Australia Breaking News

Ark Invest CEO and CIO Cathie Wood discusses the impact of artificial intelligence-driven productivity gains on the global economy. "On a year-over-year basis nonfarm productivity is up 2.8%, which is above trend, and we think it's going much higher," Wood tells Bloomberg Television.

MTN is considering expanding its operations in East Africa over the next five years. CEO Ralph Mupita speaks to Bloomberg's Jennifer Zabasajja about the wireless carrier's ambitions including investment plans for AI.

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

Iran set a massive natural gas field in the United Arab Emirates ablaze as it steps up attacks on key energy sites. The drone attack on the Shah field, close to the border with Saudi Arabia, marks the first time Iran has damaged an oil or gas upstream facility in the country during the war. Bloomberg's Joumanna Bercetche reports.

Commerzbank Chief Executive Officer Bettina Orlopp speaks on Bloomberg Television following Monday's 35 billion ($40 billion) bid from UniCredit. Orlopp tells Bloomberg's Anna Edwards UniCredit's offer was a "surprise" and it is a "very low price." She adds Commerzbank will focus on its own strategy as it is currently thinking about accelerating profitability.

US President Donald Trump has reiterated his appeals for other nations to help secure the Strait of Hormuz, saying Iran was nearly obliterated even as the war continues to roil oil markets and global shipping. Torbjorn Soltvedt, Principal Middle East analyst at Verisk Maplecroft spoke to Bloomberg's Horizons Middle East and Africa anchor Joumanna Bercetche on the war & its impact on the Middle East.

The Reserve Bank of Australia raised its key interest rate for a second straight meeting on Tuesday. The central bank's nine-member policy committee split five-to-four in favor of raising the cash rate to 4.1% from 3.85% in its first back-to-back hike since mid-2023. Bloomberg's Mark Cranfield breaks down the situation.

Sequoia Financial Group (ASX:SEQ) has intensified the strategic review of its retail licensee operations.

Reserve Bank of Australia Governor Michele Bullock has defended the board’s decision to eschew a larger 50-basis-point interest rate hike.

The Australian dollar softened on March 17 following a high-stakes Reserve Bank of Australia meeting where a cash rate hike was delivered.

McLaren Minerals (ASX:MML) reached a milestone in the development of the McLaren Titanium Project as a major drilling campaign commences on-site.

BPH Global (ASX:BP8) announced an expansion of its research and development initiatives.