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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Private sector investment soars to eight-year highs

01 Mar 2024 - Investment by the private sector is now at eight-year highs, with projections indicating further acceleration in the 2024-25 financial year starting July 1.

Retail sales rebound despite seasonal shifts

01 Mar 2024 - Recent updates from retailers suggest a rebound in retail sales in January, following a significant fall in December. The dip in December was attributed to shoppers' …

Trump faces financial pressure amid legal challenges

01 Mar 2024 - Former President Donald Trump finds himself in a precarious financial position as he confronts mounting legal challenges. The latest setback stems from a New York fra…

US inflation at 2.4% in January raises expectations for Fed rate cuts

01 Mar 2024 - US inflation fell to 2.4% in the year to January, according to the measure most closely watched by the Federal Reserve.

Ramsay Healthcare: Once-off windfall, but challenges persist

29 Feb 2024 - In the interim results of Ramsay Healthcare (ASX:RHC), while the sale of its Asian private hospitals joint venture provided a substantial one-off profit, the broader …

Mosaic Brands sees turnaround

29 Feb 2024 - Underperforming women’s wear retailer Mosaic Brands (ASX:MOZ) regards the six months to December as a 'turning point' for the embattled group.

South32 agrees to $US1.65 billion sale of Illawarra Metallurgical coal mine

29 Feb 2024 - South32 (ASX:S32) has agreed to sell its Illawarra Metallurgical Coal mine and processing plant, located south of Sydney, to Indonesian and Australian buyers for up t…

Harvey Norman's profit slumps

29 Feb 2024 - A slide in sales and profits was always on the cards after the retailer provided updates in recent months about the sales performance in what was a tough six months t…

Chinese property giants face liquidation threat

29 Feb 2024 - First, it was Evergrande, broke in 2021 and ordered liquidated in early 2024 with well over $US300 billion in debt. On Wednesday, it was the turn of its big rival, Co…

Reserve Bank of NZ holds steady at 5.5% OCR amid inflation concerns

29 Feb 2024 - As expected, the Reserve Bank of NZ has kept its official cash rate steady at 5.5%, showing little indication of imminent easing.

Chevron's $53B takeover of Hess threatened by ExxonMobil and CNOOC

29 Feb 2024 - Chevron claims its $US53 billion takeover of Hess deal is being threatened by ExxonMobil and China National Offshore Oil Corporation (CNOOC) because they have the fir…

Australian inflation holds steady above 3% target range in January

29 Feb 2024 - Australian inflation remained above the 3% top of the Reserve Bank’s target range for another month in January, with the partial indicator for last month showing an a…

Apple's EV exit: A catalyst for BYD's ambitious expansion

29 Feb 2024 - Apple garnered significant attention with the rational decision to abandon its EV ambitions, a move that resonated with a mix of reactions from despair to optimism wi…

Reece surges despite analysts' erroneous predictions

28 Feb 2024 - Analysts found themselves off the mark when assessing the half-year results of plumbing supplies giant Reece (ASX:REH), as evidenced by the surprising 18% surge in sh…

FTC blocks $40 billion Nvidia-ARM merger

28 Feb 2024 - In 2022, America's Federal Trade Commission (FTC) blocked the proposed $40 billion merger between Nvidia, the AI chip powerhouse, and ARM, the Japanese-owned UK-based…

Alumina's financial tidying before Alcoa takeover

27 Feb 2024 - It was a form of financial housekeeping, a tidying up, or an outstanding financial report that showed a lot of red ink for Alumina, the company about to be swallowed …

Woodside Energy reports decline in profits amidst production challenges

27 Feb 2024 - Similar to Santos last week, the profit decline reported by Woodside Energy was anticipated after the company detailed its production and sales performance in January…

Corporate shake-ups: Saint-Gobain acquires CSR, CRH secures Adbri

27 Feb 2024 - On Monday, CSR formally fell to the French giant Saint-Gobain. On Tuesday, Adbri formally fell to the Ireland-based CRH.

Coles maintains steady interim dividend amid profit dip

27 Feb 2024 - The country's second-largest supermarket business, Coles (ASX:COL), has announced a steady interim dividend despite a slight dip in profit for the 27 weeks ending Dec…

Saint-Gobain strikes formal deal to acquire CSR at $9 a share

27 Feb 2024 - CSR (ASX:CSR) is disappearing with its French suitor, Saint-Gobain, striking a formal deal to make a bid at $9 a share.

Moody's shock withdrawal rattles Chinese property market

27 Feb 2024 - Moody's surprise withdrawal of credit ratings for 11 Chinese property and investment firms sent local and Hong Kong stock markets tumbling on Monday. Investors are no…

Alcoa seeks to acquire remaining stake in Alumina

26 Feb 2024 - Underperforming Alcoa aims to close one of its WA alumina refineries and purchase the 40% it doesn’t own in its global network held by the listed company Alumina (ASX…

Suncorp's investment earnings soar

26 Feb 2024 - Like its rivals QBE and IAG, Suncorp, the owner of a slew of insurance brands led by AAMI, saw its December half-year results bolstered by a sharp rise in premiums an…

Rare earth price drop: Lynas faces profit slump

26 Feb 2024 - As expected, the slump in rare earth prices and lower production and sales took a toll on Lynas in the six months to December, significantly impacting the profit of t…

Kogan.com resumes dividend payments after three years

26 Feb 2024 - Kogan.com, a leading online retailer, announced on Monday its return to dividend payments, marking a significant milestone after a three-year hiatus.