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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$14.3 billion Allkem and Livent merger approved

20 Dec 2023 - The $14.3 billion merger between Allkem (ASX:AKE) and Livent has been successfully concluded.

BHP's withdrawal hits Havilah Resources

20 Dec 2023 - Australian mining giant BHP (ASX:BHP) has decided to pull out of a deal with Havilah Resources (ASX:HAV), dealing a significant blow to the development of the Kalkaro…

Orica ends 2023 with a bang: Acquires Canadian company for over half a billion dollars

20 Dec 2023 - Explosives manufacturer Orica concluded its 2023 on a high note with the acquisition of a Canadian company for more than half a billion dollars.

ECB joins Fed in preparing for 2024 rate cut amid falling inflation

20 Dec 2023 - The European Central Bank (ECB) has joined the US Federal Reserve in preparing for a rate cut in 2024, as euro area inflation slumped to just 2.4% in November, barely…

Canada confirms all new vehicles sold in 2035 must be electric

20 Dec 2023 - Canada has confirmed media reports that it will move ahead with new rules that will compel all new vehicles sold in 2035 to be electric-powered.

SQM and Hancock Prospecting team up for Azure bid

19 Dec 2023 - SQM and Gina Rinehart’s Hancock Prospecting have collaborated to launch a joint, higher bid for Azure Minerals, surpassing SQM's previous solo effort a couple of mont…

Big battery deals

19 Dec 2023 - In the past couple of days, several significant battery deals have been unveiled in New South Wales.

Nio gets $2 billion investment from Abu Dhabi government fund

19 Dec 2023 - Chinese electric vehicle (EV) manufacturer, Nio, has secured a second investment this year worth billions of dollars from the government wealth fund of Abu Dhabi, res…

Federal government's quarterly report highlights challenges in the lithium market

19 Dec 2023 - Further confirmation that the lithium boom has been well and truly pricked with the Federal Government’s December Resource Quarterly revealing another downgrading in …

Nippon Steel to acquire US Steel for $14.9 billion cash in cross-pacific deal

19 Dec 2023 - US Steel, America's iconic steelmaker, is set to be acquired by the Japanese giant, Nippon Steel, for $14.9 billion in cash (more than $A22 billion) in a deal that wi…

Adbri faces $2.1 billion takeover bid amid Kwinana project woes

18 Dec 2023 - The huge cost overruns on its Kwinana project in WA have exposed Adelaide-based cement giant Adbri (ASX:ABC) to a mop-up offer from the controlling Barro family and C…

China's property sector continues to slide amidst government efforts

18 Dec 2023 - Buried in last week’s data drop from China’s National Bureau of Statistics was the usual monthly update from the black hole of the country’s economy: property.

Australian export earnings face continued slowdown

18 Dec 2023 - The forecast for a slowdown in Australia's export earnings from resources and energy looks set to continue over the next year to 18 months, but perhaps not at a pace …

Kiss and make-up: Azure Minerals and major investors near resolution

18 Dec 2023 - Azure Minerals and its four significant investors, who have spent the majority of the past month in a wary standoff, are finally making amends this week.

WA mining project faces 25% cost surge

18 Dec 2023 - Cost pressures persist in Western Australia's mining and construction sector, as one of Australia's government-funded renewable minerals processing projects experienc…

5th time lucky: MUFG's bid to acquire troubled link administration holdings

18 Dec 2023 - Japanese financial services company Mitsubishi UFJ Financial Group (MUFG) is making its fifth attempt to take over the troubled Link Administration Holdings, this tim…

Costco online shoppers snatch up over $100 million in gold

18 Dec 2023 - Online American shoppers are finding what they think are bargains at Costco, America's big-box retail discount club: gold. The retail warehousing giant says customers…

Investors brace for Fed rate cut impact as Santa's arrival nears

18 Dec 2023 - As the world eagerly anticipates Santa Claus' arrival in just one week, investors are already feeling the effects of a significant financial event: the recent rate cu…

Oil prices dip on Friday, up slightly for the week

18 Dec 2023 - Oil prices settled lower on Friday but rose slightly for the week due to a weaker dollar and an improved 2024 demand outlook after weeks of losses.

ASX200 uncertainty: US Fed officials' statements cast doubt

18 Dec 2023 - Last week's sharp rise in the ASX200 looks set to be short-circuited today after the share price futures market dropped 74 points on Friday night.

China's gold reserves soar as global uncertainty drives prices over $2,000

18 Dec 2023 - China isn't frightened by high or weak gold prices, as its buying this year has once again confirmed.

Surprise surge in US retail sales for November

15 Dec 2023 - US consumers reopened their wallets and dusted off their credit cards last month as retail sales increased by a stronger-than-forecast 0.3%. In fact, November's rise,…

Unemployment rises to 3.9%, but don't focus on that number alone

14 Dec 2023 - Australian unemployment rose to an 18-month high of 3.9%, according to the latest labor force report from the Australian Bureau of Statistics on Thursday. However, fo…

ACCC approves Viva Energy's acquisition of OTR Group with divestiture agreement

14 Dec 2023 - In its second decision on Thursday regarding a significant acquisition, the ACCC has announced its approval of Viva Energy's proposed acquisition of the convenience s…

Apple's shares soar as Wall Street's rate cut frenzy approaches $3 trillion

14 Dec 2023 - Another $US3 trillion day for Apple as the rate cut frenzy on Wall Street pushed the iPhone maker’s shares close to a record $200.