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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US oil rig count drops amidst sixth week of rising global prices

07 Aug 2023 - The number of oil rigs operating in the US fell again last week as global prices rose for a sixth week after Saudi Arabia and Russia committed to continuing their pro…

Australian retailers face challenging times amidst declining sales volumes and soaring prices

04 Aug 2023 - Some of the 30th June reports from Australian retailers, due to be issued this month, will make tragic reading for shareholders if the latest analysis of retail sales…

Tech giants Apple and Amazon reported June results

04 Aug 2023 - Apple produced a weak set of numbers that met market expectations, whilst Amazon showed a return to strong growth, resulting in a significant increase in its shares d…

ACCC rejects ANZ proposed takeover of Suncorp's banking arm

04 Aug 2023 - The competition regulator, the ACCC, has rejected ANZ's proposed $4.9 billion takeover of Suncorp's banking arm - a decision that has been widely expected by investor…

Link's UK misadventure

03 Aug 2023 - Link Administration Holdings (ASX:LNK) will report a massive loss for the year to June 30 thanks to a dud deal in the UK.

Downer EDI's turnaround

03 Aug 2023 - Downer EDI's new management team is confident it has cleaned up operations following the discovery of problematic contracts and revenue shortfalls.

Liontown Resources moves to boost early revenue with Kathleen Valley DSO product

03 Aug 2023 - Liontown Resources (ASX:LTR) has taken a step to boost early revenue from its Kathleen Valley project in WA by reaching an agreement to deliver a direct shipping ore …

Global markets sold off after historic downgrade of America's AAA rating by Fitch

03 Aug 2023 - Global markets sold off Wednesday in the first full session of trading in the wake of the historic downgrade of America’s AAA rating by Fitch.

Fitch downgrades US credit rating

02 Aug 2023 - Fitch has joined its rival, S&P Global, in cutting the credit rating of the United States.

Westgold Resources forecasts cost-easing

2 Aug 2023 - Westgold Resources (ASX:WGX), the operator of the Bluebird and Big Bell gold mining operations in Western Australia, has made a daring prediction that its costs will e…

Fertiliser frenzy: Incitec Pivot to partner with Pupuk Kaltim

2 Aug 2023 - Incitec Pivot (ASX:IPL) is reported to have chosen the Indonesian state-owned company Pupuk Kaltim as the preferred buyer of its significant Australian fertilisers bus…

Global gold demand shows mixed trends in Q2 2023

02 Aug 2023 - Global gold demand, excluding over-the-counter (OTC) trading, experienced a slight decline of 2% in the first half of 2023, ending on 30th June.

RBA keeps cash rate unchanged after inflation dip

1 Aug 2023 - Breaking news from the Reserve Bank as they decide to keep the cash rate unchanged at 4.1% for the second consecutive month. The recent dip in inflation during the Jun…

Lynas facility on track despite cost increase

1 Aug 2023 - Despite the cost more than doubling, Lynas' plans to build a US facility remain on track.

Albemarle secures $82.6 million stake in Patriot Battery Metals

1 Aug 2023 - In an intriguing $82.6 million deal, global lithium giant Albemarle has secured an interest not only in aspiring company Patriot Battery Metals (ASX:PMT) but also in t…

Chalice Mining unearths new mineralisation bonanza at Gonneville find, Perth

01 Aug 2023 - Chalice Mining's (ASX:CHN) already world-class Gonneville find near Perth is facing a massive upgrade after the surprise news on Tuesday of the discovery of what appe…

Australian business investment surges to record high in 2022-23, defying pandemic challenges

31 Aug 2023 - In a remarkable turn of events, Australian business investment has achieved an unprecedented high during the fiscal year 2022-23, with the final quarter of the financ…

Lynas takes revenue hit

31 Jul 2023 - Lynas Rare Earths (ASX:LYC) took a significant hit in the June quarter from the slump in world prices for its key products.

China faces another slump

31 Jul 2023 - China’s economy will need more than last week’s lacklustre collection of policy thought bubbles if it is to arrest the slump in activity that continued for a fourth s…

Shares in Silver Lake plunge

31 Jul 2023 - Silver Lake Resources (ASX:SLR) shares have had a shocking start to the week, with a slump of more than 20% following Monday's release of a confusing quarterly statem…

Bank of Japan adopts greater flexibility in yield control policy amid global rate changes

31 Jul 2023 - The Fed and the European Central Bank have both raised their key rates by 0.25% this week, and on Friday, the Bank of Japan revealed greater flexibility in its yield …

Pilbara Minerals: Strong lithium market resilience

31 Jul 2023 - Pilbara Minerals (ASX:PLS) has managed to overcome uncertainties surrounding the impact of the 2022-2023 lithium price slide. The company's June quarter and full-year…

Vale SA reports 78.2% earnings drop amid weak demand

28 Jul 2023 - Brazilian iron ore giant, miner Vale SA, has confirmed the negative impact of weak demand and pricing in the three months to June with a 78.2% slump in net earnings f…

Dow Jones runs out of steam

28 Jul 2023 - The Dow Jones Industrial Average finally ran out of steam on Thursday as investors took their profits, ending 13 straight days of gains.

Energy giants slump in June quarter

28 Jul 2023 - The bloom has faded from the boom in energy company earnings as world prices and demand sag compared to the invasion-stimulated highs a year ago.