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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OPEC+ faces pressure

04 Sep 2024 - Demand for oil and key products like gasoline is waning, sending global crude prices to nine-month lows on Tuesday. As U.S. markets reopened after the Labor Day holid…

Genesis Minerals fast-tracks Laverton Mill restart amidst surging gold prices

03 Sep 2024 - Genesis Minerals (ASX:GMD) announced on Tuesday that it has brought forward the restart of its Laverton mill in WA’s Goldfields to take advantage of near-record gold …

Chalice Mining discovers promising gold prospects in West Yilgarn

03 Sep 2024 - Chalice Mining (ASX:CHN) has one of the richest mineral deposits in the world, located just 70 km north of Perth. Yet, not a single global major or investor is intere…

Strong trade and government spending expected to boost Australia's GDP

03 Sep 2024 - If Australia avoids a recession in today’s (Wednesday) national accounts for the June quarter, it will be due to positive contributions from trade and government fina…

Tesla and BYD lead China's EV market with record-breaking August sales

03 Sep 2024 - BYD broke its record for sales in August, while Tesla came close to achieving its best performance in the ultra-competitive Chinese market over the past year as Elon …

REA faces rising costs in pursuit of Rightmove

03 Sep 2024 - The prospective cost for News Corp’s 61%-owned REA Group (ASX:REA) to buy Rightmove in the UK has just risen well above A$11 billion.

BYD drives record EV sales in August

03 Sep 2024 - China’s EV boom remains alive and continues to grow—well, for industry leader BYD, that is, thanks to its determined push deeper into so-called plug-in hybrids.

Property crisis hits Hong Kong: New World Development reports $2.6 billion loss

03 Sep 2024 - Has China’s property crunch infected Hong Kong’s huge sector, or are the problems at Star Entertainment Group adding to the woes of a major business family in the for…

REA Group's bold bid for rightmove

03 Sep 2024 - Investors didn’t welcome the news on Monday—shock news, actually—that the Murdoch family-controlled REA Group (ASX:REA) was looking to acquire a similar business in t…

Sharp decline in mineral exploration spending as prices drop

03 Sep 2024 - Mineral exploration hit a two-year low in the three months leading up to June, as deep cuts to spending by both large and small mining companies since the start of th…

Building approvals surge in July

03 Sep 2024 - Good news from the home building industry at the start of 2024-25.

ASX halts trading on The Star amid financial reporting delay

02 Sep 2024 - Struggling gambling company The Star (ASX:SGR) has been suspended from trading on the ASX after failing to post its financial results within the reporting period.

Inflation data boosts gold outlook

02 Sep 2024 - Gold ended August and the week with a gain, despite a mid-session pullback on Friday. The U.S. dollar and bond yields strengthened after the key U.S. inflation measur…

Is the gold rally here to stay?

02 Sep 2024 - Gold still ended with a gain for the week and August, even though itfell off from a record high mid session Friday as the US dollar and US bond yields tightened after…

Is the oil market stuck in a rut?

02 Sep 2024 - Oil prices experienced another weak week, culminating in a 3% decline on Friday. West Texas Intermediate (WTI) crude closed at $73.55 per barrel, marking the third co…

Chinese iron ore inventories continue to rise

02 Sep 2024 - Iron ore prices concluded a challenging August slightly above $100 per tonne in Singapore but appeared quite battered.

RBA faces tough decisions amidst weak GDP and rising inflation

02 Sep 2024 - A holiday in the U.S. today will provide a brief respite from market activity, but attention will quickly shift to domestic economic data. On Friday, investors will c…

Woolworths to pay another special dividend

02 Sep 2024 - Shareholders in Woolworths (ASX:WOW) won’t be getting another special dividend next February to go with the 40 cents a share revealed in last week’s financial report …

China's manufacturing slump continues

02 Sep 2024 - The latest official survey of activity in China's manufacturing sector confirms that August was another sluggish month for the country's economy.

Inflation eases, central banks hint at rate cuts

02 Sep 2024 - Inflation rates on both sides of the Atlantic continue to cool, setting the stage for interest rate cuts by key central banks later this month.

Markets rebound after Yen carry trade crisis

02 Sep 2024 - A month ago, markets were caught off guard by the fallout of a Japanese interest rate hike that sent shockwaves through the financial world, triggering a massive unwi…

Australian retail sales stagnate in July

30 Aug 2024 - Australian shoppers put their wallets and cards on hold in July after boosting spending in May and June during end-of-financial-year specials from desperate retailers…

Mixed Australian financial results: Harvey Norman, TPG, Ramsay Health Care, and Downer EDI

30 Aug 2024 - The final day of the June 30 reporting period revealed a mixed bag of financial results, with some of Australia's major companies, including Harvey Norman, TPG, Ramsa…

Wesfarmers merges Kmart and Target

30 Aug 2024 - From the December 2024 half-year, Target will cease to exist as an independent entity in terms of its sales reports within Wesfarmers' public reporting.

Record NEV sales propel BYD's revenue and profit

30 Aug 2024 - On the face of it, BYD, the world's biggest EV maker from China, has reported a solid half-year result for the six months to June, with revenue and earnings up sharpl…