Australia Breaking News

Anna Edwards, Guy Johnson, Tom Mackenzie and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade."

Rufaro Chiriseri, head of fixed income for Europe at RBC Wealth Management, discusses the outlook for Treasury yields and Federal Reserve policy. "6% on the on the 30-year is not a level that seems to be wildly out of any possibility," Chiriseri tells Bloomberg Television. "We still expect that yields could still continue to trend higher from here."

New South Wales Senator David Shoebridge has been elected as the new leader of the Australian Greens.

Delta Lithium (ASX:DLI) has announced planned drill testing on six new reconnaissance targets at its Yinnetharra Project.

Yancoal Australia (ASX:YAL) has secured state planning approval to continue operations at its Hunter Valley complex until 2045.

Ai-Media Technologies (ASX:AIM) outlined its FY27 commercial priorities, targeting annual recurring revenue of $44–$46 million.

Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed Al Nahyan took the helm of a $300 billion sovereign wealth fund which has become central to building the infrastructure needed to override Iran's stranglehold over the Strait of Hormuz. The fund is now likely to spend tens of billions of dollars more on new port infrastructure outside the embattled strait, people familiar with the matter said. Bloomberg's Alex Dooler reports.

OpenAI aims to raise at least $30 billion from investors in a new round of funding, according to people familiar with the matter. The company is seeking a valuation of around $1.4 trillion, not including the money raised, said the people. This comes after the artificial intelligence startup pushed back its plans for an initial public offering. Bloomberg's Neil Campling reports.

Morella (ASX:1MC) identified high-grade rubidium and lithium targets from rock chip sampling at its Mac Well Project.

Vection Technologies (ASX:VR1) delivered full-year revenue growth of 13% to $22 million while boosting adjusted EBITDA by $3.8 million.

Biotech stocks in Hong Kong continue to rally amid hopes of AI-driven development. Bernstein senior analyst Rebecca Liang explains why investors are becoming more optimistic about biotech stocks than last year. She spoke on "Bloomberg: The China Show."

Crude oil flows from the Middle East are returning toward pre-war levels despite continued risks to shipping, according to separate estimates from JPMorgan & Goldman Sachs. Meanwhile the diplomatic stalemate between the US & Iran continues with Hormuz & nuclear weapons being the main sticking points despite mediation efforts from Qatar.  Aniseh Bassiri Tabrizi, Associate Fellow MENA at Chatham House spoke to Bloomberg's Abeer Abu Omar on Horizons Middle East & Africa on the impasse between the two sides.