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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Fed zigs while RBA zags in inflation battle

09 Mar 2023 - Two different economies at very different stages of their battle against inflation but there are some similarities between the US and Australia, and one glaring dispa…

Carsales lathers up for Brazilian foray

09 Mar 2023 - Carsales.com (ASX:CAR) is looking for half a billion dollars in a new capital raising to finance its decision to boost its stake in Brazil’s biggest online car sales …

NEV data a needed turbo boost for renewables

09 Mar 2023 - Good news from China for producers of renewable metals, especially lithium, with a surge in sales of new energy vehicles (NEVS) in February that should allay lingerin…

New Century now under new ownership

09 Mar 2023 - Wednesday saw New Century Resources (ASX:NCZ) throw in the towel and capitulate to the unsolicited $1.10 per share cash bid from South African precious metals miner S…

Powell's words a hot knife through the market's butter

08 Mar 2023 - Federal Reserve chair Jerome Powell sent shivers through financial markets when he told the US Senate on Tuesday that interest rates may have to rise by more than pre…

RBA assures us this hike won't be the last

08 Mar 2023 - As expected the Reserve Bank raised its key cash rate for a 10th time – by 0.25% – to a forecast 3.6% but again signalled that at least one more rate rise is around t…

InvoCare comes to life on private equity bid

08 Mar 2023 - Shares in InvoCare (ASX:IVC) – the owner of White Lady Funerals, Simplicity Funerals and Le Pine – jumped 37% on Tuesday in early trading after a $1.8bn buyout propos…

Canada clamps down on Chinese mining investment

08 Mar 2023 - Some of those who moaned after the FIRB blocked an attempt by a Chinese shareholder to lift its stake in rare earths miner Northern Minerals should take a look at Can…

Musk's rare earths rant drowns out price cut move

08 Mar 2023 - More evidence that Tesla’s Elon Musk’s investor day was a complete waste of time and a badly executed PR job, even though credulous Australian investors belatedly too…

RBA set to keep calm and tighten on

07 Mar 2023 - The Reserve Bank is expected to lift the cash rate by another 0.25% at its March meeting today, even though there is clear evidence the economy is slowing and consume…

BYD streets ahead of Tesla in latest NEV sales data

07 Mar 2023 - BYD moved further ahead of Tesla in the huge and competitive Chinese New Energy Vehicle (NEV) market in February and the first two months of 2023.

Huge raising the only solution for Bravura's woes

07 Mar 2023 - Existing shareholders in Bravura Solutions (ASX:BVS) face a massive dilution as the company looks to save itself via a $80 million fundraising that will boost issued …

Core Lithium jumps 6% on Finniss upgrade

07 Mar 2023 - Core Lithium (ASX:CXO) shares had a nice little run up on Monday after it more than doubled the mineral resource for part of its Finniss lithium project in the Northe…

Chinese growth target somewhere in the ballpark

06 Mar 2023 - China is looking for consumers to grow the economy faster than it did in Covid-damaged 2022, but remains reluctant to set an actual target as opposed to rough estimat…

Commodities corner: Rigging the oil market

06 Mar 2023 - US energy companies have once again cut the number of active oil rigs, a sign they are increasingly worried about future US production this year and next.

Diary: Locked and Loaded

06 Mar 2023 - The US jobs data for February dominates market this week – even in Australia where the next rate rise from the Reserve Bank tomorrow is a given, as far as markets are…

Monday market minutes: That ring of confidence

06 Mar 2023 - Wall Street has clearly accustomed itself to the prospect of high interest rates for longer and is more and more confident the US economy will not slide into a recess…

Iluka takes bold first step to rare earths future

04 Mar 2023 - Booming Iluka Resources (ASX:ILU) might have spun off its African beach minerals business while it focuses on a rare earths future, but to get to the new world it has…

Alkane, Magmatic two peas in the Western NSW mining pod

04 Mar 2023 - It was an eventful reporting season for emerging gold/copper miner Alkane (ASX:ALK) – it turned in a solid half-year profit for the six months to December, finally go…

Is Pilbara sale a tit for tat move or mere coincidence?

04 Mar 2023 - Are these two events this week linked? Just as a Chinese investor was blocked from taking a bigger stake in rare earths company Northern Minerals early in the week, C…

Private housing approvals hit 10-year low

03 Mar 2023 - Thursday’s release of January building data by the Australian Bureau of Statistics (ABS) included a 10-year low for new private housing approvals, and we won’t have t…

Stock Snippets: EVN, NTO

03 Mar 2023 - Thursday saw some good news from Evolution Mining (ASX:EVN) regarding its Ernest Henry mine, while it may well be game, set and match in the long-running battle for N…

Musk tweeting oh so loud but saying oh so little

03 Mar 2023 - From all reports, it seems Elon Musk was up to his Twitter best – promising vision but delivering little that was new in his new Master Plan 3 for Tesla.

Encouraging signs that inflation is cooling

02 Mar 2023 - While the 0.5% growth figure for the December quarter and 2.7% estimate for all of 2022 was on forecast, the tantalising bit of economic data yesterday was the sharp …

Suddenly it's all aboard the Chinese express

02 Mar 2023 - The Chinese economy was well and truly open for business in February and it was a similar story here in Australia.