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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Conservative party faces record-breaking defeat in historic UK election

04 Jul 2024 - Final opinion polls have confirmed Britain’s Conservative Party government is on course for a record-breaking defeat after all but conceding defeat a day before the e…

Fortescue-backed hydrogen aviation start-up universal hydrogen shuts down

03 Jul 2024 - Universal Hydrogen, a start-up focused on hydrogen-powered aviation and backed by Fortescue, has shut down after depleting nearly $150 million in investor funds. Desp…

Shoppers continue to seek discounts

03 Jul 2024 - Under pressure, Australian shoppers have again demonstrated their savvy by chasing discounts in May, just as they did last November.

Ramelius stalks Spartan

03 Jul 2024 - Cashed-up Ramelius Resources (ASX:RMS) continues to raise eyebrows in the market as it stalks Spartan Resources, a smaller WA gold mining rival.

Tesla shares surge despite mixed sales performance

03 Jul 2024 - Shares in Tesla rose 10% on Tuesday after it revealed a quarterly sales performance that wasn’t as bad as analysts and others had forecast.

Surprise increase in job vacancies signals strength in US labor market

03 Jul 2024 - New figures released on Tuesday have further confounded views about the health of the US economy and labor market, which appear to be stronger than expected, with an …

Zeekr sets new records in China's EV market

02 Jul 2024 - Chinese electric vehicle manufacturer Zeekr, a subsidiary of Geely, reported a record-breaking month in June, delivering 20,106 vehicles.

ANZ sanctioned for charging fees to deceased estates

02 Jul 2024 - They never learn, do our big banks? Even though they drove the market’s modest gains in 2023-34, keeping it from a rotten, negative performance, one—the ANZ—did so wi…

Liontown secures strategic partnership to deliver long-term funding

02 Jul 2024 - At one stage in 2023, Liontown Resources (ASX:LTR) announced it had secured a $A1.13 billion funding package to bring its Kathleen Valley spodumene mine in Western Au…

Liontown Resources halts trading amid funding rumours

02 Jul 2024 - Troubled lithium wannabe Liontown Resources (ASX:LTR) had trading in its shares halted Tuesday as rumors spread that it’s facing further funding pressures for its alm…

CEO steps down from Bendigo and Adelaide Bank

02 Jul 2024 - In a surprise announcement, Bendigo and Adelaide Bank (ASX:BEN) has announced that CEO Marnie Baker is stepping down after 35 years with the bank, the last six as CEO…

BYD reports record sales

02 Jul 2024 - BYD, the world's biggest maker of electrified vehicles, has revealed record sales for June and the second quarter. However, this growth occurred at a slowing pace, su…

Anglo American shares fall amid Grosvenor mine fire

02 Jul 2024 - Shares in Anglo American ended down 2.4% in London after news broke that it had suspended production at the Grosvenor premium coking coal mine in central Queensland d…

Australia's resource export earnings forecast to fall further

01 Jul 2024 - Australia's export earnings from natural resources dropped by roughly 10% over 2023-24 and are forecast to fall further in the coming year, according to the June quar…

China tightens rare earth regulations amid rising global competition

01 Jul 2024 - Are the growing number of rare earth projects in Australia and elsewhere starting to force China onto the back foot?

Wall Street banks announce higher dividends and buybacks after stress test

01 Jul 2024 - America’s eight banking giants revealed their capital management plans late Friday after the US Federal Reserve had cleared them in the latest stress test of the heal…

Anglo American shuts down Queensland mine after underground fire

01 Jul 2024 - Anglo American has closed an underground coal mine in central Queensland after a fire broke out over the weekend.

Warren Buffett's evolving estate plans

01 Jul 2024 - In a weekend media interview, Warren Buffett revealed a substantial change to his planning for his $US128 billion-plus estate, confirming that his three children will…

Market outlook for 2024-25

01 Jul 2024 - A significant 35-point drop is anticipated on the first day of ASX trading in the 2024-25 financial year, likely to become a frequent occurrence in the months ahead a…

Iron ore market insights

01 Jul 2024 - Global iron ore prices ended the 2023-24 financial year with a reasonable 11% gain.

Whats the outlook for commodities?

01 Jul 2024 - Gold dominated, reaching a record of $US2,454 an ounce on Comex in May, closing the month, quarter, and half-year at $US2,336.98—an increase of 0.06% for the week, do…

Current developments and future prospects in the global EV market

01 Jul 2024 - This week will see some important data and decisions emerge that will tell us a lot about the health of the global EV market and the strength of the auto transition.

Key events and data releases for early July 2024

01 Jul 2024 - Happy new financial year in Australia, and happy new quarter elsewhere. There is more drama from the French elections on Sunday and the UK polls this Thursday.

Oil prices face uncertainty amid geopolitical tensions

01 Jul 2024 - Oil prices start the new month, quarter, and financial year today on the back foot after a soft end to June.

Narrow gains drive Wall Street's solid first half

01 Jul 2024 - And now there are five, the so-called Magnificent Seven having dropped a couple of amigos on the way to driving Wall Street to a 14% plus gain in the six months to Ju…