AustraliaBreaking News

Bloomberg Intelligence's Anurag Rana and Javelin Wealth Management's Polka Mishra discuss what's driving the tech selloff in Asia.

Bloomberg Intelligence says Apple has to hike prices for its iPhones after raising prices for its Macs, iPads and home devices. Those hikes went into effect globally on Thursday. Bloomberg Intelligence Senior Technology Analyst Anurag Rana spoke with Bloomberg's Yvonne Man and Avril Hong on "Bloomberg: The China Show."

Axtec (ASX:AXI) has agreed a further A$1,000,000 funding commitment from major shareholder Oriental University City Holdings (H.K.) Limited, on top of A$475,000 in convertible notes previously approved by shareholders earlier in June 2026.

ASIC has accepted registered company auditor John Gordon Owenell’s application to cancel his registration after raising concerns about alleged breaches of auditor independence and conflict‑of‑interest rules.

ASIC has filed Federal Court proceedings against former directors and compliance committee members of Keystone Asset Management Ltd (Receivers & Managers Appointed) (In Liquidation) over alleged failures in the management of the Shield Master Fund, which held more than A$530 million from around 5,800 superannuation investors.

John Hoffman, the CEO of GSMA, says China is well positioned to shape the next era of communications, particularly in the field of agentic AI. He speaks on the sidelines of Mobile World Congress in Shanghai.

Kathy Zeng, Chairwoman of Apple supplier Lingyi iTech, says the company has secured major clients in both the US and China as it expands into the humanoid robotics sector. She speaks with Bloomberg's Minmin Low on "Bloomberg: The China Show".

Echelon Resources (ASX:ECH) has received approximately A$15.7 million from settling the sale of 139,885,879 shares in Cue Energy Resources (ASX:CUE) to Horizon Oil (ASX:HZN), under a pre‑bid agreement first announced in March 2026.

The sale forms part of Horizon’s off‑market takeover bid for Cue, which has now closed and left Horizon with a 57.06% relevant interest in Cue following completion of the pre‑bid acquisition and acceptances under its offer.

• The Australian Government reported an underlying cash deficit of A$10.9 billion for 2025–26 to 31 May 2026.
• Receipts were A$1.7 billion above profile while payments were A$5.9 billion below profile, improving the in‑year position.
• The Government’s published budget still forecasts a full‑year underlying cash deficit of A$28.3 billion and a fiscal deficit of A$50.1 billion.

Recce Pharmaceuticals (ASX:RCE) has secured firm commitments to raise $4 million through a new institutional share placement.

Transurban (ASX:TCL) has executed an agreement to assess a project adding approximately 120 lane miles to the I-95 Express Lanes.

DigiCo Infrastructure REIT (ASX:DGT) announced that CEO Michael Juniper has stepped down from his positions effective June 26.