Key News Overnight:
The world economy’s ability to rebound from its recent soft patch will be tested again this week as data is released from Washington to Beijing. Federal Reserve officials conclude a meeting on Wednesday amid expectations they won’t change their monetary policy settings as counterparts elsewhere follow its dovish turn.
As equities surge to all-time highs, volatility has all but vanished. Hedge funds are betting the calm will last, shorting the Cboe Volatility Index, or VIX, at rates not seen in at least 15 years.
It’s becoming increasingly difficult for Anadarko Petroleum Corp. to justify sticking with Chevron Corp.’s $30.9 billion takeover as its shares gain following Occidental Petroleum Corp.’s higher offer.
The shareholder rebellion at Bayer AG is poised to worsen after its supervisory board ignored an unprecedented no-confidence vote against the leadership of Chief Executive Officer Werner Baumann.
Glencore Plc is under investigation by the U.S. Commodity Futures Trading Commission for possible corrupt practices, the latest legal headache for the world’s biggest commodity trader.
In This Issue:
Carnarvon Petroleum (CVN) | Rig Mobilised for Dorado-2 | SPEC BUY | Analyst | Michael Eidne
Paringa Resources (PNL) | First coal sales | BUY | Analyst | Matthew Keane
Dacian Gold (DCN) | March Q report | BUY | Analyst | James Wilson
Valmec (VMX) | Potential beneficiary of Labor pipeline plans | BUY | Analyst | Ian Christie
Agrimin (AMN), Northern Star Resources (NST), Stealth Global (SGI), Austin Engineering (ANG)