Australia Breaking News

Excite Technology Services (ASX:EXT) has expanded its agreement with an Australian Federal Government agency.

Lighthouse Canton Global Asset Management MD & CEO Sanket Sinha believes Asia's private credit is moving beyond the headline artificial intelligence (AI) investment and more into physical and financial infrastructure around AI. He speaks with Haslinda Amin on "Insight with Haslinda Amin."

Government Services Minister Katy Gallagher stated that a forensic investigation into OpenAI accessing a Services Australia portal without authorisation will be finalised in a matter of weeks.

Otto Energy (ASX:OEL) plans to return approximately $20 million to shareholders alongside a 100:1 share consolidation.

Boab Metals (ASX:BML) has finalised a $109 million engineering contract with GR Engineering Services (ASX:GNG) to redevelop its Sorby Hills Silver-Lead Project.

The direction of capital flows in the Middle East is changing with the US-Iran war making the shift more visible. For decades, the Gulf's relationship with Wall Street was largely defined by capital flowing out and being deployed everywhere. This continues but now the Gulf is also becoming an increasingly important target for global investment. BlackRock Investment Institute Chief Middle East and APAC Investment Strategist Ben Powell spoke to Bloomberg's Abeer Abu Omar on Horizons Middle East & Africa on the flow of investments in & out of the region.

Three listed funds managed by Metrics Credit Holdings face net tangible asset reductions of up to 12.16% following an independent audit.

Sushiro is betting that the US appetite for raw fish is big enough to accommodate the casual, mass-market model that made the chain a giant in Japan. But headwinds abound, including a weak yen and increasing competition. Bloomberg TV's Shery Ahn has more.

Fleetwood (ASX:FWD) announced that CFO Cate Chandler has resigned from her role to pursue an external career opportunity.

Iran stuck to its seven-day proposal for reopening the crucial Strait of Hormuz, saying it won't soften its conditions, while President Donald Trump sent mixed signals about his willingness to reach a deal.

Adam Bowe, Managing Director and Head of Australia Portfolio Management at PIMCO, discusses the outlook for Australia's bond market ahead of the RBA's September policy decision, with markets assessing the likelihood of a further 25-basis-point rate increase. He says Australia's rate-hike cycle is fully priced in and the cracks in the economy are being more visible. He speaks with Haidi Stroud-Watts on "Bloomberg: The Asia Trade".

Takuji Aida, Chief Japan Economist at Credit Agricole and an economic advisor to Japanese Prime Minister Sanae Takaichi, says any expansion of Japan's defense spending will likely be spread over many years and shouldn't become a source of significant market anxiety in any single year. He speaks with Shery Ahn on Bloomberg: The Asia Trade.