Australia Breaking News

Iran's attack on a Kuwaiti oil tanker near Dubai is a "critical signal" that Tehran is choosing retaliation over negotiation, BCA Research Chief Geopolitical Strategist Matt Gertken tells Bloomberg's "The China Show." He says it would undermine market confidence in President Donald Trump's ability to secure a diplomatic solution, despite a report that he's willing to end the war even if the Strait of Hormuz remains largely closed.

Pure Resources (ASX:PR1) has tapped Texas-based Rice University to develop advanced carbon nanotube fibre heat sink architectures.

Australia's Fair Work Commission has moved to abolish junior pay rates for workers aged 18 to 20 in the retail, fast-food, and pharmacy sectors.

FGE NexantECA Chairman Emeritus Fereidun Fesharaki says a prolonged 'near-closure' of the Strait of Hormuz could push oil prices to $150-$200/bbl in the next few weeks and trigger severe global economic fallout. He speaks with Haslinda Amin on "Insight with Haslinda Amin."

Battery Age Minerals (ASX:BM8) announced a substantial 40% expansion of its landholding at the Apex Germanium-Gallium Project in Utah, USA.

The Papua New Guinea Conservation and Environment Protection Authority has approved an amended environment permit for the Woodlark Gold Project.

Shares in homegrown furniture heavyweight Koala (ASX:KOA) have enjoyed a positive start to life on the public market.

Space infrastructure startup Starcloud raised $170 million in Series A funding at a $1.1 billion valuation. Philip Johnston, Co-founder and CEO of Starcloud, discusses his strategy for capital deployment and business growth. He speaks with Shery Ahn and Haidi Stroud Watts on "Bloomberg: The Asia Trade."

Count (ASX:CUP) announced a definitive agreement to acquire 100% of the Oracle Advisory Group.

Volatility from the Iran conflict has resulted in the single largest month of value destruction on record, with $12 trillion in market cap erased across global benchmarks, Bloomberg's China Show reports. Dina Ting, Head of Global Index Portfolio Management at Franklin Templeton, says the key to navigating this "manic" period is diversification.

Electro Optic Systems (ASX:EOS) secured two new defence contracts in the United States and a milestone in a conditional South Korean deal.

St George Mining (ASX:SGQ) joins the S&P/ASX All Ordinaries Index following a massive 75% resource upgrade at its flagship Araxá Rare Earths-Niobium Project.