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.

Rio's bargain hunt in the lithium jungle

11 Oct 2024 - Rio Tinto's (ASX:RIO) counter-cyclical move in offering nearly $10 billion for London- and US-based Arcadium Lithium has exposed the enormous potential losses now fac…

Buffett's selling spree delivers billions

11 Oct 2024 - A week before it reports its third quarter earnings, Warren Buffett’s Berkshire Hathaway has cut its Bank of America stake under the 10% limit that requires disclosur…

Shopping spree for Aussie Super

11 Oct 2024 - The country’s biggest investor, Australian Super, has ignored all the poor publicity around supermarket giant Woolworths. It has spent close to half a billion dollars…

Navigating Milton's rising tide of losses

11 Oct 2024 - America’s 2024 hurricane loss bill looks like being boosted towards more than US$150 billion by Milton’s destructive path through central Florida and potential return…

Tower projects record profit amid natural disaster absence

11 Oct 2024 - The absence of major storms, earthquakes, or other natural disasters has led New Zealand insurer Kiwi Insurer Tower (ASX: WR) to drop a significant hint that its unde…

Seven Group seeks name change

11 Oct 2024 - Kerry Stokes’ main listed company, Seven Group Holdings (ASX:SVW), wants shareholder approval to change its registered company name to "SGH Limited." This move aims t…

TD Bank hit with record $3b money laundering fine

11 Oct 2024 - Canadian-owned TD Bank has become the largest US bank to face a money laundering fine from US regulators.

US jobless claims surge

11 Oct 2024 - As usual, Wall Street got itself into a bit of a tizzy when the September Consumer Price Index came in slightly higher than forecast and the latest initial unemployme…

High gold prices cushion Regis' financials

10 Oct 2024 - WA Gold miner Regis Resources (ASX:RRL) has joined what could be a growing trend - a weakness in output in the three months to September mitigated by record high pric…

Metals Acquisition's lucky placement strike

10 Oct 2024 - Cobar copper miner Metals Acquisition (ASX:MAC) raised a little more than it planned in Wednesday’s placement.

China bulls on standby for stimulus news

10 Oct 2024 - Another stimulus attempt from the Chinese government could be in the offing.

Chinese stocks plummet as stimulus hopes fade

10 Oct 2024 - Chinese stocks caught up with Hong Kong on Wednesday, falling sharply as the Chinese government’s attempts to convince the world that it was interested in stimulating…

Olam's bid unravels: LDC's cotton conquest

09 Oct 2024 - One of the longest and noisiest takeover battles at the bottom end of the market has ended with French agri commodities giant Louis Dreyfus Company getting control of…

Rio takes a shot at Arcadium

09 Oct 2024 - A halfway split would be one way of describing the takeover price Rio Tinto (ASX:RIO) will pay to take control of Arcadium (ASX:LTM).

Waking the Kiwi economy

09 Oct 2024 - Having put the NZ economy to sleep, the country’s central bank is now trying to stop it sliding further into a freeze with a 0.5% cut in the official cash rate to bac…

Turning Driftwood into LNG gold: Woodside expands in the US

09 Oct 2024 - Woodside Energy has a new name for its latest US LNG interest and is targeting a final investment decision some time next year for the Louisiana-located project.

Powering down prices in Chinese EV market

09 Oct 2024 - Figures released this week by the China Passenger Car Association paint a picture - Tesla’s price cuts and other measures are a tiny part of what is now a full-on pri…

Newmont sells Ghana gold asset

09 Oct 2024 - Newmont has made a second major asset sale in a couple of months as it continues to integrate last year’s Newcrest takeover.

Metals Acquisition seeks $140m to reduce debt

09 Oct 2024 - Metals Acquisition (ASX:MAC), which owns the former Glencore copper mine in Cobar, western NSW, has gone to the market seeking around $140 million to help reduce its …

NAB skeptical of commodity price rebound amid China's stimulus measures

09 Oct 2024 - Economists at the National Australia Bank are not fully convinced by the rebound in commodity prices over the past fortnight since China announced a series of seeming…

Investors left disappointed: China fails to deliver on stimulus promises

09 Oct 2024 - China demonstrated on Tuesday how to deflate an overzealous rally from both local and foreign investors who had tossed good sense aside over the weekend and Monday.

Qantas faces $100m penalty in "ghost flights" scandal

09 Oct 2024 - The Federal Court has confirmed a $100 million penalty in relation to its so-called "ghost flights" scandal.

West African Resources stays golden after permit reassurances

08 Oct 2024 - Shares in gold miner West African Resources (ASX:WAF) jumped more than 10 per cent at one stage on Tuesday after it said its Burkina Faso mine would not be hit by a c…

A tale of two miners: Capricorn stumbles while Emerald shines

08 Oct 2024 - WA gold miner Capricorn Metals (ASX:CMM) saw a sharp drop in quarterly production at its Karlawindi gold project in WA as it set up mining operations for the new quar…

Ray of hope for economic recovery

08 Oct 2024 - According to the latest monthly business survey from the National Australia Bank, the pace of economic activity improved in September, setting up what could be an imp…