Key News Overnight:
President Donald Trump, renewing his attack on the Federal Reserve, claimed the stock market would be “5000 to 10,000” points higher had it not been for the actions of the U.S. central bank.
Global finance chiefs ended IMF talks in Washington mixing concern toward the current state of the world economy with confidence that it will soon rebound. The shift away from tighter monetary policy by central banks, recent stimulus in China and easing trade tensions were hailed as reasons to hope the slowdown will prove short-lived.
Chevron Corp. agreed to buy Anadarko Petroleum Corp. in a $33 billion deal that adds U.S. shale oil and African liquefied natural gas and puts it in the top ranks of the world’s largest energy companies.
Gold producer Metallon Corp. halted output at three of its four mines in Zimbabwe because of mounting debts, as a South African newspaper reported the owner is considering selling the operations.
Volkswagen AG unveiled an electric sport utility vehicle concept to challenge Tesla Inc.’s Model X as part of the auto industry’s largest push into battery-powered vehicles.
In This Issue:
Regis Resources (RRL) | Rosemont Pre-Feasibility Study | HOLD | Analyst | James Wilson
Decmil (DCG) | $105m road contract | BUY | Analyst | Ian Christie
Metro Mining (MMI) | Bauxite Hills operations recommence |BUY | Analyst | Matthew Keane
Iluka Resources (ILU) |March Q Results | Not covered | No rating
OZ Minerals (OZL), Pantoro Ltd (PNR), Stanmore Coal (SMR)