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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Global oil prices decline amid rising supply concerns

30 Sep 2024 - Global oil prices posted a weekly loss by Friday’s close, as fears of growing oil supplies from Saudi Arabia overshadowed China’s efforts to stimulate its economy.

September wrap-up: Key economic indicators and corporate reports

30 Sep 2024 - The first week of the new month and the new quarter begins tomorrow, bringing new data releases, speculation on interest rates, more challenges for companies like Sta…

Wall Street fumbles amidst global market rally

30 Sep 2024 - US investors largely ignored the roaring comeback in Chinese and other Asian markets on Friday.

Gold and silver prices retreat but end week with gains amid Fed rate cut hopes

30 Sep 2024 - Gold and silver prices retreated on Friday from record highs but still notched weekly gains, fueled by hopes for a second major rate cut from the Fed. This followed i…

Steel sector boost: Iron ore hits $102.85 per tonne

30 Sep 2024 - Iron ore prices hit a two-month high at Friday's close, driven by China's steady rollout of stimulus measures that boosted interest in the steelmaking mineral.

China stimulus sparks ASX surge as BHP reclaims top spot

28 Sep 2024 - The China stimulus surge lifted the ASX on Friday, and many investors are hoping for the rally to continue this week, even though China enters a week-long holiday sta…

A2 Milk halts trading amid potential acquisition

27 Sep 2024 - Kiwi dairy group A2 Milk (ASX:A2M) has moved its shares from a trading pause to a halt, with a "potential acquisition" in its sights.

Washington H. Soul Pattinson maintains dividends despite profit decline

27 Sep 2024 - Just as its associate, Brickworks (ASX:BKW), still lifted its final and full-year dividends for 2023-24 despite a significant loss for the year to July, its biggest s…

Job vacancies in Australia: A mixed bag amid economic shifts

27 Sep 2024 - Up-to-date job vacancy figures from the Australian Bureau of Statistics (ABS) are another economic data point likely to frustrate the Reserve Bank in its consideratio…

Oil prices plummet amid Saudi production shift

27 Sep 2024 - Oil dived to a two-week low on Thursday after the Financial Times reported that Saudi Arabia was ready to abandon its $US100-a-barrel price target and increase produc…

Surprise stimulus: China's bold moves to avert economic stagnation

27 Sep 2024 - Has China once again saved the global metal industry, the Australian economy, and the fortunes of people like Chris Ellison of Mineral Resources, along with the saggi…

Star Entertainment's losses mount as regulatory pressures bite

26 Sep 2024 - Struggling casino group, Star Entertainment (ASX:SGR), has taken its losses over the past two years to more than $4 billion, with another substantial deficit revealed…

CSL secures major US contract to bolster bird flu vaccine stockpile

26 Sep 2024 - CSL (ASX:CSL) has announced that it has won a multi-million dollar contract from the US Department of Health and Human Services (HHS) to increase America’s stockpile …

Ongoing merger expenses drive Sigma Healthcare's 67% drop in profit

26 Sep 2024 - Pharmacy wholesaler and retailer Sigma Healthcare (ASX:SIG) says its significant drop in interim earnings is due to ongoing costs associated with the impending merger…

Premier's path to demerger: Can Myer be convinced?

26 Sep 2024 - The chances of Premier's Solomon Lew and his board getting the much-discussed demerger plan for the company back on track depend on whether the board of department st…

NSW coal mines extended: 1,800 jobs secured through 2050

26 Sep 2024 - The Federal government’s approval for the extension of three NSW coal mines will ensure around 1,800 jobs are maintained for decades to come.

REA's latest bid: A frustrated pursuit of Rightmove

26 Sep 2024 - A long moan from News Corp, or was it REA (ASX:REA), late Wednesday about the iniquities of UK property listings group, Rightmove, telling REA (and News) to go away f…

Star Entertainment secures crucial debt package

26 Sep 2024 - Embattled casino group Star Entertainment (ASX:SGR) has secured a crucial debt package, providing the company with a much-needed lifeline.

CPI falls to lowest level in three years, but inflation pressures remain

25 Sep 2024 - The monthly Consumer Price Index (CPI) indicator might have shown headline cost rises slowing to an annual rate of 2.7% in August, but as we have pointed out in the p…

Premier Investments pivots from demerger plans to Myer deal

25 Sep 2024 - Now it's down to talks with Myer (ASX:MYR) as Solomon Lew’s Premier Investments goes cold on its demerger idea of spinning off its successful Smiggle and Peter Alexan…

Macquarie Bank fined $5 million for market manipulation failures

25 Sep 2024 - A major embarrassment for Macquarie Group (ASX:MQG) and its Macquarie Bank came from a significant reprimand by markets regulator, ASIC.

Gold prices near record highs amid geopolitical tensions and Fed rate cuts

25 Sep 2024 - New records for gold were set for a second day this week, with prices getting awfully close to the $US2,700 level for the most active December contract.