Australia Breaking News

Memphasys (ASX:MEM) confirmed uninterrupted MENA operations and supply chains despite regional instability.

Qantas (ASX:QAN) will review airfare pricing fortnightly and consolidate flights as soaring fuel costs and Middle East conflict volatility impact international operations.

Japan's Prime Minister Takaichi sat down with President Trump amid the Iran War and rising global gas prices. Mario Parker breaks down what you need to know from the nation's capital. Watch "The Debrief with Mario Parker" only on Bloomberg's "Balance of Power"

Flight Centre Travel Group (ASX:FLT) announced the acquisition of Fresh Approach (UK).

Premier Investments (ASX:PMV) has delivered a robust half-year performance, headlined by a statutory net profit after tax of $101.7 million.

AUSTRAC has summoned ten of Australia's largest banks to an urgent briefing following a spike in mortgage fraud.

Australia has established a national Fuel Supply Taskforce as Middle East conflict threatens imports from Malaysia and South Korea.

Israel said it will no longer target energy infrastructure after an attack on an Iranian gas field sparked retaliatory strikes against energy assets across the Middle East, causing oil and gas prices to surge and prompting a rebuke from President Donald Trump. "Israel acted alone," Prime Minister Benjamin Netanyahu said at a press conference on Thursday, after Israeli officials previously said they had informed the US about the attack. Netanyahu also said Israeli forces would help the US attempt to reopen the Strait of Hormuz and that the war would be over faster than people think, in comments that helped calm markets on a day that already-elevated energy prices spiked once again.

The Minns Labor Government has banned the development of all new "greenfield" coal mines under the "NSW Coal Industry 2026–50" policy.

1994 NBA All-Star and New York Knicks legend John Starks discusses collegiate sports, March Madness, how the NBA has changed since his playing career ended, and the Knicks playoff push. He talks with Romaine Bostick and Katie Greifeld on "The Close."

Matthew Diczok, head of fixed income strategy, Merrill and Bank of America Private Bank said the market doesn't expect their to be a sustained increase in energy. he world's bond markets were whipsawed by unusual volatility as investors rushed to bet on higher interest rates after key central banks signaled fresh concern the surge in oil prices will deliver an inflation shock. Three weeks into the war in Iran, the fallout unleashed a major repricing of short-term bonds during much of Thursday's trading day by dashing once widespread expectations that central banks would cut rates this year to spur growth.  The selloff was led by the UK, where the surge in yields held echoes of 2022, when former Prime Minister Liz Truss' fiscal plans sent the market into a tailspin. The two-year rate jumped as much as 40 basis points to 4.49% after the Bank of England on Thursday said it "stands ready" to act to prevent inflation from accelerating.

CIBC Private Wealth Senior Energy trader Rebecca Babin discusses the market volatility caused by the ongoing conflict in Iran, and the opportunity to limit the 'economic scarring' if the war is resolved within the next few weeks. She talks with Katie Greifeld and Romaine Bostick on "The Close."