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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Warren Buffett's strategic moves

24 Jun 2023 - Warren Buffet continues to show the rest of the global investment community that he has ‘timing’ when it comes to making big plays in investment (and that remains ver…

Bank of England's rate hike: implications for RBA

24 Jun 2023 - The surprise decision by the Bank of England overnight on Thursday to raise its key rate by a substantial half a per cent to a 15-year high of 5% carries a significan…

Northern Star doubles its asset

22 Jun 2023 - As widely forecasted, Northern Star Resources (ASX:NST) has greenlit the doubling in size of its major asset, the SuperPit gold mine of KGCM near Kalgoorlie, at a cos…

Gold Road downgrades gold mine production

22 Jun 2023 - Shares in Gold Road Resources (ASX:GOR) fell more than 8% at one stage on Thursday after it downgraded 2022-23 production from the 50% owned Gruyere gold mine in WA.

Pause in Fed's rate hikes signals caution amid high inflation

22 Jun 2023 - After lifting interest rates by 5 percentage points since March last year the Fed this month paused to assess the effects of its actions but left a strong indication …

Dust pollution crisis threatens Newcrest Mining's Cadia mine operations

22 Jun 2023 - Newcrest Mining (ASX:NCM) has been ordered to immediately cut the amount of dust pollution being produced by its huge Cadia gold-copper mine in the NSW Central West –…

Dexus lowers property book values by $1bn

21 Jun 2023 - In a significant development for the office and industrial property sector, Dexus, a prominent Australian real estate group, has announced a reduction in the book val…

China's NEV subsidy sends ICE industry into overdrive

21 Jun 2023 - As suspected, China has extended the purchase tax subsidy (for varying amounts) for new energy vehicles (battery and plug-ins) for four more years.

Newmont adjusts investment plans amid Newcrest takeover

21 Jun 2023 - Newmont has started cutting its planned investment spending on new projects in the wake of the proposed US$17.8 billion takeover of Newcrest.

Tribunal blocks Telstra

21 Jun 2023 - Telstra and TPG Telecom will not be able to share infrastructure across regional Australia after the competition tribunal upheld a decision to block the deal.

BHP sticks to current decarbonisation goals

21 Jun 2023 - BHP has announced that it will not accelerate its decarbonisation plans beyond its existing target of reducing emissions by 30 per cent by 2030.

Fletcher Building's bleak FY23 outlook

21 Jun 2023 - Trans Tasman building products giant, Fletcher Building has trimmed its 2022-23 earnings outlook 9 days before it rules off its books for the financial year and given…

Albemarle's Aussie adventure sparks a shockwave Down Under

21 Jun 2023 - Even though it is a major investor in the Chilean lithium industry and says it will deal with the country’s new, higher state involvement in the sector, Albemarle, th…

China has cut rates, but what's next?

21 Jun 2023 - China may have made the last of the current round of official interest rate cuts on Tuesday, but the question economists are now pondering is, what does the governmen…

Rex Airlines faces $35m loss due to pilot and parts shortage

21 Jun 2023 - Rex Airlines (ASX:REX), Australia's largest regional and domestic airline operator, has shocked investors by announcing a forecasted loss of $35 million for the curre…

Rio Tinto announces US$900 million investment

21 Jun 2023 - Rio Tinto (ASX:RIO) says it will invest more than US$900 million to expand output from its huge Kennecott copper mining and processing operation in the US.

Lynas (ASX:LYC) facing possible delay

20 Jun 2023 - Lynas Rare Earths (ASX:LYC) is facing a possible interruption to the start up of its $575m Kalgoorlie Rare Earths Processing Facility in WA’s goldfields.

St Barbara (ASX:SBM) to choose between proposals

20 Jun 2023 - Decision day today for shareholders in St Barbara (ASX:SBM), with a special meeting to vote on whether to go with old beau Genesis Minerals (ASX:GMD) or encourage lat…

Oil wobbles as market waits on Powell

20 Jun 2023 - Global oil prices wobbled lower in Asian trading in a holiday-shortened Monday session with traders waiting for two separate appearances by Fed chair, Jay Powell late…

China cuts

20 Jun 2023 - A big day for the Chinese economy, stock market and investors today when the final round of interest rate cuts happens.

Solar power investment set to surpass oil, but fossil fuel spending still a concern, Says IEA

20 Jun 2023 - The International Energy Agency (IEA) has predicted that investment in solar power will surpass that in oil for the first time this year, marking a significant milest…

Big day for economy: Final round of Chinese rate cuts expected

18 Jun 2023 - A big day for the Chinese economy, stock market and investors on Tuesday when the final round of interest rate cuts will happen.

Glimpse of a bull: gains in tech over week

18 Jun 2023 - Wall Street closed out its best week since March on a down note on Friday, which will see the ASX 200 start trading on Monday with a line ball loss.

Treading water: quiet week expected

18 Jun 2023 - A quiet week ahead. There’s a public holiday in America, so markets will tread water for most of today.

Will gold remain buoyant?

18 Jun 2023 - Gold prices faded last week as the new enthusiasm for equities again dominated, with the S&P 500 shaking free of the bears and stumbling into a bull phase.