Australia Breaking News

Ingenia Communities (ASX:INA) has reportedly agreed to sell six lifestyle and mixed-use communities to Eureka Group (ASX:EGH) for $123.8 million.

FOS Capital (ASX:FOS) announced expected Q1 FY27 revenue of $7.2 million and EBITDA of $0.5 million.

Frank Rohmund, CEO of Zeiss SMT, a key supplier to ASML's EUV lithography machines, sayd he expects that Beijing will need 15 years to develop EUV lithography machine, and additional export controls will only accelerates innovation in China. He speaks with Bloomberg's Stephen Engle on the sidelines of Semicon Taiwan.

Vulcan Energy (ASX:VUL) announced a preliminary feasibility study for its Phase Two Project Ludwig featuring a post-tax net present value of €1.7 billion.

Woodside Energy (ASX:WDS) confirmed its US$12.5 billion Scarborough LNG development remains on track for first exports.

The Reserve Bank of Australia reduced its target US dollar foreign currency reserve allocation from 55% down to 45%.

Tamboran Resources (ASX:TBN) has entered talks with global oil and gas firms to secure funding for expanding gas output.

CJ Desai, CEO of MongoDB, says MongoDB feels very good about demand, noting Atlas delivered its fifth straight quarter of 29% growth and that total Atlas dollars continue to rise quarter over quarter. He speaks with Romaine Bostick & Sally Bakewell on "The Close."

Marc Ganzi, CEO of DigitalBridge, says AI infrastructure investing needs a diversified approach, but argues the real bottleneck is power. Speaking with Romaine Bostick on "Bloomberg The Close," Ganzi also says the industry cannot focus only on chips or software and stresses that the AI buildout should not be politicized.

The NBA stripped the Los Angeles Clippers of five first-round draft picks and suspended owner Steve Ballmer for one year after finding the team had circumvented salary cap rules by facilitating sponsorship agreements between outside companies and star player Kawhi Leonard. Randall Williams reports on "Bloomberg The Close."

Shaquille O'Neal, 15-time NBA All-Star, joins Romaine Bostick on 'The Close' to discuss his 'Credit Tip Off Tour' with Credit One Bank to educate students about building credit. He also gets into his latest venture as a DJ.

Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Sally Bakewell, Lisa Mateo, and Tim Stenovec.