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.

Alkane rides wave of high gold prices

15 Oct 2024 - The surging Australian dollar, the gold price and higher production has seen NSW Central West gold miner and copper explorer Alkane book a 33% surge in revenue for th…

Production soars for Westgold following $1.2bn Karora deal

15 Oct 2024 - Westgold Resources (ASX:WGX) still expects its recent gold acquisition, Karora Resources, to provide an expected second half boost in production, revenue and earnings…

Ampol's pipeline of problems: $100m in earnings goes up in flames

15 Oct 2024 - Fuel refiner and retailer Ampol (ASX:ALD) is facing a rough end to 2024. Problems that emerged in the three months to September are continuing into the final quarter …

Takeovers Panel clears path for Rio control of ERA

15 Oct 2024 - Rio Tinto will take control of a $2.4bn uranium mine rehabilitation project for its majority-owned subsidiary Energy Resources of Australia (ERA), ending a long-runni…

Surge in China's coal and copper imports surprises analysts

15 Oct 2024 - China’s commodity imports were surprisingly strong in September, despite the overall weakness in inbound shipments and the sharp softening in export growth.

Pilbara Minerals secures $1b funding to navigate lithium downturn

15 Oct 2024 - Pilbara Minerals (ASX:PLS) looks to have secured a large enough funding package to help it navigate the ongoing downturn in lithium.

China's economic weakness: Alarming signs in recent data

15 Oct 2024 - More evidence suggests that the Chinese economy is weak, and the patchy stimulus measures announced in the past two weeks may be too little, too late.

The price tag on TPG's connection delay

14 Oct 2024 - An expensive delay for TPG Telecom (ASX:TPG), which has seen a $1bn fall in the price of its fibre network infrastructure assets and its enterprise, government and wh…

Pour decisions: TWE's pricey settlement

14 Oct 2024 - Treasury Wine Estates (ASX:TWE) has agreed to pay $65m to settle two class action lawsuits related to its profit downgrade at the start of 2020.

Deepening deflation: China's economic challenges in September

14 Oct 2024 - Deflation deepened across the Chinese economy in September, highlighting a problem that the government has so far refused to tackle with its tentative stimulus measur…

ASX set for strong opening

14 Oct 2024 - The ASX is set for a solid opening on Monday morning following a 46-point gain in share price index futures trading on Friday night. However, this gain may be tempere…

Tesla shares drop after Robotaxi announcement

14 Oct 2024 - Another stunning “triumph” from Elon Musk as his highly hyped robotaxi product launch failed to impress investors—many of whom had believed he would achieve a marketi…

China's vague stimulus package leaves investors confused

14 Oct 2024 - For the second time in a week, China has left investors questioning what the term "stimulus" really means.

JPMorgan and Wells Fargo drive market optimism

14 Oct 2024 - Eighteen months after the regional banking crisis—which many analysts claimed foreshadowed larger issues for the country's banks and the economy—America’s banks appea…

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.