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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Powell's interview boosts dollar and bond yields

06 Feb 2024 - Fed Chair Jay Powell effectively conveyed his message during his 60 Minutes interview on Sunday night, as reflected in the subsequent market movements.

Red 5 eyes Silver Lake merger

05 Feb 2024 - Barring any attempts to outbid, the merger will result in a miner with an annual output of approximately 445,000 ounces. The agreement entails Red 5 offering 3.434 Re…

Fed Chair stresses caution on rate cuts

05 Feb 2024 - Federal Reserve Chair Jay Powell has once again cautioned investors not to expect a rate cut from the central bank in March and emphasised the prudence the Fed will e…

Bargain Monday: Metcash reveals 3-for-1 deal

05 Feb 2024 - It must have been 'Bargain Monday' at Metcash (ASX:MTS), with the country's third-ranking listed retail group revealing a three-for-the-price-of-one deal. They announ…

Argo Investments maintains dividend

05 Feb 2024 - Despite an 8.5% slide in net profit, Argo Investments (ASX:ARG) is holding its interim dividend at 16.5 cents a share. The Adelaide-based listed investment company (L…

Lynas confirms talks with US rival MP Materials Corp

05 Feb 2024 - Australian rare earth miner Lynas (ASX:LYC) has confirmed media reports that it has had confidential discussions with US-based rival MP Materials Corp regarding a pot…

US job surge sparks mixed reactions in financial markets

05 Feb 2024 - Last Friday's surge in new US jobs went largely unnoticed by stock investors, but it caught the attention of those in the commodities market, particularly due to the …

RBA's new meeting format and earnings season highlights

05 Feb 2024 - The Reserve Bank is stepping into the spotlight this week, and investors and the general public can expect more than the usual level of noise from Tuesday afternoon o…

Market Recap: US records, China's struggles, and a surprising sell-off

05 Feb 2024 - Last week, we witnessed more record-breaking moments in the US and Australian markets, while China faced an unwelcome five-year low, deepening its economic challenges…

China's stock market in crisis amidst property slump and IMF's housing alert

05 Feb 2024 - A week before the start of China's Lunar New Year break on February 10, the country's stock market has experienced its worst performance in five years. Despite govern…

Australian earnings season begins with property companies leading the way

05 Feb 2024 - The Australian December half and full-year earnings season kicks off this week with several ASX 200 stocks set to reveal their figures. Property groups are leading th…

Fed unlikely to cut rates soon after strong January jobs report

05 Feb 2024 - No rate cut is anticipated from the US Federal Reserve following the robust January jobs report and substantial revisions to December's figures.

Gold's record year

02 Feb 2024 - In 2023, gold had a remarkable year with its price soaring above $2,000 per ounce and remaining at that level throughout the closing weeks of the year and into the fi…

Tech giants' Q4 earnings highlights

02 Feb 2024 - Tech giants Meta, Amazon, and Apple reported their quarterly earnings after hours on Thursday, offering insights into the performance of some of the world's most infl…

Rio Tinto dominates iron ore market in 2023 despite Vale's Q4 surge

02 Feb 2024 - Brazilian iron ore miner and exporter, Vale, may have regained the title of the world's top producer of the key steelmaking material in the 4th quarter of 2023. Howev…

Geely takes over ailing Polestar, darkening EV material prospects

02 Feb 2024 - The outlook has further worsened for lithium, nickel, and other materials linked to electric vehicle manufacturing with the news of a significant move by Chinese car …

Elon Musk aims to secure $56 billion remuneration as Tesla considers Texas relocation

02 Feb 2024 - Elon Musk is determined to secure his $56 billion in remuneration, recently denied by a Delaware Chancery Court decision, the favored court for numerous American busi…

China overtakes Japan as world's largest auto exporter

01 Feb 2024 - China secured its position as the world's largest automobile exporter in 2023, surpassing Japan for the first time, driven by robust overseas sales of electric vehicl…

Metcash halts trading amid Superior Food Group acquisition talks

01 Feb 2024 - Metcash has requested the suspension of its shares until Monday, confirming Thursday morning media reports that it is exploring the acquisition of the food services o…

China's Evergrande: A Black Hole for Foreign Creditors

01 Feb 2024 - Welcome to the newish black hole in China. Usually, it's occupied by someone arrested for corruption or some other breach of security laws, which are all pervasive.

Fed holds high interest rates amid calls for cuts

01 Feb 2024 - The US Federal Reserve has opted to leave interest rates at a 23-year high, disregarding market expectations for a potential pathway to rate cuts.

China's factory sector contracts in January

31 Jan 2024 - In January, China's factory sector continued to contract, underscoring the persistent challenges faced by the world's second-largest economy.

Dec quarter inflation lower than expected, raising hopes for rate cut

31 Jan 2024 - The quarterly CPI of 4.1% was under the forecast of 4.3%, but well ahead of the monthly figure for December of 3.4%.

Perth-based IGO faces massive losses due to nickel and lithium price slump

31 Jan 2024 - Perth-based IGO (ASX:IGO) is grappling with severe damage inflicted on its businesses by plummeting nickel and lithium prices, as well as mining challenges at its acq…

Elon Musk's $56 billion Tesla compensation package voided by judge

31 Jan 2024 - The chances of Elon Musk getting billions of dollars in shares to gain control of Tesla have suffered a significant setback. A judge in Delaware voided his extravagan…