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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Panoramic suspends mining at Savannah nickel mine

09 Jan 2024 - Around 140 jobs will be lost after the administrators of Panoramic Resources decided to suspend mining at the company's troubled Savannah nickel mine in WA's Kimberle…

US broadcaster seeks bankruptcy protection

09 Jan 2024 - Audacy, the second-largest US radio broadcaster, has been forced to seek Chapter 11 bankruptcy protection to slash its debt by 80% and survive a slump in advertising …

Wall Street bets on Chinese rebound

09 Jan 2024 - Over the Christmas-New Year break, several analysts and banks displayed eagerness to return to or boost small investments in the Chinese stock markets.

Perseus Mining faces new takeover offer from OreCorp and Silvercorp Metals

08 Jan 2024 - So, what will Perseus Mining (ASX:PRU) do now that OreCorp and its Canadian suitor, Silvercorp Metals, have changed the type of takeover offer to avoid being trapped …

Strong 2023 finish for gold miners

08 Jan 2024 - Early December quarter production reports from a string of mid-level gold miners have painted a positive picture for the industry, as they closed out a challenging 20…

Fading lithium boom: Core Lithium faces lows as Kali Metals hopes for highs

08 Jan 2023 - ASX trading will witness both the lows and highs of the fading lithium boom.

Uncertainty looms amidst political drama and economic data

08 Jan 2023 - One way or another, the next month or so could very well set the tone for the first half of 2024. Will it be a continuation of the rosy belief that the Fed's interest…

Gold and silver in 2023: A year of fluctuations

08 Jan 2023 - In 2023, record gold prices surged twice within the year, driven by various global factors.

Apple faces stock decline and antitrust concerns

08 Jan 2023 - The first week of 2024 was less than favourable for Apple as its shares dropped by nearly 6% in a shortened trading week (due to New Year). The world's largest compan…

Big American oil and gas merger

08 Jan 2023 - Big American oil companies are merging to enhance commercial security, protect safety margins, and reduce costs. Now, they are joined by major gas players as US natur…

US jobs slowed in 2023, but real wages offer modest relief

08 Jan 2023 - Real wages ended the year with a modest increase, raising concerns for the central bank and the possibility of keeping interest rates higher for a longer duration.

IMF Outlook: China and EU's vulnerability in global economy for 2024

11 Oct 2023 - According to the latest World Economic Outlook (WEO) from the International Monetary Fund (IMF), China and the EU are identified as the weak points in the global econ…

The inevitable rise of electric vehicle sales: A global perspective

25 Sep 2023 - King Canute, a legendary English monarch, once attempted to halt the relentless sea, illustrating the futility of opposing unstoppable forces. Similarly, the surge in…

Bulls emerging from hibernation

10 Nov 2023 - According to futures pricing, many in the huge US markets reckon the Federal Reserve will be cutting interest rates from mid 2024 onwards.

Uncertainty in global copper

29 Nov 2023 - The global copper market faces uncertainty as doubts arise about the reliability of output from two major Latin American mines in Panama and Peru.

Moody's warns of negative outlook for global banking in 2024

05 Dec 2023 - One forecast that drew attention this week came from Moody’s, which issued a cautionary outlook for the health of the global banking sector in the upcoming year.

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…

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…

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…

CTI reports possible reduced volumes for 2H FY24

22 Dec 2023 - CTI has issued a downgrade -- a 30 per cent fall in pre-tax profit is now the guidance for the half year to December 31.

Pilbara reveals ambitious strategy to cut costs

21 Dec 2023 - Pilbara Minerals (ASX:PLS) is set to significantly reduce processing costs and carbon emissions with a new three-stage energy strategy unveiled on Thursday.

Disinflation trends in 2023: A global overview with focus on China's deflation

21 Dec 2023 - As 2023 comes to a close, disinflation appears to be the rule, but not in China, where deflation persists, defying expectations as cost pressures continue to surprise…

2024 concerns rise over Paramount-Warner Brothers Discovery merger

21 Dec 2023 - It appears to be a case of desperation taking over the infirm, and it's a contender for the "dud deal of 2024" if it materializes. Struggling Paramount, the owner of …

Lithium's impact on ASX investors, Chinese NEV sales, and the global EV market

21 Dec 2023 - Among renewables, lithium remains a significant driver for ASX investors and companies, with Rio Tinto exploring this space, unlike BHP.

China's central bank maintains record low rates despite economic concerns

21 Dec 2023 - China's central bank left its last two key indicator rates steady at all-time lows on Wednesday, despite November's economic data dump—especially housing and inflatio…