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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Chemist Warehouse to take over Sigma Healthcare in backdoor listing

06 Dec 2023 - Sigma Healthcare is expected to announce a major transaction today, which will result in a backdoor listing by the privately-owned pharmacy giant, Chemist Warehouse, …

Evolution Mining shares fall 14% on Northparkes purchase funding

06 Dec 2023 - Shares in Evolution Mining (ASX:EVN) plummeted by 14% on Wednesday after trading resumed following a halt. The halt was to facilitate the company's efforts to raise $…

Rio Tinto sets $6.2 billion price for Simandou iron ore deposit in Guinea

06 Dec 2023 - Rio Tinto (ASX:RIO) has placed a $6.2 billion price tag on its share of developing the Simandou iron ore deposit in the African country of Guinea.

Apple's market value surpasses $3 trillion mark

06 Dec 2023 - Apple's market value surged past $3 trillion for the first time in four months on Tuesday as Apple shares gained 2% to reach $193.42. Despite reducing its shares thro…

Moody's downgrades China's sovereign credit outlook to negative

06 Dec 2023 - Moody’s Investors Service has downgraded its outlook on China’s sovereign credit rating to negative.

Australian Q3 GDP forecast faces weakening as current account deficit rises

06 Dec 2023 - The chances of today's Australian third-quarter GDP coming in weaker than forecast rose on Tuesday, with the country seeing a near $8 billion plunge in its current ac…

Worried Russia watches as global oil prices slide further

06 Dec 2023 - Global oil prices continued to decline on Tuesday, causing more concern for Russia. US crude prices reached their lowest levels since mid-year, hovering at around $72…

Rio Tinto to invest over half a billion dollars in Pilbara iron ore mine

05 Dec 2023 - Rio Tinto has announced plans to spend over half a billion dollars on exploration and other activities for its upcoming anchor iron ore mine in the Pilbara region, en…

Evolution Mining expands NSW investments

05 Dec 2023 - Evolution Mining (ASX:EVN) has proposed to acquire an 80% stake in the long-established Northparkes copper-gold mine in the state's central west for over $700m.

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.

Gold faces investor gravity: What goes up must come down

05 Dec 2023 - The precious metal's prices plummeted from record highs during Monday's global session in Asia, driven by a stronger dollar and increased US treasury yields as the da…

Investors deliver defeat to Origin Energy's takeover bid

05 Dec 2023 - Today marks the judgment day for Origin Energy, as trading in the company's shares is set to resume later on Tuesday. This comes after the well-anticipated defeat of …

$20 billion bid for Origin Energy defeated

04 Dec 2023 - The $20 billion (enterprise value) bid for Australia's Origin Energy (ASX:ORG) has been defeated, leaving the company to chart its own path once again.

Gold soars past $2,100 in Asian trading

04 Dec 2023 - Gold soared past $2,100 in Asian dealings on Monday, setting a new high for the third consecutive day.

Lithium miners worry as China's EV market stagnates

04 Dec 2023 - Worrying signs are emerging for Australian lithium miners and processors. Industry leader BYD has reported no growth in sales for battery-powered vehicles since Octob…

Metcash trims interim dividend

04 Dec 2023 - Metcash, the supermarkets, hardware, and liquor group, has reduced its interim dividend for the six months ending on October 31 due to a noticeable slowdown in earnin…

Tower announces ownership structure review

04 Dec 2023 - In a surprising announcement, New Zealand-based insurer Tower has declared a strategic review of its ownership structure.

Gold hits record high amid dollar and yield decline

04 Dec 2023 - Gold reached a record high on Friday as the dollar and Treasury yields fell following weak US economic data. Investors seemingly disregarded Fed Chair Jay Powell's wa…

OPEC+ meeting fallout: Oil prices decline despite production cuts

04 Dec 2023 - Last week, OPEC+ convened but witnessed oil prices falling, despite claims of production cuts made during Thursday's meeting.

Upcoming key events for the Australian economy

04 Dec 2023 - Another significant week awaits the Australian economy with the last Reserve Bank (RBA) board meeting of the year tomorrow and the release of September quarter nation…

Busy week ahead with key market drivers

04 Dec 2023 - There are several significant market drivers both locally and internationally this week. In addition to Australia's release of monthly and quarterly data, including a…

Inflation falls on both sides of Atlantic, impact differs

01 Dec 2023 - In Europe, the advance data on inflation showed a slide to an annual rate of 2.4% from 2.9% in October, while in the US, so-called PCE inflation is still falling to 3…

China's economy slows further in November

01 Dec 2023 - China's official activity survey for November indicates a continued slowdown in its economy. Manufacturing contracted for a second consecutive month, while non-manufa…

Oil falls, OPEC+ disagrees on production levels

01 Nov 2023 - Global oil prices plummeted after the OPEC+ group failed to reach a consensus on production levels for some members.

Warren Buffett further invests in fossil fuels

30 Nov 2023 - One of Warren Buffett’s key energy plays is taking the famed investor deeper into fossil fuels, if US media reports are any guide.