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 interest rates reach 22-year high following latest Fed decision

27 Jul 2023 - A 22-year high for US interest rates was reached thanks to the latest decision from the Fed, yet markets continued unaffected, and the Dow ended higher for yet anothe…

IGO's costly nickel adventure

26 Jul 2023 - IGO (ASX:IGO) is facing a scarcity of cash and its finances have been strained after incurring a near $1 billion clean-up bill for its costly takeover of nickel miner…

Australian CPI comes in lower than expected

26 Jul 2023 - Australian consumer inflation showed signs of slowing in the three months to June, with an annual rate of 6.0%, down from 7.0% in the previous March quarter. Despite …

China's PR strategy amid economic changes

26 Jul 2023 - Can someone lend the Chinese government an old-fashioned PR hack from Australia or the US – someone who knows the value of a 'good' figure, especially with Tuesday’s …

Newcrest reaffirms Newmont takeover amid Cadia Mine dust controversy

25 Jul 2023 - Newcrest's (ASX:NCM) board has reaffirmed its unanimous recommendation for investors to support the Newmont takeover offer.

China's economic woes and the surprising coal surge

14 Jul 2023 - The Chinese economy took a battering in June from falling demand, falling inflation, now on the edge of debilitating deflation, weak imports down for another month, a…

Golden showdown: St Barbara's cash pile attracts predators in the resources sector

13 Jul 2023 - St Barbara (ASX:SBM) looks like a very attractive cash pile that could be snapped up by any one of a handful of predators in the WA resources sector in the wake of th…

Ramelius swoops in on Musgrave Minerals

04 Jul 2023 - Ramelius Resources has swooped in and snatched Musgrave Minerals after the latter rejected an all-paper offer from Westgold.

Insights expected from US jobs data

03 Jul 2023 - The US jobs data for June this Friday will give markets a good idea of the unusual first-half resilience of the American economy and labour market in the face of the …

Apple nears $3 trillion valuation

30 Jun 2023 - Apple approached the elusive $3 trillion valuation mark on Wednesday, benefiting from positive sentiment surrounding tech stocks and optimism about artificial intelli…

Australian economy shows resilience with savings surge

30 Jun 2023 - A mini-blast of economic data for the Australian economy this week ahead of the July policy meeting of the Reserve Bank next Tuesday: inflation easing, job vacancies …

KFC chain Collins Food surges despite inflation concerns

27 Jun 2023 - Shares in KFC chain Collins Foods (ASX:CKF), surged on Tuesday following an impressive start to the 2023-24 financial year, despite concerns over rising inflation cos…

Moody's gives thumbs up to NST's gold mine expansion

27 Jun 2023 - Moody's Ratings has expressed strong approval for Northern Star's (ASX:NST) $1.5 billion expansion plan for the SuperPit gold mine near Kalgoorlie. The company announ…

Bega warns of potential $180 million impairment due to rising dairy prices

27 Jun 2023 - Bega Group (ASX: BGA), Australia's largest locally owned food group, has issued a warning stating that escalating dairy prices could result in a substantial non-cash …

Wesfarmers matches EC Healthcare's offer for SILK Laser

26 Jun 2023 - After saying it would be disciplined in spending capital, Wesfarmers has surprised by announcing a decision to match the $3.35 per share offer by EC Healthcare for SI…

Metcash rally fades as warning signs emerge from annual results

26 Jun 2023 - Metcash (ASX:MTS) may have reported record annual sales and earnings for the year ending 30 April, but closer examination of the results reveals warning signs that ca…

Element 25 secures contract with General Motors

26 Jun 2023 - Shares in Element 25, a manganese miner, experienced a surge of 23% following a supply contract with General Motors.

Musgrave Minerals rejects Westgold's all-stock bid

26 Jun 2023 - The board of Musgrave Minerals (ASX:MGV) has advised shareholders to decline the all-stock bid presented by Westgold Resources (ASX:WGX), asserting that the offer und…

Impending US earnings season and inflation concerns weigh on sentiment

26 Jun 2023 - As the second quarter comes to a close, the looming US earnings season is expected to significantly influence market sentiment. Investors are grappling with the reali…

Oil prices near yearly lows

26 Jun 2023 - Global oil prices concluded the week close to their lowest levels of the year amid mounting concerns over inflation and the potential for interest rate hikes, which b…

Inflation takes centre stage as investors brace for data

26 Jun 2023 - This week, the spotlight will be on inflation, particularly in Australia and the United States, while the performance of the Chinese economy in June will also be clos…

Economists raise recession concerns as RBA prepares for rate hikes

26 Jun 2023 - Leading economic forecasters in Australia are increasingly concerned about the possibility of the country's economy slipping into a recession, with the likelihood now…

Sharemarket set to finish financial year on positive note

26 Jun 2023 - As the financial year draws to a close, the Australian sharemarket is poised to end in positive territory. The S&P/ASX 200 index has experienced an approximately 11% …

Positive aspects of Newcrest deal

24 Jun 2023 - There are some significant developments taking place in relation to the potential merger between Newcrest and Newmont, as well as the future of the Havieron gold copp…

New Zealand launches inquiry into Australian-dominated banking sector

24 Jun 2023 - The fact that it's an election year across the Tasman helps explains the New Zealand’s government decision to hold an inquiry into its Australian-dominated banking se…