Australia Breaking News

BWP Trust (ASX:BWP) reported a statutory net profit of $408.4 million for the 2026 financial year, up 58.3% from a year earlier.

Pioneer Credit (ASX:PNC) reported a net profit after tax of $23.1 million for the 2026 financial year.

Mirvac Group (ASX:MGR) launched a share buy-back after reporting a $508 million operating profit for FY26.

Southern Cross Electrical Engineering (ASX:SXE) announced $77 million in underlying earnings, up 40.5% in the prior-year period.

AUSTRAC investigated Commonwealth Bank (ASX:CBA) and other lenders regarding $4 billion in suspected loan fraud.

BHP (ASX:BHP) failed to reach a wage agreement with unions representing 450 port operators in Western Australia.

Feel Good Foods has been selling gluten-free frozen foods since 2012, eventually starting to outsell legacy frozen food brands like PF Chang's and TGI Fridays. CEO Vanessa Phillips founded the brand after being diagnosed with celiac disease and college, and refusing to give up her favorite foods. She says the brand doesn't just serve gluten-free consumers, saying most customers buy the product because it "works for them and their lifestyle."

Fort Robotics, a Philadelphia-based robotics startup backed by Mark Cuban, is planning to go public through a SPAC deal valued at $500 million, with an expected Nasdaq listing under the ticker FROB. Samuel Reeves, CEO of Fort Robotics, explained that the decision to pursue a SPAC rather than a traditional IPO was driven by the need for speed and efficiency to scale the company's technology, operations, go-to-market strategy, and international expansion. He speaks with Scarlet Fu & Isabelle Lee on "The Close."

Gold valuation platform Unvault estimates that American households are sitting on $750 Billion worth of gold, largely in the form of unworn jewelry. The company says consumers consistently underestimate their jewelry's spot value by 3x or more because pieces purchased prior to 2010 have more than tripled in value. CEO Nidhi Singhvi joins Businessweek Daily to discuss how her business is being boosting by higher gold prices in 2026.

Australia's stock market maybe emerging as a rare safe haven from the AI-driven volatility rattling Asian equities. A nascent rally has pushed valuations to the brink of overtaking India as the Asia-Pacific's priciest major market for the first time in six years. Shaw and Partners Asset Management's Investment Director Julia Lee joins "Bloomberg: The Asia Trade" to discuss what this means for index heavyweights like BHP and CSL.

Joanna Strober, CEO and Co-Founder of Midi Health, joined the program to discuss the company's focus on providing menopause solutions for midlife women through a virtual care model. Strober explained how MediHealth's approach offers expert care that is often more effective than traditional healthcare providers, with 95% of patients reporting improvement in peri/menopause symptoms after at least two months of treatment. She speaks with Scarlet Fu & Isabelle Lee on "The Close."

Kavita Gupta, founder & general partner of Delta Blockchain Fund, joins Scarlet Fu and Dushyant Shahrawat on "Bloomberg Crypto." Bitcoin whales have added about 43,000 Bitcoin over the past 60 days, worth roughly $2.75 billion at current prices, according to CryptoQuant.