL), the toll road giant, remains resolute in its financ…

AGL Energy reports strong interim earnings and raises full-year guidance

08 Feb 2024 - AGL Energy (ASX:AGL) reported a sharp improvement in interim earnings on Thursday and a significant jump in its full-year guidance range.

Tesla and Elon Musk face tough January

08 Feb 2024 - January wasn’t the happiest of months for Tesla or Elon Musk.

Relief as Woodside-Santos merger falls through

07 Feb 2024 - The mooted merger between Woodside (ASX:WDS) and Santos (ASX:STO) was abandoned yesterday, eliciting relief more than anything else.

Amcor announces job cuts and plant closures

07 Feb 2024 - For thousands of Amcor (ASX:AMC) employees, the company's exposure to world economic activity took a harsh turn in the six months leading to December, as confirmed by…

Woodside abandons $70 billion Santos merger

07 Feb 2024 - The marriage between Woodside (ASX:WDS) and Santos (ASX:STO) was called off just before midday on Wednesday.

Melbourne-based luxury goods website Cettire thrives amid retail gloom

07 Feb 2024 - Despite the gloom in retailing, catering to aspirational and wannabe consumer groups is still paying off handsomely for Melbourne-based luxury goods website Cettire, …

Piedmont Lithium cuts workforce amidst market struggles

07 Feb 2024 - A day after losing 7.5% of its market value, Piedmont Lithium announced a 27% reduction in its workforce as it grapples with the challenges in the lithium industry.

National Australia Bank names Andrew Irvine as new CEO

07 Feb 2024 - The National Australia Bank (ASX:NAB) has selected Andrew Irvine to succeed the current CEO, Ross McEwan. The bank announced on Wednesday morning that Andrew Irvine w…

December quarter retail sales data reveals surprising insights

07 Feb 2024 - The December quarter retail sales data from the Australian Bureau of Statistics, released on Tuesday, sheds light on why investors warmly received the results and upd…

Oh what a feeling - oil

06 Feb 2024 - Toyota Motor Co has joined its fossil fuel peers – Shell, Exxon Mobil, and Chevron – in demonstrating the lucrative opportunities still available in the oil industry.

Reserve Bank keeps cash rate steady at 4.35%

06 Feb 2024 - The Reserve Bank left its cash rate unchanged at 4.35% after its first meeting of the year on Tuesday. Nevertheless, it hinted at the possibility of rate hikes to con…

De Grey Mining's Ashburton Gold Project deal with Kalamazoo Resources

06 Feb 2024 - De Grey Mining (ASX:DEG) has entered into an exclusive option deal with Kalamazoo Resources to potentially acquire the Ashburton gold project in WA's Pilbara.

Nick Scali maintains interim dividend despite 20% earnings slide

06 Feb 2024 - Despite a 20% slide in earnings for the six months to December, furniture retailer Nick Scali (ASX:NCK) has maintained its interim dividend at 35 cents a share.