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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Liontown Resources shares fall as Hancock Prospecting increases stake to 19.9%

12 Oct 2023 - Shares in Liontown Resources slumped late yesterday after it became known that Gina Rinehart’s Hancock Prospecting had increased its stake to 19.9% and retreated from…

Heated audience at CSL's AGM

11 Oct 2023 - CSL's (ASX:CSL) Annual General Meeting in Melbourne on Wednesday turned into a heated discussion regarding executive pay and a declining share price, casting a shadow…

Bank of Queensland's year: Challenges, earnings, and outlook

11 Oct 2023 - In the realm of profit announcements, cash earnings typically reign supreme for most banks, though Westpac has reverted to using statutory earnings.

Qantas Chair Richard Goyder to depart amidst board renewal

11 Oct 2023 - Qantas (ASX:QAN) Chair Richard Goyder is set to respond to persistent calls for his departure from the board, with his exit planned for just over a year from now.

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…

Hancock Prospecting nears 19.9% stake in Liontown Resources

11 Oct 2023 - Gina Rinehart's Hancock Prospecting has inched closer to acquiring a 19.9% stake in Liontown Resources (ASX:LTR), pending a potential bid from US lithium giant Albema…

Iron ore and coking coal prices drop in Asia amid China's return

11 Oct 2023 - Iron ore and coking coal futures slid to six-week lows in Asia on Tuesday as China returned to business after the eight-day holiday last week, and traders concluded t…

Phase two drilling at Minyari Dome gold-copper project

10 Oct 2023 - Antipa Minerals (ASX:AZY) has commenced phase two drilling at its Minyari Dome gold-copper project in Western Australia's increasingly prospective Paterson province.

Aussie economy resilient

10 Oct 2023 - In September, the Australian economy exhibited increased resilience, with the quarter ending despite signs of weakening price and labor cost pressures, as reported in…

ACCC clears $18.7 billion Brookfield & MidOcean bid for Origin Energy

10 Oct 2023 - The ACCC announced on Tuesday morning that it has granted conditional clearance to the $18.7 billion bid for Origin Energy (ASX:ORG) by Brookfield and MidOcean.

OPEC's optimistic outlook for oil and its implications

10 Oct 2023 - Of course, OPEC would be bullish on the outlook for oil (and, to a lesser extent, gas) - they have no other way of surviving. If they weren't bullish about future dem…

Newmont's $29 billion takeover of Newcrest: A game-changing deal

09 Oct 2023 - Newmont's $A29 billion all-paper takeover of Newcrest (ASX:NCM) has proven to be a far more significant deal than initially anticipated.

Peace breaks out on Myer's board with key leadership changes

09 Oct 2023 - A statement to the ASX on Monday revealed major changes to the board, including a new chairperson and two board nominees for the annual general meeting (AGM) on Novem…

Fortescue Metals and Genex partner in 25-year solar power agreement

09 Oct 2023 - Fortescue Metals (ASX:FMG) and Sydney-based renewable energy supplier Genex have entered into a 25-year solar power purchase agreement (PPA).

Bank of England averts mini banking crisis with Metro Bank bailout

09 Oct 2023 - The Bank of England appears to have successfully averted a potential mini banking crisis by arranging a bailout for Metro Bank in Britain.

Strong jobs data and mixed sentiments in US markets

09 Oct 2023 - After Friday's surprisingly strong jobs data for September, another test for US market sentiment and momentum awaits this week with the release of September's consume…

Chinese economy in focus: Key data and global events this week

09 Oct 2023 - The health of the Chinese economy is back in the spotlight this week as the country emerges from its week-long holiday break.

American Q3 earnings season preview: Banks and beyond

09 Oct 2023 - America's third-quarter earnings season kicks off this week, and by week's end, there should be more than a hint of what to expect in six weeks when reporting wraps u…

Investor sentiment surges despite strong US jobs report and rising bond yields

09 Oct 2023 - The perverseness of investors was once again underscored on Friday by their positive reaction to the much stronger US jobs report for September, a rise in bond yields…

Global oil prices surge amidst middle east tensions

09 Oct 2023 - Global oil prices are expected to rise on Monday morning following a shocking attack by the Hamas terrorist group in southern Israel.

Australia placed to ride out lithium downturn

10 Oct 2023 - So how is Australia placed as lithium prices show no sign of halting their 2023 slide?

Bloom gone off copper

10 Oct 2023 - Everyone thinks that copper will boom in years to come - and yet its price has spent most of 2023 slowing sagging.

Metro Bank low on funds

06 Oct 2023 - The Financial Times reported Thursday that Metro bank needs at least 600 million pounds in new capital to survive.

Good early progress at Gwalia

05 Oct 2023 - Genesis Minerals (ASX:GMD) acquired the Leonora assets, primarily the Gwalia mine, from St Barbara in July after a months-long takeover process. The contribution for …

Solid FY24 start for Westgold Resources

05 Oct 2023 - Westgold Resources (ASX:WGX) reported a strong start to the 2023-24 financial year, with production data for the three months ending in September.