Australia Breaking News

Basin Energy (ASX:BSN) has commenced maiden drilling at its 100% owned Rochedale prospect located 15km southwest of the Newmans discovery.

Vitura Health (ASX:VIT) delivered a strong start to the first quarter of FY27, generating revenue growth of $1.7 million.

Vection Technologies (ASX:VR1) has executed a multi-year framework supply agreement with Retelit Digital Service S.p.A.

Domino's Pizza Enterprises (ASX:DMP) announced Group CEO Andrew Gregory will immediately take direct operational responsibility for the Australia and New Zealand unit.

Small businesses could face restructuring bills exceeding $50,000 under a federal government tax plan targeting discretionary family trusts.

Willy Lee, Principal at Neostellar, says attention on Anthropic's potential IPO risks obscuring broader AI investment and adoption. He cited nearly $200 billion in U.S. venture capital deployed in the first half of the year more than 74% of the prior year's estimated total. He speaks with Scarlet Fu & Hema Parmar on "The Close."

Betsy Duke, Former Fed governor and Former Wells Fargo Chair, says investors should pay closest attention to Fed officials' comments this week. She argues that a single economic data point is unlikely to shift the outlook significantly, noting that Kevin Morris has emphasized watching trends rather than any one reading. She speaks with Scarlet Fu & Hema Parmar on "The Close."

Anthony Valentini of Barclays says aerospace and defense is at an inflection point: newer, high-growth companies using commercial business models should be evaluated differently from traditional contractors and could achieve higher margins at scale. He describes the shift toward lower-cost autonomous systems as a generational change, with new entrants positioned to gain market share over the next decade. He speaks with Scarlet Fu & Hema Parmar on "The Close."

After four years of relative calm, the war pitting Yemen's Houthi militia against the country's internationally recognized government and its backer Saudi Arabia is back on. Announcing the start of a full-scale military campaign against the Houthis, the Saudi-led force said on social media on October 4th that the goal is to "eliminate" the group. Bloomberg's Veena Ali-Khan examines why the Houthis are so hard to defeat. She speaks with hosts Businessweek Daily hosts Carol Massar and Tim Stenovec.

Meta Platforms, parent company of Facebook, has released a long-awaited artificial intelligence model called Muse Wonder. This model is said to be competitive with OpenAI's ChatGPT and Anthropic's Claude. Meta stock rose on the news. Mandeep Singh of Bloomberg Intelligence has more.

Joanna Gallegos, chief operating officer and co-founder of BondBloxx, joins Scarlet Fu and Eric Balchunas on "ETF IQ". They discuss rising US yields, opportunities in the front-end of the Treasury curve and private credit, including the BondBloxx Private Credit CLO ETF (ticker: PCMM).

Tesla's Cybercab will make its first appearance in Europe at the Paris Motor Show this week. Elon Musk is trying to expand the company's footprint outside of the US. Bloomberg's Detroit Bureau Chief David Welch reports on Musk's ambitions and challenges.