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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Iron ore prices fuel budget optimism

13 Dec 2023 - The way iron ore prices continue to trade above $US130 a tonne, there is every chance the 2023-24 budget will be in surplus by June 30 next year after a sharp improve…

China's economic strategies fall short

13 Dec 2023 - China's leaders have once again demonstrated their lack of clarity regarding the policies needed to steer the country's economy away from the tightening grip of defla…

Air New Zealand trims first-half earnings forecast due to weak demand

13 Dec 2023 - Air New Zealand (ASX:AIZ) has adjusted its first-half earnings guidance due to persistent demand weakness, as softer leisure travel compounds the weaker domestic corp…

US consumer inflation slows in November

13 Dec 2023 - As expected, the improvement in US consumer inflation slowed in November, with the annual rate dipping to 3.1% from 3.2% after a 0.1% rise in the month.

Rio Tinto appoints new battery materials leader, Pilbara Minerals welcomes new chair

12 Dec 2023 - Rio Tinto has named Elias Scafidas as the new managing director of its battery materials division, effective early 2024, succeeding Marnie Finlayson, who recently con…

Australian economy softening

12 Dec 2023 - Slowly but surely, the pace of activity across the Australian economy is softening.

ResMed successfully defends key patents against NYU's claims

12 Dec 2023 - ResMed (ASX:RMD) announced on Tuesday that the US Patent Trial and Appeals Board has dismissed claims filed by New York University (NYU) related to the company's pate…

Contrasting 2023 outcomes for top gold miners Newmont and Barrick

12 Dec 2023 - Newmont (ASX:NEM) is currently digesting Newcrest Mining after completing the largest-ever gold mining takeover. Decisions regarding asset retention, potential resale…

Gold's rapid descent: From record highs to uncertain lows in a week

12 Dec 2023 - Just a week ago, gold futures were soaring at $2,150 per ounce. However, by Monday's close, they had plummeted to under $2,000, with further declines anticipated ahea…

Costa faces earnings downgrade, Paine Schwartz eyes lower offer price

11 Dec 2023 - Judging by the earnings downgrade issued by Costa Group (ASX:CGC) yesterday, its US suitor, Paine Schwartz, might have been considering another cut to its offer price…

Macy's back on bidding block

11 Dec 2023 - According to US media reports, Arkhouse Management and Brigade Capital have recently submitted a proposal to acquire the chain for $21 per share, compared to Friday's…

Billionaire forced to raise bid for Pact

11 Dec 2023 - Even hard-nosed billionaires can yield to minority shareholders in takeover situations, as seen last Monday.

Chemist Warehouse to merge with Sigma Healthcare in $8.8 billion deal

11 Dec 2023 - Private-owned Chemist Warehouse is set to become an ASX 200 top company through its backward takeover of Sigma Healthcare (ASX:SIG), creating a company valued at an e…

Endeavor sets benchmark for Santos takeover

11 Dec 2023 - The possible sale of major US independent energy group Endeavor Energy Partners provides a timely yardstick for the pricing of the potential takeover of Santos by Woo…

Deflation tightens grip on China's economy

11 Dec 2023 - Deepening deflation has tightened its grip on the entire Chinese economy, underscoring the urgency behind the Chinese Communist Party and President Xi Jinping's recen…

Wall Street faces nervy week with dual sentiment test

11 Dec 2023 - It's going to be a nervy half-week ahead for Wall Street, with a rare twin sentiment tester to contend with: a monthly consumer inflation report and then a Fed meetin…

Commodity market update: Iron ore surges, thermal coal gains momentum

11 Dec 2023 - While gold slid, and oil again notched up a losing week, iron ore continued its charge higher, and thermal coal prices had their strongest week in months - both of wh…

Gold predictions for 2024

11 Dec 2023 - Last Monday, despite reaching all-time highs in Asian markets, gold prices finished the week down more than 3.3%, closing at approximately $2,004 an ounce for the Com…

Rio Tinto's 2023 mining advancements and green commitments

08 Dec 2023 - It has been a bustling end to 2023 for Rio Tinto (ASX:RIO). A new iron ore mine in the Pilbara, confirmation of progress on a significant iron ore mine in Guinea, and…

China's weak trade figures raise economic concerns

08 Dec 2023 - China's latest set of weak trade figures on Thursday has heightened concerns about the strength of economic activity and the potential for further slowdown in 2024. H…

Global oil prices fall for sixth consecutive session

08 Dec 2023 - Global oil prices fell for a sixth straight session on Thursday, with the declines amounting to just a few cents. Some traders now believe that the selling pressure h…

China's November trade report reveals economic struggles

07 Dec 2023 - A weak trade report for November, especially concerning imports, confirms the ongoing challenges in the country's economy almost a year after hopes of a post-Covid ec…

Fonterra raises earnings forecast amidst global price surge

07 Dec 2023 - Fonterra (ASX:FSF), the world's largest producer and exporter of dairy products, has increased its earnings forecast and expected payments to New Zealand farmer custo…

Perpetual rejects Soul Pattinson's offer

07 Dec 2023 - Perpetual (ASX:PPT) has rejected Washington H. Soul Pattinson's (ASX:SOL) all-paper offer, which includes no cash.

Government spending and defense support amid slower Australian growth

06 Dec 2023 - Increased government spending on energy and childcare rebates, investment, and defense spending kept the Australian economy afloat in the three months to September, e…