Australia Breaking News

Alphabet (NASDAQ:GOOGL) executed an agreement to raise up to $5.5 billion through a multi-part debt offering in the Australian market.

Service Stream (ASX:SSM) reported a full-year EBITDA of $163.4 million and net profit of $81.1 million for the year ended June 30.

The Trump administration delayed 50% tariffs on billions of dollars of Canadian products for three days, saying the two sides had reached a tentative agreement to resolve a broader trade dispute that had plunged relations to a fresh low. President Donald Trump announced the decision less than two hours before the tariffs were set to take effect. Bloomberg's Derek Wallbank reports.

Bond traders are looking to hedge the risk that the Federal Reserve pivots to cutting rates in 2027. The dovish wagers are at odds with recent moves in the Treasuries market, which saw yields on long-dated bonds climb to multiyear highs as a Fed on hold would keep inflation running above its target for longer. Bloomberg's Ven Ram has more.

Bond traders are looking to hedge the risk that the Federal Reserve pivots to cutting rates in 2027. The dovish wagers are at odds with recent moves in the Treasuries market, which saw yields on long-dated bonds climb to multiyear highs as a Fed on hold would keep inflation running above its target for longer. Bloomberg's Ven Ram has more.

Solvar (ASX:SVR) reported a normalised net profit after tax of $36.1 million alongside total fully franked dividends of 19.5 cents per share.

A global selloff in semiconductor stocks deepened as investors retreated from one of the year's hottest trades. Shares of Samsung and SK Hynix slumped more than 7% in Seoul after losses in US chipmakers sent the Philadelphia Semiconductor Index down 5% on Tuesday. Bloomberg's Winnie Hsu has the details.

Moneyme (ASX:MME) reported record originations of $1.23 billion for the financial year ended June 30, lifting its total loan book by 34%.

EBOS Group (ASX:EBO) reported its full year results to June 30, delivering total revenue of NZ$13.5 billion.

Boom Logistics (ASX:BOL) reported statutory revenue of $271.0 million for the 2026 financial year, marking a 2.4% increase.

Stripe announced plans to introduce its small business financing platform to local merchants alongside reaching a milestone of 1 million users across Australia and New Zealand.

FGE NexantECA Chairman Emeritus Fereidun Fesharaki tells Bloomberg TV that Iran can only survive a few more months of curtailed income due to the Strait of Hormuz conflict. He adds that the US may consider waiting out the regime for a better deal.