ASX 200 drops before budget; Anglo to sell assets as fends off BHP; GUD jumps; Karoon eyes output growth
Anglo American to divest or demerge assets, including Aussie coal mines, as rebuffs BHP takeover. Karoon Energy targets oil output lift. Inquiry head takes aim at Star reforms. ARN Media still chasing SCA. GUD jumps.
Welcome to the Trading Day blog for Tuesday, May 14. The ASX 200 closed 0.3 per cent lower at 7726.80 points. Global investors await US producer prices tonight and inflation data on Wednesday night.
The Aussie dollar is trading near US66.03c.
Originally published as ASX 200 drops before budget; Anglo to sell assets as fends off BHP; GUD jumps; Karoon eyes output growth
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